Addressing the nation from the ramparts of the Red Fort on the 75th Independence Day, Modi said that from solar energy and bio fuels to adoption of electric vehicles (EVs), the country needs to “reach the next level for energy independence”.
Modi’s push for EVs comes as the electric two-wheeler industry is facing scrutiny over battery explosions and fire incidents that have led to several government probes.
In a recent webinar on ‘Make in India for the World’, the prime minister asked the industry to tap growing opportunities in areas like semiconductors and EVs.
“Aatmanirbharta is all the more important if we see through the prism of national security. The private sector needs to be more ‘vocal for local’,” he emphasised, asking the industry to boost domestic manufacturing in the EV sector.
In his recent meeting with Suzuki Motor Corporation ‘s senior advisor Osamu Suzuki in Tokyo, Modi discussed investment opportunities in India, including setting up production facilities for electric vehicles and batteries.
The prime minister has emphasised that by 2030, India’s economy would cut the intensity of greenhouse gas emission by 45 per cent of what it was in 2005.
NITI Aayog has forecast that by 2030, nearly 80 percent of the two- and three-wheelers, 40 percent of buses, and 30–70 percent of the cars will run on electricity.
India’s transition to the electric mobility system can save Rs 20 lakh crore by 2030 on oil imports alone.