“The removal of basic customs duties on essential battery materials such as lithium, along with the inclusion of 35 more duty-free items for EV battery manufacturing, will lower production costs, making EVs more affordable for consumers.” – Pulkit Khurana, Co-Founder and CEO, Battery Smart
The Union Budget 2025 brings positive momentum to the EV sector, reinforcing India’s commitment to clean mobility. The removal of basic customs duties on essential battery materials such as lithium, along with the inclusion of 35 more duty-free items for EV battery manufacturing, will lower production costs, making EVs more affordable for consumers. These measures will not only boost domestic manufacturing, reduce import dependence, but also significantly advance India’s clean energy goals.
Additionally, the introduction of a social security scheme for gig and platform workers is a vital step toward their formal recognition and financial security, contributing to a more inclusive economy. Together, these initiatives strengthen India’s position in green mobility, while fostering job creation and driving growth in emerging sustainable industries.
By Pulkit Khurana, Co-Founder and CEO, Battery Smart
