Policy execution, capital and supply chains will decide EV momentum

NEW DELHI, Jan 15 (The CONNECT) — India’s electric mobility journey has reached a critical inflection point, with adoption accelerating, manufacturing capacity expanding and policy intent remaining consistent, said Pratik Kamdar, Co-founder and CEO of Neuron Energy.

However, the next phase of growth will not be defined by headline adoption numbers alone. It will be shaped by execution on the ground, particularly in manufacturing and supply chains.

From a production standpoint, the upcoming budget comes at a decisive moment. India’s EV and battery ecosystem is transitioning from early adoption to real scale.

Demand for lithium-ion batteries is rising sharply. The market is projected to grow at nearly 39% CAGR through 2030, driven by electric vehicles and renewable energy storage.

To support this expansion, manufacturers require timely implementation of PLI incentives. Easier access to long-term capital is critical. Faster approvals at the state and local level will also determine how quickly capacity comes online.

Beyond capital, operational readiness will be key. Workforce skilling, robust testing infrastructure and stronger domestic supply chains will decide how quickly new plants stabilise.

A budget that actively supports localisation will strengthen resilience. Greater focus on R&D and battery recycling can help the sector scale sustainably. It will also reduce long-term dependence on imports, Kamdar said.