Electric moment – An electric moment

For the past few years, India has witnessed a great interest in electric vehicles (EV) due to various government policies. Six years ago, the central government presented a plan to accelerate the adoption and manufacture of hybrid and electric vehicles in India.

The second phase of the plan, which started on April 1, 2019, is being implemented over a five-year period with a budget of Rs 10 billion. In June this year, the Department of Heavy Industries revised the plan to increase the incentive benefit on the purchase of electric two-wheelers from 50 percent to 15,000 rupees per kWh (kWh) of battery capacity.

At the India Today Conclave, a panel of experts discussed the impact of these plans on electric vehicle production, the need to improve the ecosystem, and why the sustainable potential of long trucks goes beyond electric vehicles to improve governance. corporate and social responsibility.

Deepak Jain
Former President, ACMA and CMD, Lumax Industries

“In the industry, the auto industry gives a tremendous boost to the economy. So we have to be very measured with smart policies. The incentive benefit scheme linked to production talks about smart investments, investments in technology. In India It is necessary to invest and produce here, otherwise we will lose our competitive power.

Deepak Bagla
Managing Director and Managing Director, Invest India
“The government (to promote electric vehicles) has developed a 360-degree scheme. Most of the requests that we have received in the last four months are related to electric vehicles and this is due to the Incentive Benefit Plan linked to production Companies from Taiwan, Korea and Japan are exploring the possibility of bringing their factories to India.

Vikram pawah
President and CEO of BMW Group India

“The kind of technology that is used in cars has become an extension of what we do. BMW wants to become the first German automaker to comply with the Paris Agreement (on climate change). For that we have to reduce greenhouse gas emissions to half by 2030 and to zero by 2050.

Prashant Banerjee
Executive Director, SIAM or SIAM

“The priority (for India) should be to get traffic carbon free. However, the sudden recall of the internal combustion engine will have an impact on jobs and will not be sustainable. We need a smoother and better change. Planned buses and tricycles are immediate candidates to become electric vehicles.

Editor of Yogendra Pratap, Auto India

“The need of the moment is to change (from internal combustion engines to electric vehicles). Large-scale infrastructure needs to be built, especially for batteries, which are the heart of the electric car. This requires a massive investment.


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