Andhra Pradesh is seeking to position itself as the ‘lighthouse state’ and attract investments to the tune of four USD billion in the electric vehicles segment over the next few years. This is a first such initiative by a state, under the World Economic Forum-Moving India network, on ‘Shaping the Future of Mobility’, according to AP Industries and Investment Minister Gudivada Amarnath. “Our aim is to make AP the prime destination for development and manufacture of batteries, generation and storage of hydrogen, manufacture of EV components, battery EVs and also fuel-cell EVs, besides charging equipment. This should also pave the way for sustainable transportation in the state,” Amarnath added.
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