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India plans lithium subsidies to compete with lead-acid batteries

Thu, 02/26/2015 - 16:45 -- Paul Crompton
India plans lithium subsidies to compete with lead-acid batteries

The Indian government is planning a subsidy of Rs 32,000 (US$514) on all lithium battery kits to promote electric bike use and cut down vehicular pollution, reports The Indian Express.

The move will allow lithium-ion electric bike OEMs to compete with traditional lead-acid battery powered bikes, which are around US$400 cheaper. 

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