New Delhi: “The Government is unwaveringly committed to advancing India’s EV ecosystem with a focus on fostering local manufacturing and sustainable growth. The third iteration of Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme will be rolled out within two month. We are taking a comprehensive approach to boost EV eco-system and I call upon all stakeholders to join hands towards making India a global leader in electric mobility and towards our vision of a ‘Viksit Bharat’.” said H. D. Kumaraswamy, Union Minister for Heavy Industries, Govt. of India at the National Conference on Electric Mobility organised by ASSOCHAM.
“In July 2024, Domestic sales of three-wheelers surged to 59073 units, reflecting a 5.1% YoY growth and two-wheeler sales touched 14,41,694 units marking a significant 12.5% Year-on-year growth. The transition to electric mobility requires a skilled workforce and we are working closely with industry bodies to address the skill gap for a future ready workforce. As we move forward, the focus is now on accelerating adoption of EV across segments including heavy-duty trucks, strengthening the EV value chain, enhancing related infrastructure and policy boost to encourage innovation and investment in electric mobility.” He added.
Delivering a special address as a Guest of Honour at the conference, Tarun Kapoor, Advisor to Prime Minister, PMO said, “The Electric vehicle sector is one where India has an opportunity to be a global leader. Transport sector as a whole contributed 13% of total CO2 emissions of which road transport sectors share is 90%, we must therefore take a holistic look at transport sector as a whole in our efforts to tackle our environmental issues. In 2023, global EV sales was 1.38 crores that is 18% of the total sales of vehicles. In India, we sold 9 lakh two wheeler, 5.8 lakhs three-wheeler and 85000 four-wheeler EV’s respectively which indicates the massive opportunity that lies ahead of us. The government looks forward to suggestions from the stakeholders and will continue to extend support to the sector.”
Delivering the Industry perspective, Nishant Arya, Chairman, National Council on Green Mobility, ASSOCHAM and Vice Chairman & MD, JBM Group said, “The EV sector in India has transitioned into an ecosystem play now with multiple traditional OEMs, start-ups, EV aggregate manufacturers in the battery pack space and projects under the PLI scheme. The sector has the capacity to generate 50 million jobs in the next 10 years. A sector focussed policy like the PLI scheme in manufacturing and according the Infrastructure tag to the sector will go a long way in boosting the sectors growth. Electric mobility as a sector has high skill requirements and the budget allocations towards employment and skilling is timely as it will help people enhance their value proposition in terms of their skill sets in electronics, diagnostics, metallurgy, new age technologies, software, hardware and firmware among others.”
