EV Progress and Challenges in India
EVs: Imperative for India Electric vehicles have emerged as a promising agent of change to achieve net-zero targets. The rate of growth in India is encouraging, with a rise in the 2-W adoption rate of 5.97% in 2024-25, the country is ready for raid expansion and high EV adoption, further to 30% by 2030 (national target). as per S&P Global Mobility report India's passenger EV production has significant increase of more than 20% to about 125,500 units. The Government of India's schemes, such as FAME-1 and FAME-II, Production Linked Incentives (PLI) , are encouraging industries to make indigenous EV parts and advanced tech and bringing in more investment. Moreover, in March 2024, they made a pretty significant move by dropping import taxes on pricier EVs if the companies agree to invest in local manufacturing. The recent Budget 2025 also incentivises companies manufacturing batteries in the country. All these efforts seem to be setting the stage for a big jump in EV s...