PM Modi emphasizes on adopting electric vehicles

Electric Vehicles

Emphasizing on his electric vehicle (EV) dream, Prime Minister Narendra Modi on Monday said the country needs to be ‘self-reliant’ in its energy sector. Addressing the nation from the ramparts of the Red Fort on the 75th Independence Day, Modi said that from solar energy and biofuels to adoption of electric vehicles (EVs), the country needs to ‘reach the next level for energy independence’ .

Modi’s push for EVs comes as the electric two-wheeler industry is facing scrutiny over incidents of battery explosions and fires, which have led to several government investigations.

In a recent webinar on ‘Make in India for the world’, the Prime Minister asked the industry to tap the growing opportunities in sectors such as semiconductors and EVs.

Emphasizing on the industry to boost domestic manufacturing in the EV sector, he said, “If we look at it from the prism of national security, self-reliance is more important. The private sector needs to be ‘vocal for local’.”

In his recent meeting with Osamu Suzuki, senior advisor to Suzuki Motor Corporation in Tokyo, Modi discussed investment opportunities in India, including setting up production facilities for electric vehicles and batteries.

The Prime Minister has emphasized that by 2030, India’s economy will cut the intensity of greenhouse gas emissions by 45 percent compared to 2005.

NITI Aayog has estimated that by 2030, around 80 percent of two-wheelers and three-wheelers, 40 percent of buses and 30-70 percent of cars will run on electricity.

India’s entry into the electric mobility system could result in savings of Rs 20 lakh crore by 2030 on oil imports alone.

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