Delhi is seen at the forefront of the EV revolution across the nation but the green mobility revolution has been sitting on the fence for a while now. Whilst the Delhi EV policy is considered the most comprehensive EV policy in India focusing on both demand creation and ecosystem development there are still some issues at the supply side causing speed bumps on the smooth #Road2EV for the state.
There are a lot of challenges that the EV manufacturers face, from limited resources to bureaucratic setbacks. We list down some of the top supply challenges for you.
EVs and charging infrastructure go hand in hand, for some it might be described as the chicken and egg problem. One cannot exist without the other, the question always is what comes first, do we wait for the cars to hit the road to set up the charging network or do we develop the infrastructure first and take the risk of cars hitting the road later. Such situations require a certain extent of government intervention not just in form of short-term incentives like the Delhi government is promising to offer but also some form of strong first-step where-in the government can invest in the first lots of charging infrastructure in order to get the ball rolling. With a bit of uncertainty on setting up public charging stations, this is the right time for the government to make a bold move and assure the public of their own belief in the new EV revolution.
The public and private banking industry is still very adamant towards funding and financing electric vehicles or projects related to them. This is an expected anticipatory anxiety towards the new technology however it’s been long since EVs are running on Indian roads and have been performing well. The government should push the finance infrastructure of the state to ease the access of finance for retail EV buyers and corporate funding projects related to electric vehicles.
Whilst we are fully aware about the newness of the EV technology in our country, it does cause a lot of setbacks and delays in the time it takes to process documents regarding EVs. Starting from model approvals to policy regarding subsidies and taxation, the government needs to enhance the R&D infrastructure at their end in order to improve the speed at which things move forward in the supply chain.
Even though we see the Delhi government promising EV policy to bring about the right change that will take the state on the #Road2Ev, however the slowness and the speed bumps need to be tackled in order to make sure that Delhi actually becomes the EV capital of India.
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