The transition to electric vehicles (EVs) has accelerated in recent years, driven by environmental concerns and the rising costs of fossil fuels. To encourage widespread adoption, governments around the world have implemented various incentives, including tax credits, to make EVs more affordable for consumers.

The electric vehicle (EV) industry is on the cusp of a global transformation, and India is eager to stake its claim as a major player. To facilitate this, the Indian government has recently implemented a tailored tariff structure specifically designed to entice American electric carmaker Tesla to establish a manufacturing presence in the country. This strategic move is part of India's broader goal to accelerate the adoption of EVs and reduce its reliance on fossil fuels.