SIAM requests review of EV battery recycling rules
after close1 source ↓written by the desknot a recommendation
- for electric vehicles
- 3-5% price hikes
The Society of Indian Automobile Manufacturers (SIAM) has urged the government to reassess battery recycling regulations, citing potential 3-5% price hikes for electric vehicles. The group argues that the new rules, requiring manufacturers to manage battery collection and recycling, could significantly increase compliance costs, impacting vehicle affordability. 🚗💼
This review could influence market sentiment as automakers navigate regulatory challenges and pricing strategies.
Not investment advice. For informational purposes only.