Dr. Rahul Walawalkar, President, India Energy Storage Alliance (IESA) speaking on the Union Budget 2019 said “In line with the vision to make India pollution free, the Government of India has once again shown its commitment to encourage and implement electric vehicles and clean fuel energy. Announcements of tax rebates on the import of EV technology, including batteries and motors ranging from 10 to 25 percent, and incentives for local battery manufacturing will speed up the EV revolution.
Walawalkar further added “We are happy to see the continuing support of the GoI in realizing India’s EV dream. We urge the Government to take swift action in launching the National Energy Storage Mission in order to support the development of an R&D and manufacturing ecosystem for energy storage and EVs.”
Rahul Walawalkar leads the Emerging Technologies practice for Customized Energy Solutions globally with a focus on energy storage, renewables, demand response, and smart grid technologies as well as international markets.