Stable, long-term government policies and regulations enable any new sector to establish a strong foundation and embark on a journey to flourish in the market for a sustained future. Experts at the Autocar Professional India EV Conclave discuss the enabling opportunities in the EV policy landscape in India.
15 Dec 2023 | 3185 Views | By Ketan Thakkar
A stable policy ecosystem is crucial for giving a fillip to an emerging industry, like the electric vehicle sector, which is witnessing an important role of government incentives to drive early adoption of these new technology vehicles in India.
While incentives like the Faster Adoption and Manufacturing of Electric & Hybrid Vehicles (FAME) have been instrumental in kicking off EV adoption in India, more policies like the Production-Linked Incentive (PLI) schemes are now enabling the establishment of a local EV ecosystem in the country.
Experts at the Autocar Professional India EV Conclave held in Chennai on November 21, discussed the relevance of standards and incentives to drive the growth of EV sales across segments in the country.
Nitin Sheth, CEO - New Mobility, Reliance Industries
Sachin Shilavat, President & Head, OEM & Automotive Alliances, Reliance General Insurance
V Vishnu IAS, MD & CEO, Guidance Bureau, Tamil Nadu Government
Gopala Krishnan CS, Chief Manufacturing Officer, Hyundai Motor India