Union Budget 2026-27: Driving India's EV Revolution Forward | Business

Contributing sentiments towards policy:

61% : She forecasts that a strategic mix of EV-centered incentives, tax relief, and regulatory clarity in the forthcoming budget could not only align with India's clean energy targets but also diminish the country's fossil fuel reliance and fortify its fiscal health.
59% : Proposed measures include recalibrating the PLI scheme, offering tax incentives, and easing customs procedures to promote affordability and sustainability in India's EV sector.
56% : Among the proposals likely to be explored are adjustments to the Production-Linked Incentive (PLI) scheme, targeted tax incentives for R&D, and capital goods manufacturing to enhance scale and competitiveness.
51% : On sustainability, Sareen cited Corporate Average Fuel Efficiency (CAFE) norms as a major driver of cleaner mobility in India, with the potential evolution of carbon taxes further incentivizing electrification.
48% : In terms of indirect taxation, Sareen observed limited scope for GST rate rationalization, given recent reforms.

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