India Approves Incentives for Electric Vehicles
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India’s federal government approved incentives totaling 950 million rupees ($21 million) for makers of electric vehicles.
The subsidy, applicable for hybrid and electric vehicles, will be available until March 2012, Sohail Akhtar, a director in the Ministry of New & Renewable Energy, said by telephone today. The government also plans to fund research and development of electric vehicles.