Here’s How Germany Is Helping India To Shift To Emobility

Here’s How Germany Is Helping India To Shift To Emobility

SUMMARY

Germany has also announced to invest euro 200 Mn to transform the Tamil Nadu’s bus sector

The Indian government will use the funds to set up EV charging stations

German chancellor Angela Merkel was on a three-day visit to the national capital

Despite numerous attempts to boost the electric vehicle (EV) ecosystem by the Indian government, the infrastructure in the country is still in a bit of a muddle. However, a recent announcement from German chancellor Angela Merkel, last week, has given some hope for emobility in India.

Reportedly, Merkel has pledged to invest euro 1 Bn over the course of the next five years in EV mobility in India. Merkel has also announced to invest euro 200 Mn to completely transform the Tamil Nadu’s bus sector.

With this fund, the Centre is planning to increase the footprint of EV charging stations across the county and get electric buses to replace diesel buses in the country.

Merkel, who also visited an EV station at the Dwarka metro station during her three-day visit to the national capital, said that Germany will cooperate on climate protection and green urban mobility and have earmarked euro 1 Bn towards this.

In response to the announcements, a senior official from the Ministry of Heavy Industries said that although auto companies are showing enthusiasm over the government’s electric mobility plan, the lack of EV charging points poses a challenge for them. “We will use the fund to set up EV charging stations and to replace diesel buses with electric ones,” the official added.

Besides Germany’s support towards the EV infrastructure in the country, corporate giants like Tata and government entities like the National Thermal Power Corporation Limited (NTPC), Power Grid Corp and Indian Oil Corp are likely to set up EV charging stations across the country.

NTPC Working For EV Infrastructure

It is to be noted here that NTPC’s executive director, Mohit Bhargava, on Wednesday, said that the company is working on developing a strong and sustainable electric vehicle chargng infrastructure in the country.

Recently, NTPC has issued tenders, inviting bids for the operation of 250 electric buses in three cities of Madhya Pradesh. The project will be completed under the second phase of the government’s ambitious Faster Adoption and Manufacturing of Electric Vehicles in India Phase II scheme.

Earlier, the state-owned company had partnered with mobility startups such as cab aggregator Ola, bus aggregator Shuttl, among others, to set up public charging infrastructure for EVs.

At that time NTPC said that the collaboration with these aggregators will lead to the development of EV charging infrastructure for various vehicle segments as well as effective utilisation of public charging infrastructure.

Although NTPC is clear about its EV infrastructure programme in the country, however, Bhargava said that the company is still concerned about the problems related to EV’s battery life and its reusability.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Here’s How Germany Is Helping India To Shift To Emobility-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Here’s How Germany Is Helping India To Shift To Emobility-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Here’s How Germany Is Helping India To Shift To Emobility-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Here’s How Germany Is Helping India To Shift To Emobility-Inc42 Media
Here’s How Germany Is Helping India To Shift To Emobility-Inc42 Media
You’re in Good company