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Electric Vehicles (EV) in India should become the very best as per India's Prime Minister, Narendra Modi. The Indian automotive market has been witnessing a great push towards electric mobility in recent years. Many brands and governing bodies have also come forward to promote EVs in India in the most efficient and effective manner.
Now, ET Auto shares that Narendra Modi is the latest public figure who has openly shared his interest to encourage e-mobility in the country. "We want to make India number one in electric vehicles," Modi stated at Economic Times Global Business Summit.
The Indian government is in preparation to roll out the second phase of FAME (Faster Adoption and Manufacturing of Electric Vehicles). FAME-II was extended up to March 31, 2019 and close to Rs 5500 crore is lying for approval in this regard. The industry initially demanded a twenty-crore backing from the government.
The Union Cabinet recently presented a plan in a meeting held at PMO (Prime Minister's Office) to localise the production of battery cells and other EV components under PMP (Phased Manufacturing Programme). The plan was crafted after consulting major stakeholders and departments of the Indian automotive industry.
As mentioned before, there has been a lot going on in India to ensure a smooth transition to electric mobility. A good charging station network, tax reductions, easier loans, etc. are some main considerations — check out what all has happened in India's journey towards sustainable e-mobility.
A recent study even proved that demand for electric vehicles in the country have grown by a considerable margin. The Automotive Research Association of India (ARAI) even suggested that conversion of existing three-wheelers to electric could be one of the best ways to promote rapid growth in the field. Furthermore, it is a known fact that the Indian government is aiming to make a good portion of the country's entire automotive segment, electric by 2030.
Currently, two-wheeler segment has the most desirable EV portfolio; with the likes of Ather Energy, Hero Electric and Okinawa playing a major role.
Thoughts On India's E-Mobility Future
With rising pollution levels and stringent rules, the Indian motoring community is slightly growing an interest for electric vehicles. However, the market still lacks enough desirable options to attract a good bunch of customers away from conventional fossil-fuel-powered cars and motorcycles. Hopefully, things will be different in the not-too-distant future.