Auto makers to focus on EVs once economy revives post coronavirus
In the aftermath of the covid-19 pandemic established vehicle manufacturing companies will increase investment in research and development of electric vehicles (EVs) and in the next few years, share of such zero emission vehicles as part of the total vehicle sales in India is expected to increase, said Maxon Lewis, managing director, Majenta Power, a startup which develops electric vehicle charging stations.
The Narendra Modi government has been pushing for electric mobility as it looks to transform India’s energy landscape to keep with its climate change commitments.
In 2019, the Indian government earmarked ₹10,000 crore to encourage development, manufacturing and usage of electric vehicles though the Faster Adoptions and Manufacturing of Electric Vehicles (FAME) scheme.
