India’s G20 Sherpa Amitabh Kant said on Tuesday that the disparity in taxes India imposes on electric vehicles (EVs) and hybrids will “continue for a long time.” The goal is to increase battery manufacturing and accelerate the electrification of transport. With India having set itself a target of net-zero carbon emissions by 2070, the country…
Fixing this problem does not appear to be a priority for the government led by Prime Minister Narendra Modi, as we saw yet again last week. If that doesn’t change, all plans to transform governance may come to naught. The Indian Administrative Service (IAS), the elite bureaucrats who are constitutionally required to make every decision…
Industrial overcapacity has flared up in recent months. There isn’t enough global demand to absorb all the lithium batteries, solar modules or steel that Chinese factories can produce. But this is happening at the painful expense of corporate profits. More than half of industry supply in solar, EV, steel, and construction machinery isn’t making money,…
