THE TIME IS RIGHT FOR ELECTRIC VEHICLES, IN FACT THE TIME IS CRITICAL.
The move to electric mobility has always been the priority of the Modi government, including in its first tenure, keeping in mind India’s commitment to reduce its carbon footprint by a third from 2005 levels. India aims to achieve this target by 2030.
“Our objective is to clean up cities, reduce imports, and utilize the sun and its energy for driving electric vehicles.-Amitabh Kant, CEO NITI Ayog.
From the perspective of energy security and competitive advantage, new mobility solutions will reduce oil import costs, lower India’s trade deficit and limit India’s vulnerability to oil supply disruptions. India’s low per capita car ownership affords the chance to pursue a different model from the western world. Our emphasis must be shared.
To create a unique eco-system to enable ‘Make in India’, and drive the movement for manufacturing in India, the country will require a phased program across the entire value chain, an efficient fiscal impact structure, and size and scale aligned to the country’s ambition to produce world- class vehicles for domestic and international markets.