Electric Avenue is looking brighter in India! The government just clarified its new EV policy, addressing automakers' concerns with a shot in the arm for infrastructure investment. This isn't your average policy focused solely on factories – it's about building the entire charging ecosystem!

Here's the electrifying news:

· Gear Up for Infrastructure Incentives: Forget range anxiety! Investments in charging stations, machinery, and other essential EV infrastructure will now qualify for sweet policy benefits.

· Building Blocks Get a Boost: Up to 10% of your fancy new EV factory's cost can be counted as an investment towards production capacity. Think of it as a discount on your EV dream factory!

· Collaboration Paves the Road: These clarifications come after the government consulted with industry heavyweights, both domestic and international. It seems even titans need a roadmap sometimes!

· Fresh Start Required: Previous investments won't count under this policy. So, Vietnamese EV maker VinFast, it's time to step on the gas with new investments to unlock those import duty breaks.

Mark your calendars! Applications for this electrifying policy are expected to open by July 31st, or maybe even sooner. So, EV makers in India, it's time to charge ahead!