The budget announcement on supporting the development of an ecosystem for electric vehicles (EVs) could boost employment as well as entrepreneurship opportunities in the green mobility sector, said industry executives and staffing companies.

“About 2.5 lakh direct and indirect jobs could potentially be created in the next 4-5 years,” said Kartik Narayan, CEO of staffing firm Teamlease Services. “India currently has about 7,000 charging stations and needs about 50,000 in the next 5 years. One charging station thumb rule is approximately five jobs – direct and indirect.”

Direct jobs would include site engineers, deployment specialists and service technicians, among others.

“The availability of public chargers across the country will significantly grow and EV companies will find higher market acceptance from its consumers and also attract investor interest,” said Dinesh Arjun, cofounder and CEO of Raptee Energy. “This will also break the ‘range anxiety’, the biggest barrier for EV adoption in our country and encourage entrepreneurs to do deeper innovation in the battery management segment and other technologies.”

He said that “EV companies will also enjoy a deeper vendor ecosystem, providing battery and other components for building make-in-India EV vehicles”.

Pratik Kamdar, CEO and cofounder of Neuron Energy, said the planned expansion of EV manufacturing will likely lead to increased production capacities, fostering innovation and competitiveness.“There is also an anticipated outcome in the form of economic empowerment, which will equip the youth with valuable technical skills, ensuring a robust workforce for the manufacturing of EV chargers, and associated equipment,” said Kamdar.In her interim budget speech on Thursday, finance minister Nirmala Sitharaman said, “Our government will expand and strengthen the e-vehicle ecosystem by supporting manufacturing and charging infrastructure.”

The government will also encourage adoption of electric buses through payment security mechanisms.

“The idea is to bolster EV manufacturing and charging infrastructure will open up opportunities for entrepreneurs in OEM, supply chain, and charger installation,” said Aditya Narayan Mishra, CEO, Ciel HR Services. “Over the next few months, we will see how this shapes up on the ground. I would like to be optimistic.”

Mishra pointed out that hiring in the sector–which is currently going through a lull, with a dip of 5-10% in mandates in the last couple of months–is expected to receive a boost from the positive sentiment emerging from plans to boost the EV ecosystem.

Kartik of Teamlease said that “with India’s current tally of around 7,000 charging stations starkly contrasted against China’s 1.1 million, this government initiative, in tandem with the FAME scheme, is poised to not only catalyse the adoption of electric vehicles but also stimulate job creation within the entire ecosystem of charging infrastructure.”


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