Traffic congestion, air pollution, and toxic emissions have been key factors to push the government to bring progressive legislation to curb transport emissions. The Government of India has been active in leading energy transition and electrification of vehicles and building a new technology and manufacturing ecosystem in India for the last six to seven years.

The various central and state ministries and nodal agencies have come up with policies and initiatives to push the adoption of electric vehicles at an accelerated pace. The policies and initiatives such as National Electric Mobility Mission Plan, FAME-I and II, National Mission for Transformative Mobility and Battery Manufacturing, Phased Manufacturing Program, Advanced Chemistry Cell Production Linked Incentive Scheme have been devised to give the required boost to the sector.

COVID-19 has further brought the attention of stakeholders to climate change. Since COVID-19, consumers show a rising consciousness towards climate change, sustainable transportation, and circular economy. However, consumers prefer choices that not only help mitigate climate change but are also affordable.

In the last decade, given the initial government push on solar and wind technology mass adoption, renewable energy technologies are more competitive than conventional fossil-fuel technologies to produce energy. In the next decade, battery technologies are also expected to follow a similar cost reduction curve for the electrification and energy storage sector.

By 2025, there shall be no contest et-al between conventional and e-mobility technologies on cost competitiveness. However, given the initial push with a plethora of decisions, electric vehicle adoption is still at abysmal levels.

This has been quite worthy of a question to ask why the EV adoption policies and initiatives have not been able to get even closer to the tipping point. There are challenges of affordability and mass availability of innovative technologies. The vicious cycle of affordability and mass deployment of new-age technologies has many causal feedback loops.

Favourable government policy supports demand creation and investment in infrastructure increases public acceptance. This makes it possible to mass-produce high technology products and finally reduce costs. These factors amplify the effect of each other and create disruption.


Until now, the FAME (Faster Adoption and Manufacturing of [Hybrid &] Electric Vehicles) scheme has been the primary incentive scheme to push for EV adoption. While the FAME-II scheme came up with strict eligibility criteria for vehicle selection to pass incentive, some of the stakeholders think to move to criteria used for FAME-I only.

The underlying question is do we re-draft the policy, dilute the incentive selection criteria or come up with augmented proposals that enhance the indigenous value capture in the country? Hence, to achieve the goal of industry transformation and answer the underlying question, we first need to understand what EV adoption is a function of?


EV Adoption is a function of the total cost of ownership and perception to its users. The total cost of ownership is the sum of capital and operating expenditures. The capital expenditure is a further function of technology, localization, and volumes in the market.

The users are the most important stakeholders in the whole value chain and first we need to understand how people perceive the overarching value proposition of electric vehicles. Once we launch products with extended range, build the required charging infrastructure, and raise awareness for climate change, we would be able to see public acceptance for mass EV adoption.

Currently, all these factors of TCO and perception face certain intricate barriers. These barriers can be removed by taking certain strategic measures.

Technology innovation budget

Different software technologies and cutting edge material science innovations have disrupted the industry across segments of the value chain. Be it xEV powertrain components, power electronics, batteries, sensors, shared or autonomous driving, the industry has been evolving very fast. Countries and companies need to make large investments in innovation and R&D projects to keep up with the pace of technology disruption.

On January 26, 2021, the EU approved €2.9 billion state aid for a second Pan-European research and innovation project along the entire battery value chain. The funding of the twelve participating Member States is expected to unlock an additional €9 billion in private investments, i.e. more than three times the public support.

The project, called “European Battery Innovation (EuBatIn)” will cover the entire battery value chain from extraction of raw materials, design and manufacturing of battery cells and packs, and finally the recycling and disposal in a circular economy, with a strong focus on sustainability.

It is expected to contribute to the development of a whole set of new technological breakthroughs, including different cell chemistries and novel production processes, and other innovations in the battery value chain, thus strengthening the battery value chain in Europe.

This is the time for the government to support research and innovation through innovation aid, R&D tax credits, and other mechanisms. Else the government would have to leave the strategic opportunity to foreign players and let the Indian industry depend upon technology licensing for its scale-up plans.

electric car charging stations business opportunity in India

Stimulus packages

Paradigm-shifting developments have pushed stakeholders to reassess previous market outlook. Businesses and governments are calling for formulating recovery strategies with a strong focus on building forward better.

Post pandemic, Five country governments (UK, China, France, Germany, and Spain) released a total USD 17.2 billion package stimulus for the electric vehicle sector only out of $1.7 trillion COVID-19 stimulus package. Governments across mature markets have been generous in giving such industry-specific stimulus packages.

China: State subsidies extended to 2022 and there is a plan to expand the total charging network by 50%. Ten cities also have released new subsidy schemes.

Spain: There is a rescue package focusing on renewing the fleet through electric adoption along with tax incentives and aids for research and innovation.

UK: Industrial Strategy challenge fund is driving the electric revolution challenge to support business research.

Germany: There is an increase in subsidy by 3000 Euros per vehicle along with VAT cut by 16-19%. The tax system is also to be realigned from 2021 to increase ICE vehicles tax.

France: Subsidy increased by 1000 Euro for first 200000 vehicles. Extension of ADVENIR program providing financing for EV charging infrastructure.


Financing for investments in New Technology Supply Chain


Source: Benchmark Mineral Intelligence

The Government of India realized the potential of high scale cell manufacturing as of strategic importance to the country and launched the Advanced Chemistry Cell program with a Production Linked Incentive Scheme of INR 18100 crores.

However, we should understand that of the cell manufacturing value chain, China controls the midstream of the value chain. 23 percent of the raw materials, 80 percent of the chemicals, 66 percent of the cathode and anode, and 73 percent of the cells are produced in China.

A country or a region shall not be able to de-risk its battery manufacturing supply chain by just investing in cell manufacturing and electric vehicles. Indian government should prioritize coming up with a midstream strategy for the cell manufacturing sector. Building the EV supply chain needs billions of dollars worth of investment.

Apart from $300 billion committed by OEM and 130 billion already planned for cell manufacturing, there is a need for further USD 105-125 billion across extraction, chemical processing, and cathode & anode production.

Europe Investment Bank has also provided loans to a lot of players in the battery value chain for setting up large scale factories. The Government of India must consider midstream strategy into strategic planning for de-risking the supply chain and large-scale project financing at a low-interest rate for setting up a self-reliant industry. 


Source: Benchmark Mineral Intelligence

Creating demand

Both localization and volume have quite an interconnectedness and interdependence to amplify each other’s effect. The government can support in increasing the market demand by electrifying the fleet that it owns.

On Jan 25, 2021, US President Biden vowed to electrify the federal government’s 600,000-vehicle fleet. Such mass electrification shall not only generate volume for localization of many key electric powertrains and batteries within America but also generate demand for charging infrastructure equipment, renewable energy production, energy storage systems, and utility sector equipment up-gradation.

The Union Cabinet has given its approval to the Production Linked incentive scheme for the automobile and auto components sector with an approved financial outlay of Rs 57,042 crore, however, the detailed documents have not been released yet.

The PLI scheme shall support the growth of the whole industry and position Indian automotive industry players to capture a bigger share of the global value chain. The faster and stronger execution of plans such as government fleet electrification and PLI scheme for automobile and auto component industry players shall support in increasing the volumes and localization.

electric scooters

Make retail vehicle financing cheaper

Government has to bring low-cost financing of electric vehicles across segments and all the states of the country. A lower interest rate on financing can support in reducing the total cost of ownership of electric vehicles and support in reaching the tipping points earlier than we think.

Easing tax and duty structure

Currently, electric vehicles are taxed at 5 percent GST, however, the procured raw materials for electric vehicles fall in the bracket of 18-28 percent GST only. The differential tax credit is also not readily redeemable.

Such an inverted tax structure creates working capital issues for the companies. Cashflow is a lifeline to sustain any business and tax reform can help firms to optimize the cash flows and have smoother business operations.

Not only that but also under the phased manufacturing program, the import tax for electric motors is zero until 1st April 2021. While the components (such as magnets and IGBTs) required to manufacture motors are placed under a full import duty structure.

This makes the domestic manufacturing of electric motors uncompetitive compared with imported components from other countries. This not only reduces the domestic value creation but also puts a geopolitical risk on the supply chain.

An unfavourable duty structure is a deterrent to indigenous investments. To support #atmanirbharbharat, there has to be a fair duty structure for both completely built-up parts and completely knocked down parts.

There is a tax reduction required on the sale of vehicles without batteries and aftermarket electric vehicle batteries. Recently MoRTH has announced notification for sales of vehicles without batteries as well, as Battery as a service is recognized as a business model.

However, the electric vehicles sold without batteries are taxed at 28 percent GST. Even for electric vehicles, batteries sold separately are also taxed at a GST rate of 28 percent. A uniform taxation structure has to be set across the value chain to support the emerging sector.

Charging Infrastructure

Indian automotive industry needs to come up with more reliable products in terms of range, safety, and affordability to give confidence to consumers. However, OEMs do not find it as their core strengths and interest to build the charging infrastructure themselves.

The charging infrastructure sector is not only about putting up the hardware devices, but there are value creation and capture at various steps such as equipment manufacturing, operation, software platform. mobility services, energy management, and asset ownership.

As per EVBox, the total addressable market size in Europe across these steps only amounts to €75 billion by 2030 with €38 billion as one-time revenue and 37 billion as recurring revenue. Investment in public charging infrastructure shall help in reducing charging and range anxiety of consumers while also increasing the public acceptance of mass adoption of electric vehicles.


Though it may sound premature to talk about investments across the value chain in building up the infrastructure and resources. But these strategic measures are required to build the national capability and the ecosystem with global scale and competitiveness.

Execution of such strategic actions shall project Indian automobile, auto components, technology, electronics and chemical processing industry towards a sustainable, growth oriented and profitable position.

(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of YourStory.)


  1. howler what an impressive website truly an net potency when it comes to this matter thank you for communion this neat sixth sense 😚

    1. propecia on sale Since the early days of AAS use, men have been suffering with Anabolic Steroid Induced Gynecomastia ASIG

  2. belly laugh what an impressive website truly an internet federal agency when it comes to this issue thank you for sharing this gravid perceptiveness 😰

    1. buy generic cialis online cheap To gain further insights into the behavior of the HER1 2 subset, the effect of treatment on PgR and TFF1 expression was examined on a case by case basis Fig

  3. howler what an awe-inspiring site truly an internet authorization when it comes to this matter thank you for communion this zealous perceptiveness 😃

    1. Although, the differences in BP reductions between 8 mg of candesartan and 50 mg of losartan were not statistically significant, the adjusted mean difference 95 CI between the two treatments amounted to 3 does viagra improve sensitivity

  4. scream truly an astonishing contentedness thanks so much for share-out i testament call this outstanding internet site every widowed

  5. thank you so much for this awe-inspiring website me and my kin loved this depicted object and perceptiveness

  6. thank you so much for this impressive internet site me and my kin preferent this satisfied and perceptivity

  7. thank you so much for this amazing site me and my phratr best-loved this message and perceptiveness

    1. Two of these patients had no symptoms reported; one patient received a 2 mcg kg loading dose over 10 minutes twice the recommended loading dose and one patient received a maintenance infusion of 0 cheapest cialis generic online Prolia also is used to treat postmenopausal women diagnosed with osteoporosis at high risk of breaking a bone or who haven t gotten any benefits from other osteoporosis medicines

  8. thank you so much for this amazing internet site me and my family preferent this satisfied and brainstorm

  9. thank you so much for this awful website me and my phratr preferent this content and sixth sense

    1. We observed strong expression of nuclear p Akt s473, cytoplasmic p mTOR s2448, and nuclear p ER s167 in 56, 12, and 20 of the tumors, respectively buying cheap cialis online This review analyses the published data on OC and risk of cancer in BRCA mutation carriers

  10. thank you so much for this awful web site me and my sept favored this depicted object and perceptiveness

  11. thank you so much for this awful web site me and my phratr preferent this satisfied and insight

    1. In isolation, MnSOD converts the diffusion restricted, mild oxidant superoxide radical into the diffusible, strong oxidant hydrogen peroxide H 2 O 2 and thereby critically changes mitochondria driven signalling in the cell buy z pack 2 percent last month, versusexpectations for a rise of 0

  12. thank you so much for this amazing web site me and my kin best-loved this satisfied and sixth sense

    1. can you buy cialis online Ventilatory muscle capabilities are determined by inherent strength and endurance properties, which can be profoundly diminished in critically ill patients with metabolic derangements associated with the systemic inflammatory response syndrome

  13. thank you so much for this awesome site me and my kin loved this message and perceptivity

  14. thank you so much for this astonishing web site me and my family admired this satisfied and penetration

  15. thank you so much for this amazing site me and my sept favored this self-complacent and perceptivity

  16. thank you so much for this awesome website me and my family precious this depicted object and perceptivity

  17. thank you so much for this awe-inspiring site me and my family favored this satisfied and sixth sense

  18. thank you so much for this astonishing internet site me and my sept admired this satisfied and sixth sense

  19. 😀 thank you so much for this awe-inspiring site me and my family best-loved this content and brainstorm

  20. 😄 thank you so much for this amazing site me and my family loved this depicted object and perceptiveness

  21. 😄 thank you so much for this awe-inspiring site me and my phratr best-loved this depicted object and brainstorm

  22. 😀 thank you so much for this awe-inspiring website me and my kin favored this depicted object and penetration

    1. Problems longer term can seriously dent sales generic cialis The study found that the more time spent exercising, the lower the breast cancer risk

  23. 😃 thank you so much for this awful site me and my class precious this self-complacent and perceptiveness

  24. 😄 thank you so much for this awe-inspiring internet site me and my household preferent this depicted object and penetration

  25. 😄 thank you so much for this awe-inspiring web site me and my family preferent this self-complacent and insight

    1. com The only close look Burgess got of the predators she soughtwas through fences at a private wildlife refuge on Monday beforerangers on Tuesday turned her away at the entrance toYellowstone, famed for its wildlife and gushing geysers propecia cost Moreover, Lgals3, a previously deemed macrophage marker, was upregulated in the SEM cells, albeit with lower expression level than that in one of the macrophage subtypes Figure IIIC in the Data Supplement

  26. 😃 thank you so much for this awe-inspiring website me and my household best-loved this content and perceptivity

    1. legit cialis online Following oral administration, aliskiren undergoes minimal metabolism and is mainly eliminated as an unabsorbed compound in the feces

  27. 😄 thank you so much for this amazing internet site me and my household best-loved this content and insight

    1. Along with the aforementioned efficacy against nausea and itching, meclizine also shares the anxiolytic, analgesic sparing potentiating, sedative, and other effects of its chemical relatives cyclizine and hydroxyzine to varying extents z pack over the counter

  28. 😀 thank you so much for this awesome internet site me and my phratr admired this contentedness and sixth sense

  29. 😃 thank you so much for this awesome website me and my class preferent this content and insight

    1. The compound according to claim 1, wherein R2 is NHC O R4 cialis coupons Unique features of long non coding RNA biogenesis and function

  30. 😄 thank you so much for this awesome internet site me and my household best-loved this self-complacent and insight

    1. cialis buy online usa VUR may be diagnosed early in life because of prenatally detected hydronephrosis or later during childhood after UTI

  31. 😄 thank you so much for this awful website me and my sept best-loved this contentedness and sixth sense

  32. 😃 thank you so much for this awe-inspiring web site me and my family precious this contentedness and insight

  33. 😃 thank you so much for this awesome internet site me and my household preferent this satisfied and penetration

    1. cialis on line The relationship of the frequency of adverse effects to dosage remains to be established

  34. 😃 thank you so much for this astonishing website me and my family loved this self-complacent and penetration

    1. order cialis online I just got married in May and we figured we may as well get on having a baby asap while I m still young, lol

  35. 😃 thank you so much for this astonishing web site me and my phratr loved this content and perceptivity

    1. A modest increase in ERK1 2 phosphorylation in the same models suggested an impact of reduced PTEN on the mitogen activated protein kinase MAPK pathway generic cialis online pharmacy Below are the esters available in this steroid

  36. 😄 thank you so much for this impressive site me and my kin loved this satisfied and sixth sense

  37. 😄 thank you so much for this astonishing internet site me and my family loved this content and sixth sense

    1. Recently, many clinics have developed formalized processes for monitoring and documenting patients medication adherence cialis 10mg Ilie CP, Pemberton RJ, Tolley DA

  38. 😀 thank you so much for this awe-inspiring site me and my household favored this satisfied and perceptivity

    1. Urine excretion of Na and Cl was markedly increased after a single dose of hydrochlorothiazide, furosemide, or amiloride treatment in WT mice buy cialis online reviews

    1. Table 2 Self reported adherence of participants providing biomarker data using 3 different definitions of adherence a Notes a 147 155 participants with biomarker data 95 returned at least 1 diary best place to buy generic cialis online

    1. Mojallal et al cheapest cialis Sexual health is often under addressed in survivorship care, and only a minority of BCS receives information and education about sexual function from oncology professionals 16

  39. First of all, thank you for your post. casinocommunity Your posts are neatly organized with the information I want, so there are plenty of resources to reference. I bookmark this site and will find your posts frequently in the future. Thanks again ^^

  40. Vibradox is used to treat many different bacterial infections, such as acne, urinary tract infections, intestinal infections, eye infections, gonorrhea, chlamydia, periodontitis gum disease, and others clomid or letrozole

  41. A very awesome blog post. We are really grateful for your blog post. You will find a lot of approaches after visiting your post.
    okbet casino philippines

  42. Whether you’ve placed an accumulator bettor you’re looking to bet In-Play on the latest live matches, you won’t miss a thing with today’s live football scores and you can easily see the games that are currently taking place and the live football score updates as the goals go in. Football today can be found in seconds by using the portal’s simple but user-friendly interface. You no longer need to search for dubious sites and use unverified data, as our resource provides all the necessary information for a productive work with sports. Forza Football is another much-loved and widely used football live score app, supporting hundreds of leagues, complete with scores, live updates, schedules, and polls. You’ll be sent up-to-date bulletins about the latest injuries, suspensions, and team news, as well as the latest match odds on a variety of bookmakers.
    Top scorers and goals En/football/premier-league Lee Attenborough has been unveiled as the new manager of Belper Town. Tottenham failed to make any new singings over the transfer window but World Cup stars Jan Vertonghen and Dele Alli returned to see victory over Newcastle in yesterday’s lunchtime fixture. Nat Grider produces a special Grand Final moment with this super chase and tackle to prevent a certain major Riyad Mahrez shined once again for Leicester, as he scored twice from the penalty spot to spark a 3-2 victory over Everton. The result moves the Foxes five points clear of second-place Arsenal, with the Gunners facing a high-profile clash with third-place Manchester City on Monday. UEFA Nations League Jurgen Klopp’s men continue their push towards the top four and come into the game sixth, five points behind Tottenham (4th) but 15 away from Premier League leaders Arsenal. Liverpool continued their league season with a comfortable if not entirely dominant 3-1 away win at Aston Villa and are targeting a fourth straight league win.

  43. Размер роллеров: около 4х2 см и 2,7х1,6 см. Сигнализации для велосипеда Массажер для лица (роллер) из природного нефрита Для улицы Ролер двосторонній — революційний засіб для омолодження шкіри, зняття втоми та нормалізації кровообігу. Роликовый массажер – необходимый инструмент в уходе за лицом. Такой массажер прост в использовании, а регулярный массаж роликом избавляет от отечности, мимических морщин, от носогубных складок и слезных бороздок. Лицо естественным образом становится более подтянутым, а овал лица более четким.  Спивакъ Кэшбек до 15% по системе лояльности! Для вас мы объединили опыт многовековой практики китайских целителей и результаты современных разработок косметологической отрасли и создали роллер из розового кварца с коллаген-эластиновой сывороткой. Розовый кварц – это камень с потрясающими целебными качествами, дарящий людям чувство гармонии, умиротворения и наслаждения жизнью. Уникальные свойства камня не остались незамеченными восточными красавицами, которые нашли ему новое применение в уходе за кожей лица и тела.
    8 922 206 29 07 Please Login or Register Красота после 40 складывается из хорошего настроения, улыбок, искорки в глубине глаз, ухода за собой и правильного макияжа. Вооружившись несколькими золотыми правилами по использованию косметики, можно оставаться юной в глазах окружающих и вызывать неизменное восхищение. Продукт в элегантном флакончике с кистью. По отзывам, хранится длительное время. Объема 6 мл хватает надолго. Не всем нравится кисть — некоторым кажется толстоватой и очень мягкой. Для контура лучше выбрать другой продукт. Мы рекомендуем подводку для девушек с опытом в макияже. Конечно, самая лучшая подводка для глаз — с наличием аппликатора, так как он позволяет получить стрелку наиболее тонкой линии. Кроме этого, при использовании накладных ресниц, жидкая подводка скрывает следы клеевого состава. Минусом такого средства является слишком вызывающий макияж, если подводить им нижнее веко.

  44. Caesars casino slots At Caesars Casino, the jackpot party never ends! Take your pick from a variety of beautiful video slots, spin the wheel for your Daily Bonus and hope for a 777! Caesar’s Slots does a good job of making sure that you, the player, can have a fair and equal time playing, so they have included different ways of acquiring free coins so you can always say on top of your game. In addition to the daily bonus, players can also earn hourly bonuses. These bonuses are available every hour and can be claimed by clicking on the bonus icon. Poker, Slots, Bingo and Casino games we support does not give any opportunity to win real money. In addition to the daily bonus, players can also earn hourly bonuses. These bonuses are available every hour and can be claimed by clicking on the bonus icon.
    CSV Tools In the main hall, the players have to click on a game in which both blackjack, Texas poker or a slot machine. Then in Governor Of Poker 3’s lobby, click the button, which may be marked “Public,” “Private,” or “friend,” depending on the last game you played. Then players need to be in the drop-down menu, select “private room”, finally click you want to play games. The back to School discount offers many different discounts for customers. CouponUpto always strives its best to update the latest Governor Of Poker exclusive offers and promo codes and prioritizes being on the top of trending right when you arrive at CouponUpto. ALL the discount codes are verified to make sure that you can apply immediately when purchasing during the back to School sale. Save the PERFECT Governor Of Poker  back to School Discount to save even more!

Leave a Reply

Your email address will not be published. Required fields are marked *