In this episode of Budget Insights, part of the EY India Insights podcast series, Parul Nagpal, Partner – Indirect Tax at EY India, highlights how Budget 2026 can accelerate EV adoption through stable tax policy, stronger incentives and improved charging and battery manufacturing infrastructure.

Key takeaways

• Long‑term EV investment requires predictable, stable rules.
• Budget 2026 may expand PLI funding, widen product coverage and allow fresh applicants.
• EV loan tax benefits, priority‑lending access and lower GST on spares can improve affordability.
• Industry seeks clarity on the Sintered Rare Earth Permanent Magnet scheme.
• Strengthening Bharat Trade Net and the Export Promotion Mission can boost global market access.

Tune in to learn how Budget 2026 could accelerate India’s green mobility transition.