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It’s Time For India To Move Towards Electric Vehicles: Tarun Kapoor, PM Modi’s Advisor

Tarun Kapoor, Advisor to the Prime Minister highlights India’s potential to move towards electric vehicles (EVs)

India Gets Its First Flex Fuel-Strong Hybrid Electric Vehicle
India should aim to transition to electric vehicles completely in the next 5-7 years, says PM's Advisor Tushar Kapoor

New Delhi: Tarun Kapoor, Advisor to the Prime Minister at the Prime Minister’s Office has said it is time for India to move towards electric vehicles (EVs) mainly keeping in mind the energy security and environmental concerns. He was quoted as saying in a FICCI statement,

From the government side also, we now want to focus on driving this sector so that not only do we have more and more electric cars, buses and two-wheelers on the road, but we also become a manufacturing hub for the world.

Also Read: Government Cuts FAME-II Subsidy On Electric 2-Wheelers From June

Addressing the ‘FICCI Roundtable on Electric Mobility’, Mr Kapoor highlighted the potential of the Indian electric market and said that the auto sector in India is already well established. All leading players are already in the market. He stated,

It is just about transitioning which should be easy and all stakeholders need to work together to strengthen the EV sector.

Mr Kapoor further stated that in the case of two-wheelers, India should aim to transition close to 100 per cent in the next 5-7 years and added there is no reason why it cannot be achieved. He said,

The price has come down slightly as India is a very price-sensitive market, so the price has to come down further. The support from the government including subsidies, taxes and policy reforms will not take us beyond a point but it is the industry who must take it forward.

Also Read:India Gets Its First Flex Fuel-Strong Hybrid Electric Vehicle

He also urged the industry for more investments in battery manufacturing along with the entire value chain of battery manufacturing.

(This story has not been edited by NDTV staff and is published from a syndicated feed.)

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