The eventual introduction of Bihar’s EV policy could accelerate the uptake of EVs in the state. States with policies and consumer incentives for EV buyers have experienced superior volume growth compared to states without such policies. While it is not clear what the incentives on two-wheelers and personal cars will translate to on a per kilowatt-hour (kWh) basis, larger per kWh incentives have translated into higher volume growth in other states.
To what extent will EV sales grow post the introduction of this policy?
Will the policy facilitate the rapid rollout of charging infrastructure in the state?