CII: Amitabh Kant said - there is a need to accelerate the adoption of electric vehicles, it is important for India to become an EV nation

G20 Reserve for India Electric vehicle (EV) adoption in India has to happen immediately, according to Amitabh Kant. Along with the contributions of private businesses in the industry, he admired the government's initiatives and reforms. Today, in New Delhi, Kant took part in the Annual Business Summit 2024. He stated that a lot of things would be done in the next five years during this time.

After the event, while giving an interview to a media agency, Amitabh said that it is very important that we accelerate the pace of electric vehicles in two-wheelers and three-wheelers. The government has already allocated Rs 57,613 crore for the purchase of 10 thousand electric buses. He predicted a surge in the manufacturing of electric two-wheelers, three-wheelers and buses.

Highlighting the Production Linked Incentive (PLI) scheme, Kant said that I think this will be the next big thing. Bidding has been done for a production incentive scheme for battery manufacturing. You will find many companies manufacturing batteries in India, from Tata to Reliance and from Maruti to Exide. He said that many companies are manufacturing batteries. This development will be the next big component. Kant said that our aim is that by 2030 India should become completely electric in terms of two-wheelers, three-wheelers, and buses. We need to ensure that India becomes an electric vehicle nation.

The G20 Sherpa further said that electric vehicles are important to make India a leader in green technology and sustainable development. He also praised the companies playing a role in EV production. He further said that the policy has also been opened to international companies to manufacture four-wheelers with lower duty rates but they should invest in India.