At least half-a-dozen public sector firms, the railways and various ministries are in the process of creating infrastructure and manufacturing components for electric vehicles (EVs).
By one estimate, the size of the EV market in 2030 would be Rs 42,000 crore. Hence, significant investment is being mobilised, in the private sector, too, to manufacture and install EV supply equipment infrastructure. This includes charging and battery swapping technologies, says the NITI Aayog.
Plans are underway to fuel EVs with clean power. Industry players are also exploring solar-plus-EV technology. Indian Railways has decided to allocate space for EV charging places at their station parking lots, with private sector participation. Read More