The rise of Hosur : Tamil Nadu, Karnataka, and the Race to Lure EV Makers – Ather to Ola Electric
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A plethora of states want to host the future of automobile manufacturing. Some have taken an early lead to corner jobs of tomorrow. With TVS and Ather already there and Ola just a few hours away, Hosur is likely to see more action around EVs. But there is still time for other places to step up their game.
In September of 2014, Nevada in the United States won the race to house Tesla Motors’ GigaFactory. It pipped the likes of Arizona, Texas, and New Mexico that had made it to the ‘final’ list of contenders for Elon Musk’s mega battery and electric vehicle (EV) manufacturing project.
For Nevada, winning didn’t come cheap. Controversially, the biggest carrot that was dangled in front of Musk was USD1.3 billion in tax incentives over 20 years, which…Read More...
