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New EV Policy in India Pretty Soon – PM Modi

Aim of the new electric vehicles policy will be at increasing the production of battery-powered, and alternative fuel vehicles, says PM Modi

While addressing the global mobility summit MOVE last week and further fostering the e-mobility drive in India, Prime Minister Narendra Modi revealed that his government is underway to launch a fresh policy on electric vehicles (EVs) and alternative fuels to strengthen the e-mobility drive in India.

electric vehiclesThe policy is aimed at supporting the automakers to increase the production of battery-powered and alternative fuel vehicles, with the purpose to trim down the rising import bills.

Only a day earlier, transport minister Nitin Gadkari had announced Indian government planning to exempt road permits for electric vehicles (EVs), and also for vehicles that run on alternative fuels such as compressed nitrogen gas (CNG), and ethanol.

Also, most recently, the domestic and international original equipment manufacturers (OEMs) demanded to provide a policy road map with regard to electric vehicles, so that the investments can be planned.

Niti Aayog-organised two-day global mobility summit MOVE kick-started on September 7. The first day of the event saw participation from union ministers, CEOs, industry captains, stakeholders from mobility sector to transportation, from India and abroad. The summit was focussed to co-create a public interest framework to revolutionise India’s transport sectors. It was held on the sidelines of topics such as reinventing public transport, alternative fuels, role of data analytics in goods transport and logistics, among others.

PM Modi’s Idea On Electric Vehicles Ecosystem

During the summit, PM Modi said, “Charged mobility is the way forward to India”. He also called for investments in the manufacturing of electric vehicles and the required changing infrastructure, while emphasising on adoption and electrification of public modes of transport on the sidelines of tackling climate-related menace.

“My vision for the future of mobility in India is based on 7 Cs- common, connected, convenient, congestion-free, charged, clean, cutting-edge,” Modi said.

The MOVE Summit saw attendance from the who’s who of the automotive industry, both vehicle manufacturers and suppliers. They included Suzuki Motor Corp chairman Osamu Suzuki; Toyota Motor Corp chairman Takeshi Uchiyamada; Chung Euisun, vice-chairman, Hyundai Motor Corp; Anand Mahindra, executive chairman, Mahindra & Mahindra; Guenter Butschek, CEO, Tata Motors; Volkman Denner, CEO, Bosch; Ulrich Speisshoffer, CEO, ABB; and Marcy Klevorn, president – Smart Mobility, Ford Motor Co, among others.

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