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Q. R & D on electric vehicles: Comment on governments move to fund for research and development in electric vehicles.
Jan 14, 2017 Related to : GS Paper-3

Ans :

Introduction-

Recently the union government has decided to fund up to 60% of the research and development (R&D) cost for developing indigenous low-cost electric technology that will help power two and three wheelers and commercial vehicles operating in public spaces, a move aimed at reducing pollution. 

Analysis-

  • The government wants to follow a consortium approach to design common standards and modules that can then be gainfully scaled up by several producers, to cut down costs and step-up resource allocation.
  • In India across all sector, the expenditure on research and development as share of national income remains low compared not just to the ratio in the mature markets but also peer economies.
  • India needs a focused technology policy for e-vehicles. Electric mobility will act as alternative to cut pollution and it will also boost Make in India initiative.
  • Low-cost electric technology will help in replacing petrol and diesel-run vehicles, which are currently used as public transport. 
  • The initiative will helps in making the hybrid and electric vehicle market in India self-sustaining by increasing domestic capacities for product and technology development. 

Conclusion-

The government’s initiative to fund for research and development in electric vehicles is welcome move. It will help to create self sustaining electric vehicle market. The move aimed at reducing pollution by promoting the electric vehicles in India. 

 


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