<p><em><strong>By Mr Amit Gupta</strong></em></p>.<p>The need of the hour is to promote and make EV's the preferred mode of public utility vehicle and hence it is important to create a framework for making affordable debt capital available to EV startups. Electric mobility can go a long way in reducing air and noise pollution in urban areas. The government and especially nationalized banks can collectively work together to support startups and companies in the segment.</p>.<p>Hence Government's consideration of loan guarantee schemes to encourage banks to lend to EV manufacturers and operators, with parity on lending terms would go a long way. The need of the hour is to promote mobility as a service using EVs. Infrastructure for ease of use of EV like charging kiosks and Non-Motorized Transport (NMT) Lanes within 5 Km of all current/future metro stations are key factors to boost the demand of EV usage.</p>.<p>We also recommend that incentives must be given for purchasing ‘low speed’ EVs as this will enable the sustained provision of affordable and environment-friendly transportation options for the masses.</p>.<p>Overall, we recommend a national policy on parking infrastructure for shared mobility and a mechanism to unblock input credits which will lower the cost of operations. We also urge standardizing lithium-ion batteries to promote swapping infrastructure. Further, we suggest rationalizing GST rate on critical components of an EV like the battery or propose schemes to boost local production of batteries.</p>.<p><em>(The author is the CEO and Co-founder of Yulu)</em></p>
<p><em><strong>By Mr Amit Gupta</strong></em></p>.<p>The need of the hour is to promote and make EV's the preferred mode of public utility vehicle and hence it is important to create a framework for making affordable debt capital available to EV startups. Electric mobility can go a long way in reducing air and noise pollution in urban areas. The government and especially nationalized banks can collectively work together to support startups and companies in the segment.</p>.<p>Hence Government's consideration of loan guarantee schemes to encourage banks to lend to EV manufacturers and operators, with parity on lending terms would go a long way. The need of the hour is to promote mobility as a service using EVs. Infrastructure for ease of use of EV like charging kiosks and Non-Motorized Transport (NMT) Lanes within 5 Km of all current/future metro stations are key factors to boost the demand of EV usage.</p>.<p>We also recommend that incentives must be given for purchasing ‘low speed’ EVs as this will enable the sustained provision of affordable and environment-friendly transportation options for the masses.</p>.<p>Overall, we recommend a national policy on parking infrastructure for shared mobility and a mechanism to unblock input credits which will lower the cost of operations. We also urge standardizing lithium-ion batteries to promote swapping infrastructure. Further, we suggest rationalizing GST rate on critical components of an EV like the battery or propose schemes to boost local production of batteries.</p>.<p><em>(The author is the CEO and Co-founder of Yulu)</em></p>