Push EV Parts Production
PM E-Drive to Have Phased Mfg Plan to Push EV Parts Production
Extract from the Article:
The PM E-Drive scheme aims to implement a phased manufacturing plan to boost the production of electric vehicle (EV) parts. This strategy involves increasing the local content requirement for EVs to encourage domestic production.
The proposal outlines a gradual approach, starting with a minimum of 50% domestic content in the first year, rising to 60% in the second year, and finally reaching 70% in the third year. By strategically pushing for higher local content, the scheme aims to drive the growth of EV parts manufacturing in India.
My Take:
PHASED MANUFACTURING PROGRAM FOR ELECTRIC VEHICLES
"Reflecting on my previous blog about the mandatory local content requirements for electric vehicles, it's intriguing to see how the proposed phased manufacturing plan aligns with the vision I had presented years ago.
The gradual increase in domestic content mirrors the approach I had suggested for boosting indigenous manufacturing in the EV sector."
ELON, You have missed the Bus / by 5 YEARS
"In light of the phased manufacturing program outlined in the recent article, it's evident that the emphasis on promoting indigenous manufacturing echoes the essence of my earlier blog.
The structured approach to enhance value addition and capacity building through graded duty structures resonates with the strategies I had highlighted years ago."
Call to Action:
To the policymakers involved in the PM E-Drive scheme, I urge you to continue fostering a supportive environment for domestic EV manufacturing.
Encouraging collaboration between industry stakeholders and facilitating innovation in EV parts production will be pivotal in driving India towards becoming a global leader in electric mobility.
With regards,
Hemen Parekh
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