Sohinder Gill, the director of corporate affairs at the Society of Manufacturers of Electric Vehicles (SMEV), which represents Indian electric vehicle (EV) and electric vehicle components makers, talks to The National about his concerns for the development of the electric transportation sector in India.
India's road transport minister has been reported as saying that there is no need for an electric vehicle policy. What is your reaction to this?
Frankly, as an association, we are quite confused and we are seeking clarification from the government because we heard them say that India wants to go for zero emissions mobility, so we fail to understand why this lack of focus is there on electric vehicles now.
Why do you think the minister Nitin Gadkari said this?
Mr Gadkari said that electric cars are not yet ready, but there are products in India which have been ready for the last six years and are already on the road, generally two-wheelers and three-wheelers, for which no such waiting period is required. There are more than 500,000 electric two-wheelers on the road. [Mr Gadkari's position] is a setback.
What will SMEV do now?
We need to get clarification from the ministers or if required from the prime minister on which sort of direction the industry should take on investments and action.
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How will this impact car manufacturers?
Mahindra and Tata are the ones that are ready and they've been investing. Whether they will be left alone without subsidies or incentives, no one really knows. All we are expecting is at least the current incentive scheme will continue as it is. If that happens it's a bit of saving grace for the existing players. Otherwise the industry's going to collapse.
What do you think the government might do next in this sector?
They perhaps have other options available. India is a country is very keen to do alternate fuels which is understandable because India can produce ethanol. Similarly, [multinational corporations] say that hybrids is the right answer, so all that might be why there's a reconsideration.
What other effects might arise?
Already people were sitting on the fence and were not investing, so this is going to create another question mark. Also, so many companies were making losses and they were seeking investors and start-ups were getting a lot of money from investors and bigger electric vehicle companies were getting investment. Those investors are going to be shy of investing into India until the policy is clear.
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Huddersfield Town 0
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Biosafety Level 1
The lowest safety level. These labs work with viruses that are minimal risk to humans.
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What is blockchain?
Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.
The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.
Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.
However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.
Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.