BRICS CCI

I International Congress on "Electric Vehicle Market 2018"

Electric Vehicle Market 2018

Posted on 2018-06-18 12:07:35 by brics

Global Automotive industry is witnessing major structural changes as globalization has resulted in new business alliances and industry–academic–government partnerships. Technology is major contributor to these structural changes with some of these technologies being futuristic while others are nearing commercial production. This paradigm shift from Internal Combustion Engine based automotive to alternate electric based system is fast changing the global mobility landscape.

According to Director General BRICS Chamber of Commerce and Industry Dr B.B.L. Madhukar, “India shall have more than 22 models of electric vehicles in the market by 2020. This will minimize pollution and save billions on imports of oil and gas. India needs to start charging stations at millions for which required steps are yet to be initiated. This alone shall generate four million jobs”.

Our mission was to bring key stakeholders in the EV market ecosystem on one platform to sketch a detailed implementable strategic plan for effective and efficient EV market development. As part of the mission we conducted an “International Congress on Electric Vehicles Market” on May 25, 2018 at India International Centre, 40, Max Mueller Marg, New Delhi, India.

According to ANS MarketPro, an international market research firm, to make electric vehicles market in commercially self-sustainable key stakeholders in the EV market ecosystem viz. Vehicle manufacturers, Component suppliers, Power Utilities, Mobility providers, Government Policy and Regulatory Institutions et al will need co-ordination and collaboration.

The main themes of the Congress include Key Enablers for faster adoption of Electric Vehicle in the masses, Shifting Automobile across Technology Paradigms, Economic Viability of Commercial Electric Vehicles, Why Policy and Regulations hold the key?, Information Technology for Connected e-Mobility and Supply Chain Management.

The key participants in the conference included government officials, Honourable Minister of State, Ram Kripal Yadav, Minister of State for Rural Development, Government of India, Ms. Meenakshi Lekhi, Member of Parliament, Lok Sabha, Mr. Anil Srivastava, Adviser (Transport) & DG, DMEO - NITI Aayog and representation from Energy Efficiency Services Limited (EESL).

The conference had participation from industry bigwigs VE Commercial Vehicles Limited (JV of Volvo Eicher), BYD India, Ashok Leyland Limited, Society of Manufacturers of Electric Vehicle (SMEV), Trade and Investment Commissioner, Flanders Investment & Trade, Embassy of Belgium, Micromax Energy Limited and Microsoft.

India Electric Vehicle market is expected to gather steam with recent draft plan of the Government of India to provide Rs. 9400 crore sops for buying clean vehicles and Ministry of Power removing the constraint of licencing for putting Electric vehicles charging stations.