As the Indian government moves forward to make homegrown EVs a reality to lessen the dependency on imported EV technology, it is moving ahead to revolutionise the EV business. This move is a bold one that supports the country’s Atmanirbhar Bharat agenda and aims to make India a global leader in EV research and development and production.
Homegrown EV Technology – A Leap Toward Self-Reliance
The Department of Science & Technology (DST) has announced a mega-program of battery technologies, power electronics, and charging infrastructure. Launched under the Anusandhan National Research Foundation (ANRF) Act, 2023, this scheme will ensure healthy domestic EV production ecosystem.
A Financial Push for Innovation in EV Technology
In this regard, with Rs 14,000 crore allotted for research in next five years, the government intends to fuel industry-academic collaborations. That funding should support local manufacturing to reduce reliance on Chinese-controlled supply chains. The investment shows India’s commitment to develop a self-sustaining EV market.
Ambitious Targets for 2030
In India, ambitious EV adoption goals have been declared till 2030. Estimates for 30 per cent in private vehicles, 70 per cent in commercial cars, 40 per cent in buses, and 80 per cent in two-and three-wheelers. : In the event that it’s realized, 80 million EVs would be travelling on Indian roads by the end of the decade.
A Huge Market with Huge Opportunities
Minister of Road Transport and Highways, Nitin Gadkari said that the EV market in India could grow to Rs 20 trillion and create 50 million jobs by 2030. EV battery market is expected to hit $27.70 billion by 2028 alone and 1.32 million charging stations across the US.
R&D at the Heart of Change
This government’s research agenda contains both short-term objectives, such as creating the basic battery components within three years, and long-term targets to create power electronics and charging technologies in five years. Industries will pay at least a 10 per cent of the R&D cost, supporting collaborative expansion.
Building a Sustainable Future
Secretary of DST Abhay Karandikar emphasized the need to promote research and innovation. With strategic support from ANRF, the programme is also aimed at positioning India as the market leader in sustainable transport solutions.
A Paradigm Shift in Manufacturing
The move here is from import dependence to local creativity. India is not only growing its economy but also making way for a clean and sustainable future by building domestic solutions.
The Road Ahead
India will become the green tech powerhouse, with EV revolution picking up pace. It is a program that marks the country’s turning point — one that could lead to it becoming a global leader in electric transportation, while also curbing its carbon emissions and import charges.
This self-reliance movement is already in full swing and everything is now pinned to India’s roadmap for electrifying its transportation system. Will India’s push for domestically developed EV technology lead the nation to a cleaner future?
