From SUNSET To SUNRISE Areas Of Growth: Five key growth sectors after pandemic for Indian Economy growth
Mobility Firstly, the future lies in mobility that will be shared, connected and electric. Mobility is causing the biggest disruption of today. USA already has over 900 cars per 1000 persons while Europe has over 800. In contrast, India has only around 20 cars per thousand people. This presents a unique opportunity--our low share of vehicles per capita can be turned into a huge advantage by switching to an affordable, accessible and clean mobility ecosystem. The average price of a lithium battery that was over US $1000 in 2010 has fallen to a mere US $137 per kilowatt-hour and will come down to less than $100 in next three years. Such steeply falling lithium-ion battery pack prices have made high-mileage electric service vehicles cost competitive. To support the EV segment, the government has already brought about numerous interventions, including a lower GST structure, tax deduction on interest for loans, and has supported procurement through the FAME II scheme. ...
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