Guenter Butschek, chief executive officer of Tata Motors Ltd., reacts during a news conference in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Charging Stations Key To Success Of Electric Vehicle Policy, Tata Motors Says

Tata Motors Ltd., which recently signed an agreement with the Maharashtra government to accelerate adoption of electric vehicles, believes a high density of fast-charging stations is key to meet targets.

“The most important hurdle for customers in purchasing electric vehicles is range anxiety,” its Chief Executive Officer Guenter Butschek said told BloombergQuint in an interview. Putting more batteries in the vehicle would make it more expensive, and so, the right answer would be to ensure charging stations in close proximity, he said.

Tata Motors invests in electric mobility and provides vehicles to the market “as an attractive value proposition” since the cost of electric vehicles is lower than internal combustion engine, he added.

The are the other key highlights from the conversation:

Embracing Clean Energy

  • Tata Motors is driving a turnaround while focusing on the environment.
  • Looking at fuel solutions and hybrid technology.
  • Won orders to supply electric buses in six Indian cities

Government’s Electric Vehicle Target

  • Strongly support government’s electric vehicle target for 2030.
  • Need to watch how the vision of the government will translate into policy framework and into action by the industry to meet these targets.

Watch the full interview here:

BloombergQuint
Stay Updated With Business News News On BloombergQuint