With the vision to produce nearly six to seven million electric vehicles units, both four wheelers and two wheelers in India by 2020, and to help the industry survive and surmount from its current difficult phase, the Society of Manufacturers of Electric Vehicle (SMEV), a nodal agency for the electric vehicle industry in India, has appealed to the government for its support.
The society has identified some key issues, which will require the government's intervention in terms of making strategic policies, announcements and allocating funds from the upcoming Union Budget 2015-2016.
At present, the e-vehicle industry is battling for its survival and has gone through one of the most difficult times in the last few years. Astoundingly, the number of players has come down to five from 28 and more than 400 dealerships have been closed down.
"The (National Electric Mobility Mission Plan) NEMMP 2020 which was rolled out in 2013 showed a ray of hope to three-vehicle industry, but could not be implemented yet. We expect the forthcoming budget to create a favourable and stable policy environment to revive the industry and help in promoting the growth of the e-vehicle industry," said SMEV Corporate Affairs Director Sohinder Gill.