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New Delhi: Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government is aiming to facilitate indigenously-developed technology to become Atmanirbhar (self-reliant) in the growing electric vehicle (EV) sector by cutting dependence on China-led supply chain. ET Year-end Special Reads Stocks to buy in 2025: 66 ideas from top brokerages for your new year portfolio What does 2025 hold for India's IT services sector? 2025 may be the year of EVs in India, dominated by SUV launches "We have launched a major program in developing the technology and components for electric vehicles or e-mobility that includes three verticals," Department of Science & Technology secretary, and chief executive of Anusandhan National Research Foundation Abhay Karandikar told ET. Established through the ANRF Act, 2023, which came into effect in February 2024, the foundation's board, headed by prime minister, offers high-level strategic directions for innovation, promoting research and development (R&D), and entrepreneurship in multiple areas.
It has a mandate to prepare a roadmap for short, medium, and long-term for seeding and growing research activities in academic institutions. The government's research arm, according to the top official, aims to nurture and develop a homegrown ecosystem including innovative battery technologies, power electronics and charging infrastructure. Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Basics of Generative AI: Unveiling Tomorrows Innovations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Strategy Succession Planning Masterclass By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd.
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Recently, Minister of Road Transport and Highways of India Nitin Gadkari said that India's EV market has a potential to touch Rs 20 trillion, and would likely to create nearly 50 million jobs across the ecosystem by 2030. With a vision to elevate the proportion of electric vehicles (EV) sales to 30% in private cars, 70% in commercial vehicles, 40% in buses, and 80% in two-wheelers and three-wheelers by 2030, India has an ambition of as many as 80 million EVs, hitting roads by 2030. The Indian EV battery market is likely to surge to $27.
70 billion by 2028, which may fuel demand of establishing at least 1.32 million charging stations by 2030, according to industry estimates. "We have received proposals for research and development (R&D), and after review, we will fund and we want to do it through industry-academia partnership," he said, adding that the industry should at least fund 10% of the spend so that it could have a role to play.
"This is a very transformative program. So in Anrf, we are now seeing this to be a transformative step. Rs 14,000 crore allocation has been done for five years so that's about Rs 2000-2800 crore every year.
We are expecting that it will really drive the R&D culture in the country," the official said. Karandikar further said that the foundation has set the next three years as a short term target to at least develop battery technology components, and five years would be a long-term goal where the country could be able to develop innovations in charging infrastructure and power electronics. (You can now subscribe to our Economic Times WhatsApp channel ).
