Self-Reliance in the Electric Vehicle Ecosystem in India: the Path to Aatmanirbhartha
Shrihari Karanth1, Vidya Bhat2
1Shrihari Karanth, Research Scholar, Department of Studies in Commerce, Davangere University, Davangere.
2Vidya Bhat, Research Scholar, Department of Studies in Commerce, Davangere University, Davangere.
Manuscript received on 03 February 2022 | Revised Manuscript received on 11 March 2022 | Manuscript Accepted on 15 May 2022 | Manuscript published on 30 May 2022 | PP: 60-63 | Volume-2 Issue-1, May 2022 | Retrieval Number: 100.1/ijef.G169410070324 | DOI : 10.54105/ijef.G1694.02010522
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© The Authors. Published by Lattice Science Publication (LSP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Environmental pollution is currently a paramount global concern. In recent years, governments worldwide have shifted their focus towards developing the electric vehicle (EV) ecosystem in emerging economies to mitigate harm to the natural environment. This paper centers on examining India’s EV ecosystem. The research reveals that while EV sales are experiencing triple-digit growth, the establishment of a robust support infrastructure lags behind. Notably, the ratio of public charging stations to EVs sold in India is significantly inadequate. To emerge as a leader in the EV industry, India must invest in cutting-edge technologies such as lithium cell manufacturing and fast charging infrastructure. Additionally, prioritizing research and development (R&D) is imperative for achieving self-reliance Aatmanirbhar in the EV ecosystem.
Keywords: Electric Vehicle, Technology, Self-Reliance, Lithium Cell.
Scope of the Article: Economics