Firing up the Vision 2030 plan revealed earlier this year by the Government of India, which stated that all vehicles from the year 2030 will be powered only by electricity, the Indian Space Research Organisation has approved the use of its select Lithium-Ion battery technology. This could enable the Government to apply these locally manufactured batteries for various categories of vehicles, however, there are two hurdles in particular. First, these batteries are expected to be employed only in commercial vehicles such as buses, three-wheelers and taxis. Secondly, companies would have to shell out Rs.1 crore, for each battery. This would not help in any way getting a cost-effective electric mobility solution. However, ISRO and BHEL (Bharat Heavy Electricals Limited) are already working on cost-effective Lithium-Ion batteries. The adoption of electric vehicles would not only be beneficial as India is a coal and electricity surplus country, it would also bring down the tax incurred on importing fuel from other countries which is around Rs.7 lakh crores at the moment.

(Financial Express)