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New Delhi: India has set an ambitious target of achieving 30% electric vehicle (EV) sales penetration by 2030, with the government focusing on building a robust EV ecosystem supported by research, innovation, and infrastructure development, said Union Minister for Heavy Industries and Steel, H.D. Kumaraswamy
Addressing FICCI’s National Conference on Electric Vehicles, Kumaraswamy said the government is working on initiatives under the PM E-Drive scheme, which aims to boost battery technology, recycling, and charging infrastructure. “Innovation and research will drive EV adoption, reduce costs, and enhance efficiency. Our focus extends beyond policy to achieving energy security, cleaner air, and modernized transport,” he said.
The government’s push includes transitioning to 100% electrification in the two-wheeler and three-wheeler segments in specific cities, said Tarun Kapoor, Adviser to the Prime Minister. “For four-wheelers, we are exploring measures such as GST revisions on batteries and charging stations,” Kapoor added. Significant investments are being made under the PM E-Drive scheme to expand charging facilities in public spaces, offices, and parking areas.
The EV industry has grown to 23% penetration in four years, driven by subsidies that have progressively declined from ₹1 lakh to ₹25,000 per vehicle. “These subsidies will continue until FY26, after which the sector will reach self-sustainability,” said Dr. Anish Shah, FICCI President and CEO of Mahindra Group.
To encourage competition among states, NITI Aayog plans to launch an India Electric Mobility Index to rank states on EV adoption and performance, according to Sudhendu Jyoti Sinha, Program Director. The initiative aims to foster best practices and accelerate the transition to electric mobility.
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