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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