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According to Heavy Industries Minister Mahendra Nath Pandey, Automotive Research Association of India (ARAI) is currently working on development of fast chargers for electric vehicles. Minister was at an event organized by the Ministry of Heavy Industries (MHI) at Goa to Promote Electric Vehicles Mobility with 8 state transport ministers, industry leaders, other heads from 19 states.
Goa State Electric Vehicle Policy 2021 was also launched at Goa during the same event in the presence of Goa Chief Minister, Pramod Sawant. Various incentives comprising of fiscal and non-fiscal benefits are included in this policy for electric vehicles.
Mahendra Nath Pandey, said, “There is a disruptive change happening in the global automotive scenario with a big boost to ‘Electric Vehicles’ as the future of technology. innovations and technological breakthroughs in EV components are catalyzing this disruption. Therefore it is essential to accelerate the manufacturing and adoption of Electric Vehicles in India.”
A prototype of the product has already been developed by a Pune-based institution, Mr. Pandey said. There are few challenges which users face and this includes more charging time for electric vehicles and that is why the focus is on fast charger and it will be ready by December 2022.
Fast chargers will ensure less time spent on charging and this will also boost the demand for battery vehicles. The ministry is also in talks with the Ministry of Petroleum and Natural Gas for installing chargers, approximately at 22000 petrol pumps in India.
Minister said, “I have asked the players to discuss and inform about their concerns. I assure them of full support in addressing the issues brought to my notice.”
Transition of India to ‘Electric Mobility System’ will save around Rs 20 lakh crores by 2030 on oil imports. Several schemes including the National Programme on Advanced Chemistry Cell (ACC), Productivity Linked Incentive (PLI) scheme for Automobile and Auto Components, and Faster Adoption and Manufacturing of EV in India II (FAME India II) are being introduced for supporting the EV transition.
Around Rs 54038 crores of investment has been made with these three schemes. Under the FAME India II scheme, 55000 electric cars, 1 million electric two-wheelers, 5 lakhs electric three-wheelers, and 7090 electric buses will be subsidized.
Under the PLI Scheme, manufacturing of auto components and high technology automobile will be incentivized. Rs 42500 crores will also be invested and around 7.5 lakh jobs will be created.
The manufacturing and growth of e-vehicles will create connected, and shared opportunity for the country which will help in job creation and environment sustainability. All these will come under ‘Make In India’ campaign initiated by the government.
10 E-buses were also flagged off by Mr. Pandey and CM of Goa under the FAME II scheme.