A Parliament panel in a report said that electric vehicle makers would need assistance from the government for a loner-term by the time the EV market becomes more affordable, within the reach of the general public, and self-sustainble.
The panel also said that the FAME II scheme was not able to achieve the financial and physical target which were set. The MoHI needs to promote electric vehicles with research and development. Ministry needs to plan a roadmap to boost the production and sales of EVs.
“The committee is of the view that the manufacturers would need the support from government on a longer-term i.e until the EV market becomes self-sustainable, more affordable, and within the reach of common man,” it said.
“Further to bring down the cost of technology, the committee recommends that emphasis should be laid on faster localization of manufacturing of automobile components, which shall also be supported by increased volumes as the installation rates and vehicle volumes would grow over time,” it said.
“There is an urgent need for creating an ecosystem for export promotion, investment, technology, automation and driving new sustainable solutions, which is crucial for accelerating India’s growth trajectory and harnessing the full potential,” it said.
The committee suggested utilizing the funds available for the PLI scheme before the end of the financial year (2021-22).
