Abstract:

India has a lot to gain by converting its ICE vehicles to EVs at the earliest. Its oil-import bill would considerably reduce. ICE vehicles are a major contributor to pollution in cities and their replacement with EVs will definitely improve air quality. There is a considerable possibility that we can become leaders in small and public electric vehicles. This would however require innovations, a policy regime that encourages access to latest technologies and a concerted effort by the Indian industry to achieve global competition through acquiring the necessary scale and using cutting edge technology. The report pointed out that India should pursue an EV policy which systematically ensures that India’s EV program keeps pace with the global scale. The policy would encourage a path which starts with India-specific characteristics and initiatives for its auto sector, building towards global relevance and applications.