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Global Trade Alert

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India: Incentives under the Electric Vehicle Policy 2023 announced by the state of Tamil Nadu

Description

On 14 February 2023, the Chief Minister of the Indian state of Tamil Nadu announced a 5% interest subsidy on term loans taken for the manufacture of electric vehicles (EV) and their components under t...

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Intervention Details

Intervention Type

Interest payment subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

22 Feb 2023

Revocation date

21 Feb 2028

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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