Topic Details (Notes format)

Electric Mobility and Vehicle Manufacturing

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

India promotes electric vehicles (EVs) to cut oil imports and reduce carbon emissions. Schemes like FAME offer subsidies for EV adoption, alongside incentives for battery manufacturing (PLI). Yet obstacles include charging infrastructure, battery costs, and consumer perceptions. For exam context, highlight how domestic manufacturers (two-wheelers, buses) are shifting to EV lines, the interplay with power generation mix, and how battery recycling ties into sustainability goals. Government strategies for building a robust EV supply chain are also significant.

Practice Questions

What is the objective of the Goods and Services Tax (GST)?

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What is the “law of diminishing marginal utility”?

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What is the main aim of Public Distribution System (PDS) in India?

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What is “inflation targeting”?

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What is meant by “structural unemployment”?

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Which term refers to an economy that has elements of both capitalism and socialism?

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Which organization is responsible for estimating India’s Gross Domestic Product (GDP)?

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Which of the following is a direct tax?

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Which of the following is NOT an example of a direct tax?

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Which of the following is NOT an example of an indirect tax?

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