Move to boost EV ecosystem to be game-changer: Industry

Vijay C Roy

Chandigarh, February 1

Union Finance Minister Nirmala Sitharaman said today that the government would expand green mobility by enhancing the electric vehicle (EV) ecosystem and providing more entrepreneurship opportunities to the youth. This will develop the EV sector and startup ecosystem, generate employment and will be a positive step towards climate action.

According to experts, the overall outlook of the Centre towards the EV sector looks positive as the government has pledged support for the expansion and strengthening of EV manufacturing and charging infrastructure.

Akash Gupta, co-founder and CEO, Zypp Electric, said, “We applaud government’s commitment to nurture the EV ecosystem. The allocation of resources towards the development of a robust infrastructure signifies a pivotal moment for our nation. The Budget not only encourages entrepreneurship but also opens doors for a multitude of vendors, providing ample opportunities for supply and installation services. The emphasis on supporting manufacturing and charging infrastructure not only aligns with our company’s mission but also ensures a sustainable future for the entire EV industry. Additionally, the focus on creating employment opportunities for the youth, particularly those with technical skills in manufacturing, installation, and maintenance, will catalyse innovation and growth.”