India needs EV success even if it increases exposure to Chinese value chains


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India’s policy focus on making the country a hub for EV-making will have a side effect. As electric vehicles (EVs) roll off assembly lines, our dependence on Chinese imports will rise, even though we’ve been trying to reduce it. That’s because China, with a head-start of a decade or so, is the global leader of clean-tech in general and this segment of the auto industry in particular. A report by Global Trade Research Initiative (GTRI) highlights this trade-off. Our latest EV thrust, led by a policy carve-out that envisions a competitive EV industry behind low tariff barriers, is likely to...