Ford drops its EV plan for India amid increasing scepticism ...Middle East

US auto major Ford has made a U-turn on its electric vehicle (EVs) plan for India.After exiting the Indian market in September 2021, it had made a surprise re-entry, being selected for prime minister Narendra Modi’s special incentives programme to manufacture EVs.Yesterday (May 12), however, came the announcement that it will “no longer pursue EV manufacturing for exports from any of the Indian plants.”Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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