India's ₹1.27-Lakh-Crore EV Gamble Gets a Hard Reality Check

₹1.27 lakh crore — that's the combined investment India's central and state governments have committed to electric mobility, yet NITI Aayog now says the money is spread too thin across subsidies that aren't moving the needle on mass adoption.

Money Moves

• NITI Aayog's Policy Pivot — Rajiv Gauba urged states to stop spreading EV subsidies thin and instead fully electrify public transport fleets in select cities, citing the West Asia crisis as a potential...