Three proposals, three policy responses in India's EV push

Over the past year, three of the world's top electric carmakers have announced their India entry plans. The policy response of the Indian government has been different in each case: potential tweaks in tax norms to accommodate the American company Tesla; clear disincentives for China's BYD; routing of the proposal through the regular dispensation for VinFast of Vietnam, which now seeks sops on a par with the package being worked out for Tesla. India is pushing for rapid adoption of electric vehicles, with a focus on replacing petrol/ diesel vehicles with battery EVs. Here is how the three proposals have…