EV Expert Urges Budget Focus on Affordability, Localization for Electric Two-Wheelers

Ahead of the Union Budget 2026-27, an expert suggests focusing on affordability and localization for electric two-wheelers to drive India's EV transition. Kunal Arya of ZELO Immobility Limited emphasized that mass adoption hinges on cost-effectiveness and daily usability, advocating for long-term structural support over short-term subsidies. Key recommendations include component-specific Production Linked Incentives for batteries and power electronics, rationalizing GST, and improving access to affordable credit to strengthen domestic manufacturing and reduce supply chain risks.