India mulls lowering import tax for Tesla, other EV makers
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India is contemplating a new electric vehicle (EV) policy that could significantly reduce import taxes for automakers like Tesla if they commit to local manufacturing. The proposed policy could lower the tax rate to as low as 15% for fully-built EV imports, a significant decrease from the current rates of 100% for cars costing above $40,000 and 70% for the rest. Tesla has been trying to get India's import taxes down since 2021.