.
Comprehensive action plan needed for electric vehicle segment to grow: Survey
Comprehensive action plan needed for electric vehicle segment to grow: Survey

IANS

New Delhi, Feb 14 (IANS) A comprehensive action plan is required for the electric vehicle (EV) segment to grow in India, according to a study.

"Conducive policy environment for market creation, technology development and setting up of a vibrant manufacturing ecosystem for electric vehicles can drive electric mobility in India," an Assocham statement said on Wednesday quoting the study.

"A long-term and sustainable policy framework is necessary for the creation of a vibrant EV ecosystem in India," it said.

The joint-study by Assocham and Nomura Research Institute stressed upon the need for a comprehensive action plan to work on three aspects -- consumer acceptance, cost reduction and charging infrastructure for electric vehicles.

The report recommended government support, the supply of raw materials independent of China, indigenised manufacturing of components for the vehicles among others for the sector to grow.

A pan-India charging infrastructure, consisting of home and public charging stations, will provide the necessary push to stimulate demand for electronic vehicles, it said.

 

© 2018 IANS India Private Limited. All Rights Reserved.
The reproduction of the story/photograph in any form will be liable for legal action.

For news, views and gossips, follow @IANSLIVE at Twitter. Find us on Facebook too!

Update: 14-February-2018

RELATED TOPICS

BUSINESS



© 2018 IANS India Private Limited.
Don't forget to bookmark us! (CTRL-D)
Site designed by IANS