Can India catch-up with the rest of Asia in EV production?

The year is 2023. A Singapore resident decides to buy a car. Not just any car but the latest electric vehicle (EV) produced by the new gleaming high-tech Hyundai factory in Jurong, an industrial town in Western Singapore. She whips up her smartphone and personalises her new car.

She surmises that cream colour seats, a shocking pink exterior coat plus the performance model which can go from 0 to 100 km/h in 3 seconds would be nice and proceeds to make payment using her bitcoin account. The next day, she heads out to Jurong to watch the factory put the final touches on her brand-new ride and proudly drives her car to show off to her friends at Marina Bay Sands.

This may sound a little like fantasy, but it could materialise in the near future.

Last week, it was reported by Reuters that the Indian government is planning to ramp up incentives to spur electric car manufacturing investments in the country with the aim of catching up with leading EV producing nations.

ET Energy World
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