Govt plans to offer $4.6 Bn in incentives for battery makers in EV
A proposal drafted by NITI Aayog to be reviewed by the Union Cabinet
Plans to start with cash and infrastructure incentives of Rs 900 crore in the next financial year
Recommends incentives of $4.6 billion by 2030 for companies manufacturing advanced batteries
Five per cent import tax on batteries for EVs to continue until 2022
