You are here: Home » News-IANS » Business-Economy
Business Standard

Comprehensive action plan needed for electric vehicle segment to grow: Survey

IANS  |  New Delhi 

A comprehensive action plan is required for the (EV) segment to grow in India, according to a study.

"Conducive policy environment for market creation, and setting up of a for can drive electric mobility in India," an statement said on Wednesday quoting the study.

"A long-term and sustainable policy framework is necessary for the creation of a vibrant EV ecosystem in India," it said.

The joint-study by and stressed upon the need for a comprehensive action plan to work on three aspects -- consumer acceptance, cost reduction and charging infrastructure for

The report recommended government support, the supply of raw materials independent of China, indigenised manufacturing of components for the vehicles among others for the sector to grow.

A pan-charging infrastructure, consisting of home and public charging stations, will provide the necessary push to stimulate demand for electronic vehicles, it said.

--IANS

rrb/and/rn

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 14 2018. 15:02 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU