The Asian giant is making a major strategic drive to bolster its home-grown electric carmakers and battery manufacturers.”Chine controlJohansson added that a major push by China in lithium was putting a spotlight on global supply.Peru - a major copper producer - is also looking to edge in on the action.The new Niti Aayog report, co-produced with U.The report's wholesale GEL batteries focus solely on electric vehicles marks a shift away from the current policy that incentivises both hybrid vehicles - which combine fossil fuel and electric power - and electric cars, and is worrying some automakers."This is one of the most radical changes the government is talking about," said Gupta.Despite incentives as high as 140,000 rupees ($2,175) on some cars the scheme has made little progress, with the sales of electric and hybrid cars making up only a fraction of the 3 million passenger vehicles sold in India in 2016.
Puneet Gupta, South Asia manager at consultant IHS Markit, said the government would need to lead the change with generous incentives to achieve its goal.It also recommends setting up battery swapping stations by 2018, common manufacturing facilities for components and increasing subsidies on all battery electric vehicles to bring them to cost parity with conventional models by 2025.A draft of the 90-page blueprint, seen by Reuters, also suggests the government opens a battery plant by the end of 2018 and uses tax revenues from the sale of petrol and diesel vehicles to set up charging stations for electric vehicles.
Officials acknowledge the blueprint faces challenges.Mahindra & Mahindra is the only manufacturer of electric vehicles in India."If we accelerate electric vehicle growth it will be a disruption for the auto sector and would require investment, but if we're not able to adapt quickly we risk being net importers of batteries," said a government source involved in the plans. consultancy Rocky Mountain Institute, outlines a 15-year plan, broken into three phases starting in 2017."India's top-selling carmaker Maruti Suzuki has invested in so-called mild-hybrid technology, which makes less use of electric power than full hybrids, while Toyota Motor Corp sells its luxury hybrid Camry sedan in the country.India's plan to leapfrog hybrid technology comes after China announced aggressive measures last year to push sales of plug-in vehicles including subsidies, research funding and rules designed to discourage fossil-fuel cars in big cities."
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