A Brief Overview
Very often economists and other policy makers emphasize on major sector developments that our country needs to take ensuring an immediate economic leap. For the developed nations, experts say that they have keenly focused on technology and e-commerce (sometimes the lines seem to blur altogether). China, for instance, has a crystal-clear mandate that leads the global charges in Artificial Intelligence and first cousins namely self-driven cars.
What Is Our National Mandate?
What’s our stand? Is there an economic revolution that may strengthen India and prove us as Global Leaders? It’s no longer 1985. Nor is it 2005. It’s high time that India stands up and proclaim before other nations where she can attack and lead to the next century and even beyond. India has been cleverly positioned in taking leads over electric vehicles (you must notice that I haven’t mentioned just cars!).
You might sit for a while thinking India hardly possesses any electric vehicle. Well, it seems true apparently. But take a closer look and you may find that our country operates nearly 3 lac e-rickshaws (they are a favorite in Delhi).
In the recent past, Tata Motors, Mahindra, and Ashok Leyland have announced their major creative ideas to invest in electric vehicles. Each individual OEM commits a reasonable percentage of the buses coming from electricity in the years to come.
The Movement That Has Already Started
The government has supported us with its well-defined incentive schemes to help reduce the financial crunch and facilitate cheaper infrastructure via a series of sharp ideas and capital investment. With the electric vehicle movement gaining momentum at a fast pace, perhaps electric two-wheelers look very promising.
Hero Motors has backed another start-up called Ather Energy that surges forward with robust electric scooters. With this venture, they have made it clear that larger conventional players have faith in the electric vision. Facing steep competition from the Hero Motors, TVS and Mahindra have recently announced cleverly designed e-scooters prepared to dominate the Indian Markets with an immediate effect.
Moreover, Chinese manufacturers are committed to supplying the Indian Auto Industry over a period of next few years (despite an import duty of 30%). India has already green-signaled a great future in electric mobility. At first, these ideas sounded silly, but deeper examinations show that the initial pace gets stronger day by day.
A Concluding Note
With the Central Government announcing to run 100 percent of the on-road vehicles by electricity by the end of 2030, it now makes sense to make a leap forward towards global leadership.
What exactly does it mean for our country? For creative start-ups, this requires a fast-paced industrial mobilization across every other state. All the 29 states have to act unanimously in making the ambitious electric on-road project a reality.
The government must provide a clear and transparent policy framework that allows the start-ups and ages old industries to compete heart and soul for their potential consumers. With this kind of government intervention, our electric vision can gain a fast-paced momentum.