India's new e.v. policy

  Despite global interest in electrical vehicles including in Indian domestic market, India have failed to emerged as a global player in it's manufacturing.

Impact of new policies

• It create clear policy priorities and goals 
• It encourage domestic leaders like UP to up their capabilities to global level, e.g., fix their quality level that has been an issue recently.
• It also connects current policies, create synergies and economies of scale, e.g., FAME, Hydrogen Mission, PLI and Atmanirbhar Bharat etc.
• It have the potential to turn Bharat into a global powerhouse of electric vehicles, increase GDP, create wealth and job opportunities
• It also have the potential India's oil import bill, reverse global warming and achieve net zero emissions.
  

Reducing the import duties is a method to boost domestic manufacture

Benefits

• It allows manufacturers to capture the comparative advantages of global markets to the maximum, e.g., buy components from market where it is cheapest.
• It instills confidence in global communities to shift away from China.
• It boosts India's image as an investor friendly, liberal democracy, with a young tech savvy population, and English knowledge.
  
• It also creates Interdependence that reduce global tensions and holds up rules based international order. 

Drawbacks

• It may worsen India's already increasing import bill with China.
• It may depress the budding domestic capabilities in e.v. manufacturing.
• It may worsen resource conflict for rare earth minerals including governance in countries like DRC
• It is more beneficial for big firms like Tata Motors than smaller players.   

It is important to take opportunities that come in your way as soon as possible. E.V., is the way forward for the world, away from fossil fuel and global warming. Reducing import duties appears to be the right policy now.