In markets where EVs have achieved significant penetration, the drive came from either huge ‘incentivisation’ schemes, or strict CO2 regulations.
Rising anti-Chinese sentiments may push automakers’ electric vehicle (EV) plans on to the slow lane, with imports from the country set to hit a snag. Incidentally, the world’s biggest component makers for EVs are Chinese.
Market leader Maruti Suzuki (MSIL) says the impact could be offset by strong state support for other technologies like hybrids, which the industry has been pushing for but hasn’t received.
C V Raman, senior executive director (engineering) of MSIL, said: “The government is primarily supporting battery electric vehicles (BEV), whereas equivalent support to other EV technologies (strong hybrid and plug-in hybrid) is missing. Further, the industry has worked for three decades to establish an internal combustion engine (ICE)-based ecosystem, because of which we achieved very affordable cost
First Published: Jun 22 2020 | 9:43 PM IST