Cite this Article

Tran Thu Hien, Nova Mardiana, 2025. "The New Forces Research of New Energy Vehicle Development Strategy in India", International Journal of Economics, Business, Management Research Intelligence (IJEBMRI) 1(1): 1-8.

Keywords

New Energy Vehicles (NEVs), Electric Mobility, India’s NEV Strategy, Sustainable Transportation, NEV Policy, Battery Technology, Charging Infrastructure, Government Incentives, FAME Scheme, National Electric Mobility Mission Plan (NEMMP), Public-Private Collaboration, Renewable Energy, Smart Grid, Indigenous Manufacturing, Automotive Industry, Technological Innovations, Lithium-Ion Batteries, Consumer Perception, NEV Adoption Barriers, Energy Storage Solutions.

Abstract

India stands at a pivotal transitional phase in its clean mobility journey, and recognizes the demand for clean mobility options given the synergy that exists between new energy vehicles (NEVs) as an industrial opportunity, and an environmental imperative. The country’s rapidly accelerating urbanization, worsening air pollution, heavy dependence on foreign crude oil and international obligations on climate change have converged as powerful pushes for electric and alternative-energy vehicles. By examining the relationships amongst policy, technology, business, infrastructure, consumer behaviour and global competitiveness – this paper nuances the emerging drivers of change that are propelling India's New Energy Vehicle Development Strategy forward. Contrast the previous waves of motorised industrialisation, the new phase is less about some fresh engineering tweaks and more about systemic gestalt shift across energy systems, manufacturing ecosystems, collaboration polities, digital platforms; retooling not just what we thing a ‘car’ is, but what it means for a ‘vehicle’ to be a vehicle, and how it means to operate within a society.

Introduction

The growing worries about environmental sustainability and energy security have caused India's transportation industry to change its worldview. Rising pollution levels and an always increasing reliance on fossil fuels make alternate and sustainable travel options absolutely necessary. Aiming to lower carbon emissions and support clean energy transportation, India's New Energy Vehicle (NEV) approach leads front stage in this metamorphosis.

Adopting NEVs is now clearly necessary for the Indian government to solve problems related to the environment as well as economy. To hasten the shift between electric and alternative fuel vehicles, major legislative proposals have been presented recently. An ecosystem supporting the manufacturing and adoption of NEVs has been created in great part by programs including the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, the National Electric Mobility Mission Plan (NEMMP), and the Production-Linked Incentive (PLI) scheme. These programs support industry research and development as well as consumer financial incentives and infrastructure building.

Notwithstanding these initiatives, India's shift to NEVs is beset with difficulties. Mass acceptance is hampered by high initial prices, poor charging infrastructure, and supply chain dependence. Furthermore important issues still include battery technology's availability and cost. India still imports a lot of lithium-ion batteries, hence local production capacity development is desperately needed to guarantee sustainability and cost control.