Consumers don't need EV subsidies now: Ola's Bhavish Aggarwal
Ola Electric CEO Bhavish Aggarwal said EV subsidy schemes like PM E-DRIVE "should go away" as "consumers don't need any EV subsidies now". "Then there are subsidies, which are more incentives, like the PLI schemes, which I believe are still required," he stated. He added that PLIs encourage more localisation and more local manufacturing of EVs and components.