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Hyundai will spend 2 trillion won ($1.51 billion) to build the 548,000-square-meter EV factory in Ulsan, some 300 kms southeast of Seoul

On August 3, 2023, there were 1,38,410 EVs in the state, which represents 4.88% of the 28,30,565 EVs across the country

The expert committee was constituted with independent experts from DRDO, IISC Bengaluru and NSTL Visakhapatnam

Currently, EVs are taxed at 5%, while lithium-ion batteries are taxed at 18%

Gadkari said India has the largest pool of young talent