What are the initiatives of the government in developing sustainable yet competitive ecosystem? What can we learn from global best practices (fiscal / non-fiscal interventions)? What is the expectation of the OEMs from policy?
Mr. Sanjeev Garg Practice Leader, Automotive, Praxis Global Alliance discussed this in his #PraxConvo with Anil Srivastava Principal Consultant and Mission Director, NITI Aayog
1. The Indian Government has taken bold initiatives to realize its dream for clean mobility. Majorly focused on E2Ws and E3Ws, it has launched multiple direct fiscal incentives for manufactures (production linked) and consumers as well as non-fiscal initiatives e.g., on creating skilled EV workforce through IITs.
2. Recently, the government has taken a landmark decision allowing EV sales without a battery which will put the Capex for customers of EV lower than ICE driving demand