ISSN: 2455-0353
Pollution is becoming a worldwide phenomenon which India is also facing. This problem is resulting in a plethora of problems like breathing and lung diseases, global warming, changes in weather cycles and extremes of temperature among others. Vehicular pollution is one of the major contributing factorsfor the same. To take care of this rising vehicular pollution, the Ministry of Road Transport and Highways and NITI Aayog has announced that we should increase the share of sold electric vehicles from 1% to 30% by the end of 2030. Electric vehicles (EV) will not only result in a reduction in vehicular pollution but will also reduce the running cost to the vehicle owner. Despite these two major advantages of EVs, India is not seeing an increase in the manufacture and sale of these vehicles. There are a numberof problems faced by consumers like very high vehicle cost, no charging infrastructure, etc. For manufacturers it is a capital-intensiveproject,there is a lack of trained personnel, etc. The study aims to find out government’spolicies in support of EVs. The focus of the study is how government policies like FAME I & II, PLI, technology innovation platform under the capital goods scheme, concessions in customs duty on imports and softer loanscanbe used to resolve the issues currently being faced. India needs to become aatmanirbhar in the manufacturing of EVs. Measures like setting up of organisations for research and development with all EV start-ups as members who can divide the cost of research and development amongst themselves are suggested. The paper also throws light on Government initiatives to increase the demand of EVs by giving subsidies, tax concessions and building the infrastructure of charging stations.