Introduction
As part of its continuous efforts to promote the Electric
Vehicle (EV) sector in India, the Indian
government unveiled a scheme i.e., "Scheme to Promote
Manufacturing of Electric Passenger Cars in India"
(Scheme) last week. According to the Indian
government, this Scheme is expected to encourage investments in
India, generate employment, and promote the "Make in
India" campaign by fostering domestic manufacturing
capabilities in the EV sector.1
This note provides a high-level overview of the Scheme, along
with a snapshot of India's import and export performance in
electric passenger cars i.e., electric four-wheelers
(e-4W), key considerations arising out of the
implementation of the Scheme as well as the pivotal role the Scheme
may play towards sustainable mobility and India's
competitiveness in the global market.
