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'Need incentives for R&D on battery tech'
Mint Mumbai
|August 21, 2023
The report on battery manufacturing and its ecosystem, released by CII, suggested that incentives be given from a dedicated fund for the development of the battery technology ecosystem.
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The government should give incentives for research and development projects on advanced battery technology, said a CII report on Sunday.
The report on battery manufacturing and its ecosystem released by the Confederation of Indian Industry (CII), suggested that incentives be given from a dedicated fund for the development of the battery technology ecosystem.
“The government may consider providing incentives for R&D programmes focused on advanced battery technology research in the central research agencies and academic institutions across the country," it said.
CII also suggested that the cost-differential between the advanced battery technology vehicles and conventional vehicles should be bridged by government incentives, which would help cut the cost of ownership of high-performance advanced vehicles and give a push to the segment.
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