Although, there is no such provision of subsidy or incentives towards hybrids vehicles and imported vehicles, these lack of provisions often act as deterrence to new entrants.
Moreover, the stated objective by the Go I to limit its carbon footprints under Paris agreement apart from limiting oil imports, the Go I has set deadline for 'Only Electric Vehicle (Manufacturing)' by 2030.
Domestic production during the first eight months of 2014 includes 6,621 plug-in hybrid sedans and 16,276 all-electric cars.
In November 2010, the Government of India, through the Ministry of New and Renewable Energy (MNRE), announced a subsidy of ₹950 million for electric vehicles.
The Chinese government uses the term new energy vehicles (NEVs) to designate plug-in electric vehicles, and only pure electric vehicles and plug-in hybrid electric vehicles are subject to purchase incentives.
A mid-September joint announcement in 2013 by the National Development and Reform Commission and finance, science, and industry ministries confirmed that the central government will provide a maximum of As a result of the government support and new incentives issued in 2014, production of new energy vehicles between January and August reached 31,137 units, up 328% from the same period of 2013.
Yet much will depends on governments plan to subsidize the vehicle, due their high upfront cost , that will determine any potential shift in the market.