In order to offer consumers affordable, durable and efficient electric vechiles, the auto industry is anxiously waiting for a robust and sustainable policy framework
INDIA IS OFTEN TOUTED AS THE NEXT BIG electric vehicle (EV) market — set to follow China’s lead. There is a consensus that we need EVs more than ever because they are efficient, emit zero pollution and when adopted by the masses, will contribute to saving billions of taxpayers’ money that is spent on importing fossil fuels. In fact, as per a report by NITI Aayog, EVs can cut India’s energy demand by 64 percent and carbon emissions by 37 percent by 2030.
The National Electric Mobility Mission Plan (NEMMP) 2020, announced in 2013, maintains that EVs could achieve national fuel security if India could sell 6-7 million hybrid and electric vehicles year-on-year starting 2020. That is, of course, with government providing fiscal and monetary incentives to manufacturers. The NEMMP envisages a saving of 9,500 million litres of crude oil equivalent to Rs 62,000 crore.
In the run-up to the rollout of FAME (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles) India’s second phase — to boost adoption of energy-efficient vehicles — in a month’s time, the auto industry is riddled with apprehensions and doubts over the longterm roadmap that the government is yet to prepare. The industry fears that lack of charging infrastructure and a robust ecosystem are the biggest stumbling blocks to ensuring EVs techno-commercial feasibility.
Though the auto industry hasn’t admitted it, it is confused, anxious, and keen to know the direction the policy framework will take and its impact on them. The anxiety has grown since February 15, after transport minister Nitin Gadkari dismissed the need for a policy on EV (and any fiscal incentives to manufacturers) and instead supported an ‘action plan’ to encourage the manufacture and use of EVs.
E-Buses take the pole position
この記事は Businessworld の June 23, 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Businessworld の June 23, 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Is Leadership Without Hierarchies Possible?
LEADERSHIP IN THE current era is more challenging than ever before.
The Rise and Evolution of Coffee Culture in India
AS A BANGALORE native, South Indian filter ‘Kaapi’ has always been a significant part of our tradition.
The Daily Ground Goes Desi
Success in Tier-2 and Tier-3 cities hinges on several key factors, with one of the most important being the ability to offer high-quality products at an accessible price point
Cracking The Indian Code
TARUN JAIN, CEO of Tim Hortons India believes in creating an experience at cafes by blending global quality, local flavours and affordability
Making Coffee the New Chai in India
Affordable, great-tasting coffee made fast-abCoffee is reshaping how India drinks coffee
Scripting A New Era Of Coffee In India
From a bootstrapped startup to international expansion, NOTHING BEFORE COFFEE is brewing its way to the top by challenging the giants of the coffee industry with innovation, personalisation, and sustainability
"Driven By A Younger Demographic, Coffee Culture Is On The Upswing"
SUNIL D'SOUZA, Managing Director and CEO of Tata Consumer Products, discusses the company's strategic growth in India's booming coffee market, focusing on premiumisation, innovation, and expanding consumer experiences both at home and in cafés, in this exclusive conversation with BW Businessworld's Tarannum Manjul
Fresh Brew, Big Ambitions
From startups to stores, Beanly's Samayesh Khanna and Rahul Jain elevate India's coffee culture by making freshly brewed coffee a daily delight
"On Track To Become India's Top Café Chain"
In an exclusive interview, RAJAT AGRAWAL, CEO of Barista Coffee, shared insights on the company's current market position, expansion strategies, and its response to growing competition
"Ensuring A Seamless Coffee Experience Outside The Cafe Is The Next Big Thing To Watch Out For"
In an exclusive conversation with BW Businessworld's Resham Suhail, Third Wave Coffee CEO RAJAT LUTHRA and its Co-founder AYUSH BATHWAL delve on how they are navigating the competitive landscape, going beyond retail and tapping changing consumer preferences