India revives EV target

The Indian government is renewing efforts to support electric vehicles (EVs) as higher fuel prices and a depreciating currency threaten the country's economic growth. Delhi has drafted a new plan to boost EV production so that it accounts for 15pc of India's total vehicles in the next five years, and more than 30pc by 2030. The 15pc target will not be mandatory but the government will urge automakers to produce EVs. Delhi last year rolled out an ambitious target to replace all fossil-fuel vehicles with an all-electric fleet by 2030, which it later scaled back.