Policy on electric vehicles well-thought-out: Rajiv Kumar

  1. NITI Aayog Vice-Chairman has said that the proposal for transition to electric vehicles(EVs) was a well-thought-out policy to capitalise on the sunrise industry.
  2. The NITI Aayog has proposed that only electric three-wheelers be sold in the country post March 31,2023.Additionally,all new two-wheelers below 150cc sold after March 31,2025 should be electric.
  3. The industry has strongly opposed the recommendation terming it impractical and cautioning that such a move would disrupt the automotive sector which is already reeling under stress.
  4. The industry has said that they are currently facing multiple challenges including shifting to BS-VI emission norms in the shortest time-frame ever with investments of close to Rs 80,000 crore.
  5. However,the Niti Aayog has said that the figure of Rs 80,000crore cited by the industry as investment to move to BS-VI was primarily by the four-wheeler industry.
  6. The automotive industry rather than going to the BS VI route can switch to this electric vehicles route as it is a sunrise industry.
  7. Further,if we don’t have a policy,no targets for electric vehicles then there will be no domestic capacity and India will see massive imports as in the case of the electronics sector.

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