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EV ecosystem in 2021 sees growth of $750 billion in India

By Rahul Kamat,

Added 25 October 2021

The Country’s drive towards electric vehicle led mobility has accelerated in recent years.

ev-india

The Country’s drive towards electric vehicle led mobility has accelerated in recent years. However, a major hurdle in its ramp-up is likely to be the near-non-existent EV ecosystem, including charging infrastructure. The government has been attempting to provide a strong push to growth in this space.

 

According to Guruprasad Mudlapur, Regional President & Managing Director, Bosch Auto, “Power electronics provides a lot of opportunities in India with local high-quality manufacturing and recycling of batteries for mobility & storage use. What attracts the customer in EV is Sustainable transportation, Low cost of maintenance & Certainty driven through the connected world.”

 

To this, S Ghosh, Chief Executive Officer, Celsius 100 stated, “The signs are here –$5,000 crore investment in 2-3 wheelers with massive consumer acceptance. What attracts the customer in EV is sustainable transportation, low cost of maintenance & certainty driven through the connected world.”

 

Rajanish Saxena, Head Engineering, Sun Mobility presented a different perspective, “The government is working on standardization, but as an industry, we have not done anything in terms of design and standardising. The need of the hour is a collaboration between companies to diffuse risks and manage uncertainties while developing new technologies and manufacturing processes.”

 

Anil Shrivastav, former Director General, Niti Aayog, concluded, “The surge in start-ups will not only help in laying down the ecosystem of drivetrains and related components but will also promote innovations in design, technology, and production of EVs.”

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