Hoping to position itself as an electric mobility run state, Andhra Pradesh government has made plans to attract investments of four USD billion in the electric vehicles (EV) segment over the next few years.
As the first step in this direction, the state government is holding a day-long CEO-Ministerial Dialogue to frame requisite policy by eliciting views and ideas from various stakeholders.
This is a first such initiative by a state, under the World Economic Forum-Moving India network, on Shaping the Future of Mobility’, according to AP Industries and Investment Minister Gudivada Amarnath.
“This dialogue (in virtual mode) will serve as a high-level platform to explore various avenues of investments in Electric Vehicles (EV) segment and also to support the industry leaders in developing and implementing plans and programs to meet climate goals, including net-zero economic growth and green mobility, Amarnath said.
He said the state was planning to expand the electric vehicles (EV) segment at an intense pace while accelerating EV adoption and transitioning towards clean mobility.
“The primary objective of this exercise is to position AP as the lighthouse state and attract investments to the tune of four USD billion. Our transition to e-mobility could be a key component in India’s drive to become carbon-neutral, the minister said.
We aim to make AP the prime destination for the development and manufacture of batteries, generation and storage of hydrogen, manufacture of EV components, battery EVs and also fuel-cell EVs, besides charging equipment. This should also pave the way for sustainable transportation in the state, Amarnath added.
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