Union Budget 2024-25: Boost for EV Sector with Customs Duty Exemptions on Critical Minerals ...Middle East

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Union Budget 2024-25: Boost for EV Sector with Customs Duty Exemptions on Critical Minerals
source : Devdiscourse ( Middle East ) () 67
In a significant move outlined in the Union Budget 2024-25, Finance Minister Nirmala Sitharaman proposed customs duty exemptions for 25 critical minerals, including lithium and cobalt. These exemptions aim to lower battery production costs and make electric vehicles (EVs) more affordable for consumers.

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