Abstract:

Going by recent policy announcements, India has clearly turned to electrifying mobility to decarbonize growth and for cleaner air. The government believes in this transition pathway, something that is evident when it announced phase-2 of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) policy just ahead of national elections. This, even after knowing that a move such as this may not find favour with the industry which is sceptical of such a fast paced transition to electric mobility, and in the face of a gloomy forecast of a looming downturn due to a weak auto demand.