Tesla Handed a Boost as Government Promises to Lower EV Import Taxes for Automakers Investing $500 Million

India said on Friday it will lower import taxes on certain electric vehicles for companies committing to at least $500 million in investment and manufacturing facilities within three years, potentially bolstering Tesla’s plans to enter the market.India said on Friday it will lower import taxes on certain electric vehicles for companies committing to at least $500 million in investment and manufacturing facilities within three years, potentially bolstering Tesla’s plans to enter the market.