ICE is 'dead technology', Indian two-wheeler makers should grab global EV market: G20 sherpa Amitabh Kant

Kant pushed for Indian EV players to make electric two-wheelers for the global market. He was speaking at Ather's community day event in Bengaluru on April 6

Amitabh Kant, the G20 sherpa and former CEO of NITI Aayog, said that the Internal Combustion Engine (ICE) is a 'dead technology' and the way forward is electric, pushing for EV makers to make India the biggest manufacturer and exporter of electric vehicles.

"We are the biggest exporter of two-wheelers in the world, ICE is a dead technology according to me and the market is disrupted with EVs and that is why players like Ather should not just make for India but for the world, " Kant said during a key note address at Ather's community day event held in Bengaluru on April 6.

Kant also pushed for Indian EV players to make electric two-wheelers for the global market. "It is the mindset of entrepreneurs. India is a large market but we do not realise that export market gives 5X more of what you get in India. Everytime India has grown it has grown because of exports, " He said. He added that by 2030 the whole world will move only be electric and India must grab that opportunity.

Kant's words come at a time when the central government has reduced the budget allocation for the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (FAME) scheme by nearly 44 percent to Rs 2,671 crore for FY25, which may result in a slowdown in the adoption of electric vehicles in India.

In FY24, the government allocated a revised estimate of nearly Rs 4,807 crore for FAME schemes, according to the government’s budget allocation document published on February 1, 2024.

Make EV-centric curriculum

Talking of skilling within the EV industry, Kant said the Centre has worked with around 20 IITs and IIITs on electric mobility courses within the institutions. "We need data scientists, product developers, prompt engineers and many institutions should change their curriculum based on this," he said.

Sharing some advice to EV makers, Kant said the manufacturers should not 'burn cash' by selling products at a cheaper cost with low-quality. "Never burn cash by selling your vehicles by compromising on quality... Create a brand for an aspirational middle-class Indian, " he signed off.