Economic survey outlines how Chinese dependence may impact India's energy transition & EV incentives
💨 Abstract
The Economic Survey 2024-25 highlights that 80-90% of the world's solar, wind, and EV components are manufactured in China, exposing India to supply chain disruptions. India's green energy transition plans are challenged by dependence on China-made goods. To reduce this reliance, the survey suggests prioritizing public transport, improving domestic manufacturing capacity for renewables, and indigenizing technology for EV manufacturing.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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