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Impetus from the government along with technology adoption has certainly facilitated the implementation of EVs in India, which is reflected in the threefold rise of EV sales between FY 2020-21 and FY 2021-22. Since the announcement of the above scheme, various local and multinational manufacturers have started setting up battery manufacturing projects in India. The outlay for this scheme is Rs18,100 (approximately $2.27 billion) for five years.
PLI schemes provide incentives for manufacturing in India. With batteries being one of the most important parts of an EV, the government also approved the Product Linked Incentive (PLI) scheme for advanced chemistry cell battery manufacturing on. This policy covers electric and hybrid technologies, including mild-hybrid, strong-hybrid, plug-in hybrid and battery EVs. It launched Phase 1 of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) programme in April 2015, closely followed by the second phase commencing in April 2019 with a budget of Rs10,000 (approximately $1.25 billion) for five years.
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To this effect, adoption of EVs has been one of the main focuses of the government. Keeping up with global trends and initiatives, the Indian government has also taken up the cause and has been focusing on maintaining energy security interests and its commitments under the global climate change agreements. The numbers indicate that there has been robust activity in this technology space from 2015 to 2020, with a slowdown in 2020-21, possibly due to the impact of covid-19 on global business and supply chains.įigure 1: EV technology patent publishing trends from 2015 to 2022 (July) for China, Europe, Japan, Korea and the United States of America (Derwent World Patents Index) Figure 1 shows the trends in filing of patents relating to EV technology - observed to be increasing from 2016 until 2022 - in various regions such as the United States, Europe, Japan, Korea and China. Global consensus and policy tweaking has put innovation in the EV sector on a fast track and the resulting IP protection is not far behind. Consequently, the past few years have seen rapid development of electric vehicle (EV) technologies. Countries around the globe have started realising that a fundamental shift in transportation norms is required to reduce overall greenhouse gas emissions, and thus many nations have already set targets for phasing out internal combustion engine-based vehicles completely by the next decade. Although India’s emission standards are aligned with global ones, the rapid increase in the number of vehicles on the roads is cancelling out any benefits of the tightening of rules around carbon emissions.Įmissions from the transportation sector account for one third of the total greenhouse gas emissions in the developed world. With approximately 300 million registered vehicles in India running on fuel sourced from crude oil, pollution from automobiles is a significant contributor to the perceptible deterioration in air quality. Every year, India finds itself in the unenviable position of having some of the most polluted cities in the world.