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Commerce and Industry Minister Piyush Goyal“>
Electric vehicle (EV) companies have unanimously agreed that they would no longer need subsidies once the existing subsidy regime ends, commerce and industry minister Piyush Goyal said Friday.
After a meeting with stakeholders from the EV sector on issues pertaining to development of battery charging and swapping infrastructure, he also said that companies are free to choose their own business models- whether they prefer to collaborate and share resources for battery swapping or sell vehicles with their own batteries.
“Everybody was unanimous in the room that once the existing subsidy regime comes to an end, none of them requires the subsidy to grow further…Each sector has one or the other model which makes it self-sustaining and does not call for further subsidies,” Goyal said.
Officials from Niti Aayog, Department of Heavy Industries, Bureau of Indian Standards (BIS), and Department for Promotion of Industry and Internal Trade, among others and representatives from Tata, TVS and Mercedes-Benz India were present in the meeting.
The EV policy offers duty concessions to companies setting up manufacturing units in the country with a minimum investment of $500 million. Besides, there are production linked incentive schemes for auto sector and manufacturing of Advanced Chemistry Cell.
“The electric mobility today is absolutely ready and set to fly. They do not need newer incentives or subsidies, the existing subsidies are available for some more time and will help them give that appropriate kick start to the EV ecosystem,” Goyal said.
On battery charging infrastructure, he said that the Petroleum and Explosive Safety Organization (PESO) has released draft guidelines for installation of multiple EV charging/battery swapping facilities at petrol pumps.
It is suggested to make those guidelines self-monitored and self-certified so that whoever is setting up the charging station will self-regulate those.
“Similarly, we want to encourage resident welfare associations, commercial establishments, office complexes to have electric charging equipment. Charging, swapping or auto companies are ready to do the investments,” Goyal said.
He suggested the EV industry to develop a common app or tool through which people will know the nearest charging stations and other information required for growth of the sector.
Battery swapping
When asked if the government has encouraged industry for battery swapping, Goyal said: “It is the choice of the consumers…Again we have left it for companies to decide their own business model. So if companies want to go along with swapping, they can pool their resources, if they want to seal their own vehicle with their own battery (it is up to them)”.
Emphasizing that each company will have to choose its own path and different companies have different levels of R&D and innovation and some may not want to share their offerings with other companies, he said: “So we believe that it is not the government’s job to micro-manage. The government has already played the role of facilitator.”
“So everybody was on the same page that this industry should be allowed to flourish and fly and the best way is to leave them to decide their own fate,” Goyal said.
On safety standards, he said that the BIS has already notified standards for three- and four-wheelers and now they will notify the same for two-wheelers and standards will keep evolving because this industry has a lot of innovation and R&D.
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EV companies have agreed that they will not require subsidies after the current subsidy regime ends. During a meeting with stakeholders, Commerce Minister Piyush Goyal stated that companies can choose their own business models, whether collaborating on battery swapping or using their own batteries. There’s no need for new incentives or subsidies for the EV ecosystem’s growth.
Read by: 100 Industry Professionals
Read by 100 Industry Professionals
Commerce and Industry Minister Piyush Goyal“>
Electric vehicle (EV) companies have unanimously agreed that they would no longer need subsidies once the existing subsidy regime ends, commerce and industry minister Piyush Goyal said Friday.
After a meeting with stakeholders from the EV sector on issues pertaining to development of battery charging and swapping infrastructure, he also said that companies are free to choose their own business models- whether they prefer to collaborate and share resources for battery swapping or sell vehicles with their own batteries.
“Everybody was unanimous in the room that once the existing subsidy regime comes to an end, none of them requires the subsidy to grow further…Each sector has one or the other model which makes it self-sustaining and does not call for further subsidies,” Goyal said.Officials from Niti Aayog, Department of Heavy Industries, Bureau of Indian Standards (BIS), and Department for Promotion of Industry and Internal Trade, among others and representatives from Tata, TVS and Mercedes-Benz India were present in the meeting.The EV policy offers duty concessions to companies setting up manufacturing units in the country with a minimum investment of $500 million. Besides, there are production linked incentive schemes for auto sector and manufacturing of Advanced Chemistry Cell.
“The electric mobility today is absolutely ready and set to fly. They do not need newer incentives or subsidies, the existing subsidies are available for some more time and will help them give that appropriate kick start to the EV ecosystem,” Goyal said.
On battery charging infrastructure, he said that the Petroleum and Explosive Safety Organization (PESO) has released draft guidelines for installation of multiple EV charging/battery swapping facilities at petrol pumps.
It is suggested to make those guidelines self-monitored and self-certified so that whoever is setting up the charging station will self-regulate those.
“Similarly, we want to encourage resident welfare associations, commercial establishments, office complexes to have electric charging equipment. Charging, swapping or auto companies are ready to do the investments,” Goyal said.He suggested the EV industry to develop a common app or tool through which people will know the nearest charging stations and other information required for growth of the sector.Battery swappingWhen asked if the government has encouraged industry for battery swapping, Goyal said: “It is the choice of the consumers…Again we have left it for companies to decide their own business model. So if companies want to go along with swapping, they can pool their resources, if they want to seal their own vehicle with their own battery (it is up to them)”.
Emphasizing that each company will have to choose its own path and different companies have different levels of R&D and innovation and some may not want to share their offerings with other companies, he said: “So we believe that it is not the government’s job to micro-manage. The government has already played the role of facilitator.”
“So everybody was on the same page that this industry should be allowed to flourish and fly and the best way is to leave them to decide their own fate,” Goyal said.
On safety standards, he said that the BIS has already notified standards for three- and four-wheelers and now they will notify the same for two-wheelers and standards will keep evolving because this industry has a lot of innovation and R&D.
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