As expectations build around Budget 2026, fresh insights from Deloitte India suggest that the government may take decisive steps to strengthen India’s electric vehicle ecosystem by revamping incentives, boosting research and development, and accelerating the transition to clean mobility. With electric vehicles playing a central role in India’s climate and energy goals, the upcoming budget is being seen as a critical opportunity to fine tune policy support for long term impact.
One of the key areas under discussion is a possible overhaul of existing EV incentive structures to make them more effective and inclusive. Current schemes have helped kick start adoption, but industry experts believe there is scope to refine eligibility criteria and incentive design so that a wider range of manufacturers, suppliers and startups can participate. A more balanced approach could support not just vehicle makers but also companies involved in components, batteries and charging technologies.
Deloitte India has also highlighted the importance of strengthening research and development as a foundation for sustainable growth in the EV sector. Increased budgetary support and tax incentives for R and D could encourage innovation in critical areas such as battery chemistry, power electronics and energy efficiency. By focusing on domestic innovation, India can reduce its reliance on imports and build a more resilient and competitive clean mobility ecosystem.
Another major theme likely to feature in Budget 2026 is the broader push for clean mobility beyond just electric cars and two wheelers. Policy support for cleaner public transport, advanced manufacturing of EV components and capital goods, and investments across the mobility value chain could help lower emissions while also boosting domestic manufacturing and employment. Such measures would align with India’s goals of reducing crude oil dependence and improving urban air quality.
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