Indian automobile industry is going from the transitory stage. Indian customers are still evolving concerning their usage, convenience of commute, and price point of vehicles being offered in the market. The adoption of EVS depends to a large extent on state government subsidies which vary as per respective state government policies. The availability of charging infrastructure also plays an important role in the uptake of EVs in India. Government policies and regulations with reference to battery scrappage, subsidies, localization of EV production, etc, will play a huge part in ensuring that this industry can accomplish the former's NDC (Nationally Determined Contributions) ambition of an emissions-intensity target of 45% below 2005 levels by 2030; a target of achieving 50% cumulative electric power installed capacity from non-fossil fuelbased energy resources, by 2030.
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Esta historia es de la edición June 2023 de Banking Frontiers.
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