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EV growth is the start of a silent revolution, says Modi


PM Modi also outlined the steps taken by the government to strengthen the EV ecosystem in the country. One of the features of EVs is that they are silent, he said at a programme marking 40 years of Suzuki in India.

Prime Minister Narendra Modi on Sunday described the growth in adoption of electric vehicles (EVs) in India as the start of a silent revolution.


The prime minister also outlined the steps taken by the government to strengthen the EV ecosystem in the country. One of the features of EVs is that they are silent, he said at a programme marking 40 years of Suzuki in India.


“Be it two-wheelers or four-wheelers, they don’t make any noise. This silence is not only about its engineering, but it is also the beginning of a silent revolution in the country," Modi said.

Various incentives, such as rebates in income tax and simplifying the loan process, are being provided to EV buyers as part of the government’s efforts to boost the EV ecosystem in the country, he said.


“To boost supply, work is also being carried out at a fast pace to introduce production linked incentive schemes in automobile and automobile components manufacturing," the Prime Minister said.


A battery-swapping policy has also been introduced, Modi said. The EV sector will progress with the strengthening of supply, demand, and the ecosystem, he said.


Modi appreciated Maruti Suzuki for working on biofuel, ethanol blending, and hybrid EVs and suggested that Suzuki start work on projects related to compressed biomethane gas.


Japan’s Prime Minister Fumio Kishida conveyed his greetings on the occasion through a video message and said that the growth of Maruti Suzuki over four decades embodies the robust economic ties between India and Japan. He lauded the Suzuki management for recognizing the Indian market’s potential. “We owe this success to the understanding and support of the people and government of India. Recently, Indian economic growth has been further accelerating because of assistance measures for the manufacturing sector guided by the strong leadership of Prime Minister Modi," he said.

Read More at www.livemint.com/economy/ev-adoption-beginning-of-silent-revolution-in-india-says-modi/amp-11661699610912.html


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