sector recognition to evs priority sector inclusion has the potential to increase experience and confidence of financial institutions for enhancing retail lending to evs and should be strongly considered by the government along with interventions like interest subvention and risksharing mechanisms especially for commercial vehicles and fleetsanother key area where there could have been a focus from the budget was specific support for small and medium ev industry players while the auto pli scheme has set the stage for investments in ev supply chain and production it has excluded players that do not meet the high company turnover criteria there is a need to design interventions that spur small and medium players and provide an equal opportunity of availing benefits of government schemes to all players alikethere was also an opportunity to call attention towards a skilling program for evs and other clean mobility technology products with increasing demand and investments the requirements for a skilled workforce in the ev sector can only be expected to grow a mission mode focus on skill building hence is necessary at this stage to support manufacturing and aftersales an early identification and investment from government can ensure timely readiness and help capture the opportunity of green jobs that come along with the ev transition facilitating public and private investments into skilling reskilling upskilling research and development especially for batteries and innovation hubs at this stage will help reach the desired levels of preparedness for a just ev transition while ensuring local innovation and technology developmentindia is at a stage where the leapfrog from ice vehicles to evs is just beginning government has provided a significant initial push for this leapfrog but as we set higher ambition and aggressive targets that help india meet its cop commitments the transition to evs will ask much more from both the public and private sector as the government continues its push and support through enabling policies and budget outlays it may also need to announce some tough measures like an ice phaseout timeline stricter taxation on iceice fuels and supplyside mandates these will be equally critical to reach the inflection points sooner than later as witnessed in all global markets that have been able to achieve high ev penetrationsthis piece was authored by akshima t ghate sr principal rmi indiaalso readbudget 2022 auto cheers for evs with battery swapping policy but cars scooters wont get cheaperthe focus will be on promoting clean tech and electric vehicles in the public transportation space according to the fm see more details etenergyworld published on feb 7 2022 at 1257 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry