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Electric Mobility:-

Having missed the first electronic revolution in the 1980s and the semiconductor fabrication opportunity in the 1990s, India can hardly afford to miss this emerging opportunity, offered by the transition to electric mobility, that combines multiple high technology industries. India has lost out in the solar power generation and mobile/smartphone industry previously and must act quickly to secure a position in the sunrise industry of battery storage and electric mobility.

 Both electric mobility and battery manufacturing are sunrise industries that must be encouraged if India is to become a globally competitive player in the coming decades. Otherwise, we not only stand to lose all export opportunities that are bound to open up in the coming years but also risk becoming a dumping ground for second-rate imported EVs from China and elsewhere.

 Using the advantage of large scale domestic demand in the EV sector, we would be able to create a dynamic and vibrant storage battery in the country.

 Moreover, battery costs are expected to fall over the next few years as volume increases and economies of scale are achieved. Expert analysis anticipates that India’s annual battery market size could be as large as $9 billion by 2025, the majority of which will be driven by electric vehicle.

 Although around 20% of minerals in the current battery chemistry need to be sourced from outside, the R&D on material recovery and recycling from batteries would help address this scarcity.

Schemes : Fiscal incentives to promote Electric Vehicles, (FAME) provides roadmap for the transition to electric and connected mobility.



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