PHD Chamber of Commerce and Industry organised an ‘India Electric Vehicle Conclave- Roadmap for the Future’ on February 12 &13, 2024, and a Knowledge Report was released on the occasion in collaboration with the Knowledge Partner – NRI Consulting & Solutions India. The Chief Guest, Mr Sudhendu J. Sinha, IRTS, Adviser (Infrastructure Connectivity & Electric Mobility), NITI Aayog, informed that now 33 States and UTs in India have their own EV policies which apart from providing an EV ecosystem are also focussing on attracting investments in the EV sector.
Balaji R, Senior Programme Manager, Electric Mobility Initiative, Shakti, was invited at this conclave to speake in the Panel Discussion on ‘Battery Manufacturing & Global Supply Chain’. He said, “Addressing challenges in battery manufacturing and its supply chain is pivotal for India’s transition to electric mobility. Three vital things are: 1) increasing R&D funding for technological innovation in raw material processing and domestically available materials-based battery chemistry 2) implementing incentivising policy measures in raw material processing and 3) establishing battery design standards conducive to reuse and recycling is vital for efficient recycling and sustainability.”
The conclave emphasised Partnerships for facilitating EV adoption in India and appealed that all stakeholders, including the government, industry, academia, and civil society, should come together and work in synergy to drive the EV transformation. The panel discussions emphasised on promoting domestic manufacturing of electric vehicles and their components. This will not only boost employment opportunities but also reduce our dependence on imports and strengthen our economy. The Production Linked Incentive (PLI) scheme and other initiatives aimed at promoting indigenous manufacturing should be further reinforced to create an environment conducive to the growth of electric vehicle manufacturing in India.