In an exclusive interview with CNBC-TV18, Shah discussed the urgent need for a unified charging app, which would be linked to the Bharat digital stack, to provide consumers with real-time data on charging stations, including their locations, availability, and costs.
“Charging infrastructure is going to be critical in the next phase of EV adoption,” Shah stated. “We need to work with the private sector and the government to bring all charging stations under one platform, making it easier for consumers to find, use, and pay for charging services.”
He also noted that FICCI has been working closely with the Ministry of Heavy Industries to set up a roadmap for charging points along highways, optimising locations based on traffic data.
Also read: Mahindra targets 30% EV adoption well ahead of 2030 deadline: Anish Shah
Shah also emphasised FICCI’s role in addressing industry roadblocks, explaining that the industry must overcome infrastructure limitations to meet ambitious targets for EV adoption. “We are working on a long-term plan to set up charging points strategically across the country. This will drive investment and make the transition to electric vehicles smoother.”
On the broader economic front, Shah addressed the ongoing debate around rate cuts. He acknowledged the calls for lower interest rates but cautioned that any such decision must not stoke inflation.
“Controlling inflation is always the first priority from an economic standpoint,” he said. “If a rate cut fuels more inflation, it will be negative for the economy. We need to ensure that rate cuts do not worsen inflationary pressures.”
Shah praised the Reserve Bank of India for its efforts in managing inflation effectively but reiterated the need for a cautious, balanced approach. “Inflation is not a worry today, but it should not become one in the future,” he added.
