EV Policy & Regulations in India: An Analytical Study

India's transition to electric mobility is being driven by an evolving policy ecosystem. This research paper analyses the current policy landscape focusing on government incentives, taxation reforms, charging infrastructure regulations, and battery recycling policies. The study references data from Indian government portals and global institutions, India is urbanising at very fast rate and consequently its mobility needs are growing exponentially. This prolific growth of automobile is increasing the fuel import bill as well as severely polluting the environment. A Shift to EV from Internal combustion Engine vehicles (ICE) is the way out of this problem. Accordingly, the Indian EV market is projected to grow at a CAGR of 94.4% from 2021 to 2030. In this paper we have made our analysis based on aspects includes a brief policy review and a comparison cost between EV and Internal Combustion Engine vehicles. In order to promote the sale of EVs in the Indian market, the government has launched the FAME (Faster Adoption and Manufacturing of Hybrid and Electric vehicles) scheme in India, as part of the National Electric Mobility Mission Plan (NEMMP) 2020, under which, the government will provide certain incentives to lower the purchasing cost of electric vehicles. The policy framework proposes both fiscal and non-fiscal measures to promote EVs in India. The EV sector in India faces infrastructural and financial challenges as well as shortages of raw materials for batteries. It is found that adoption of EVs in the 2-wheeler and 4-wheeler personalized vehicle segment can lead to substantial fuel cost, maintenance cost and CO2 emissions cost savings. Keywords: Electric Vehicle, Taxation policy on EV Charging Infrastructure, Recycling policy.