Budget 2025: EV sector advocates for Tech Investments and Smart Mobility Solutions

As the budget 2025 is near, the EV sector is hopeful for various measures and initiatives to make the infrastructure stronger, better and worthy to fulfill the demand of growing EV cars. Industry leaders and EV experts are estimating that this budget will be formulating policies that will accelerate the purchasing of EVs, by making it more affordable and technology ready.

This will also help India to achieve the goal of reducing carbon emissions by one billion tons by 2030.

Speaking on the topic, Raghav Arora, Co-founder & CTO, Statiq has given some valuable suggestions by integrating Artificial Intelligence (AI) and Internet of Things (IOT), to optimise charging networks and enhance battery effectiveness.

He added “Advancements in battery technology, charging infrastructure and smart mobility solutions are important to overcome difficulties and improve the overall EV user experience.

Concluding with his speech, he said “ We are hoping that the upcoming budget will promote healthy use of EVs and prioritize startups and other new players to bring innovation in the EV space. The focus on innovation should be the top priority, positioning India as a global leader in green mobility”.

Ishaan Parwanda, Director, Trinity Touch has advised for reduction of GST rates on lithium-ion batteries to boost EV sales.

He added, “To reduce the costs of EVs in India and make the price competitive to ICE cars, there should be a domestic production of key EV components like battery. Promoting schemes like Production Linked Incentives (PLI) and other incentives for production of EV components will help to boost sales, reduction in the overall cost of an EV, thereby making it affordable for the Indian public.

These measures will not only be developing the industry but will also play a key role in the growth of the EV ecosystem in India. Thus all the EV fans, enthusiasts and industry are hopeful for the formation of successful measures, which will enhance and grow the EV industry.