Daijiworld Media Network - New Delhi
New Delhi, Jun 2: With India’s ambitious climate goals taking center stage, the country’s electric vehicle (EV) sector is poised to drive a transformative shift—one that could slash carbon emissions by an estimated 1 billion tonnes and generate a staggering 200,000 new jobs by 2030, according to industry experts.
The government’s newly unveiled EV policy is a game-changer, aiming to accelerate the transition towards sustainable mobility while attracting global investments.
“This policy is a clarion call to international EV players—India is open for business, but with a strong ‘Make in India’ emphasis,” said Sachin Alug, CEO of NLB Services.
Alug highlighted that linking import duty concessions to local manufacturing commitments sends a powerful message, promoting foreign investments alongside a robust domestic ecosystem. This dual approach is expected to spur not only job creation but also technological innovation.
“With the sector expanding rapidly, we foresee significant demand for roles in EV software development, embedded electronics, UI/UX design, and Ionic development,” Alug explained.
The policy, which was formally notified on Monday, outlines clear guidelines to encourage fresh investments from global EV manufacturers and bolster India’s credentials as a leading e-mobility hub.
To lure top players—like US-based Tesla—the scheme allows approved applicants to import completely built units (CBUs) of electric cars priced above $35,000 CIF (cost, insurance, and freight) at a reduced customs duty of 15% for up to five years from the date of approval.
However, companies must invest a minimum of Rs 4,150 crore in local manufacturing under the scheme’s terms, ensuring India’s interests remain at the heart of this green transition.
The annual cap on such imports is set at 8,000 units, with unused allowances rolling over to subsequent years.
With this forward-looking policy, India is not only cutting emissions but also laying the groundwork for a dynamic, innovation-driven workforce that will power its electric future.