Japanese two-wheeler major Yamaha is closely looking at development of enabling factors like charging infrastructure and battery production before entering the electric vehicle segment in the country, according to a top company official.
The company noted that the success of electric vehicles (EVs) solely depends on the acceptance of customers at large, which is only possible with proper availability of infrastructure, charging stations, battery production and swapping infrastructure for electric vehicles.
“While we welcome and appreciate the new EV policies being introduced by state governments to strengthen the demand for EVs, via attractive subsidy and incentive schemes, there are bigger challenges related to investments.
