India’s Narendra Modi is reportedly considering cutting import duties for electric vehicles in a bid to attract a major multibillion-dollar investment by Tesla CEO Elon Musk.
For years, the two have wrestled over the prerequisites for his carmaker to enter the market, with the entrepreneur asking that the tariffs, which can as much as double the price of his cars, be substantially reduced. New Delhi countered by requesting he first commit to local production, setting up a high-stakes game of chicken.
