The Indian economy is one of the fastest growing economies in the world, with an increasing demand for energy. Given that historically India has relied on pollutant hydrocarbons to run its power plants and vehicles, there has been an increasing focus on setting ambitious ‘green’ targets, especially in light of the alarming levels of pollution in India. The Government of India (GoI) has actively encouraged the adoption of electric vehicles with the idea of shifting the production of new automotive vehicles from internal combustion engine models to electric vehicles by 2030.
Continue Reading Part I – Electric Vehicles: Disrupting the Automotive Ecosystem
M Shivraman
Associate in the Projects and Project Finance practice at the Mumbai office of Cyril Amarchand Mangaldas. Shivraman has experience in advising clients on commercial and transactional issues in infrastructure sectors including conventional and non-conventional energy, and mining. He can be reached at m.shivraman@cyrilshroff.com