Can Electric Vehicles be a Viable and Sustainable Mode of Transportation in India
Pacific Business Review International, Volume 12 issue 5, November 2019
7 Pages Posted: 6 Mar 2020
Date Written: November 1, 2019
There is almost a broad consensus that electric vehicles coupled with renewable energy are greener and sustainable mode of transportation for India. However India needs to tread carefully. There is need to put infrastructures like battery charging stations and batteries management facilities in place to make electric vehicles viable option in India. But prior to this, adequate policy response is needed from the government to update its laws which could accommodate Li-ion and other types of batteries into its ambit. Moreover Indian Government has allocated budget for promotion of electric vehicles but that wouldn't be enough. To speed up this process, there is a need for the participation from the corporate sector. Corporate sector can participate either by investing in the business to earn profits or in form of corporate social responsibility to help build a sustainable world. Also India needs to be careful that the push to electric vehicles wouldn't result into increase in child labour and violation of human rights.
Keywords: Transportation, Electric Vehicles, Environment
JEL Classification: R42, Q2, Q5
Suggested Citation: Suggested Citation