Pawan Goenka, managing director of Mahindra & Mahindra Ltd, India’s largest electric vehicle maker, told Mint in an interview that companies which are industry leaders today will not necessarily remain leaders after the ‘electric vehicle dust settles down’. “If we are not careful, then electric vehicles can take us back to that situation where everything will become imported. For example, in Japan, Germany and Norway, electric vehicles are given parking spaces for free along with tax and toll exemptions. Also, the government’s intent of moving to only battery-run electric vehicles is another challenge as most other developing and developed counties are moving towards electrified vehicles rather than only electric vehicles. Electrified vehicles include pure battery-run electric vehicles, hybrid vehicles and plug-in hybrid vehicles.

Source: Mint February 06, 2018 18:56 UTC