The electric commercial vehicle (CV) industry has expressed strong support for the Interim Budget 2024’s focus on sustainable mobility, reflecting a shared commitment to greener transportation solutions. Finance Minister Nirmala Sitharaman’s budget announcements have been lauded for propelling India’s vision towards eco-friendly mobility.
Abhinav Kalia, CEO and Co-Founder of ARC Electric, praised the government’s dedication to enhancing the electric vehicle (EV) sector, highlighting the significant reduction in taxes on lithium batteries as a pivotal move for the industry. The adjustments have made EVs more affordable, stimulating market growth and reinforcing the sector’s foundation.
Aditi Bhosale Walunj, Founder and CVO of Repos Energy, emphasized the importance of energy security and praised the National Green Hydrogen Mission for ensuring a supply of clean energy. This initiative is seen as a progressive step towards sustained economic growth and the efficient use of fuels.
Anirudh Bhuwalka, CEO of Blue Energy Motors, welcomed the budget’s reinforcement of the government’s focus on Green Energy and sustainable development, aligning with India’s ‘net-zero’ goals.
Anmol Singh Jaggi, CEO & Co-Founder of BluSmart, pointed out the budget’s role in promoting EV adoption and enhancing charging infrastructure. The measures are aligned with India’s climate goals, aiming for a significant reduction in emissions intensity by 2030.
Devndra Chawla, MD and CEO of GreenCell Mobility, celebrated the focus on e-buses within public transportation networks, recognizing its potential to substantially reduce carbon emissions.
Dr. Sudhir Mehta of Pinnacle Industries & EKA Mobility highlighted the budget’s emphasis on infrastructure development, women entrepreneurship, and the EV charging infrastructure as key to economic growth and environmental responsibility.
Comments from leaders across the electric CV industry reflect a strong endorsement of the Interim Budget 2024’s initiatives for sustainable mobility, illustrating the sector’s readiness to support and benefit from the government’s vision for a greener future.
