After China’s RE magnet clampdown, a rethink in India on its EV policy push

News Snapshot:

In India’s policy circles, a steadfast focus of driving vehicular electrification by largely incentivising a singular technological platform – battery electric vehicles or BEVs – at the cost of all other technologies, could be in for a change. The immediate trigger for this has come from China’s newly imposed restrictions on rare earth magnet and related materials that kicked in from April 4, which are beginning to impact automakers across the world. This includes vehicle manufacturers in India. Beijing’s move has set off an informed discussion within top levels of the Indian government that multiple geopolitical issues need to be...