Union Budget 2023: Increased focus is necessary to create an efficient indigenous EV industry, which has to be a policy priority. Over the past three decades, India emerged as a key global player in the Internal Combustion Engine (ICE) market. With global move towards EVs in preference to ICE, it is essential that India makes that transition quickly to create a robust home and export market. Unfortunately the EV ecosystem including the materials, supply chain and operating infrastructure has very different characteristics from ICE.
