Speech at ISB by Dr. Michael Liu as DAO recruits the best graduates for future growth of DAO

Indian School of Business (ISB) ranked as number one management institution in India by The Economist recently invited. Dr. Michael Liu, CEO and Chairman of Dao who made the speech to examine the policies of Make in India and Digital. He also encouraged young students taking up jobs in the traditional services industry to consider smart manufacturing industry and follow the global trends of the EV revolution. The placement and recruitment will start from March to July of 2021.

Firetalk with Dr. Michael Liu

In last few weeks, a small country in northern Europe, Norway started to attract everyone’s eyeballs. Lead by GM and Audi, there are a couple of very funny and interesting adverts across US & European markets. Let’s watch it and figure out what is really happening

In the year 2019, The Indian government adopted the policy of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles scheme (FAME II) and is very ambitious to reach 30% EV penetration by 2030. The public doubted and complained of the lack of infrastructure. In the year 2020, when government gave the big push to encourage the separation of vehicles from battery, the public was still suspicious and doubted the percentage of EV penetration.

Norway has been testing EVs since the last ten years when the EV sales was only 1% of total vehicles sold. Lately things have taken a dramatic turn. Last year, battery electric vehicles (BEVs) made up 54.3% of all new cars sold which makes Norway the first country in the world where the sale of electric cars has overtaken those powered by petrol, diesel and hybrid engines. Like any other country, small hope has become today’s reality. Going further, Norway is seeking to become the first nation to end the sale of petrol and diesel cars by 2025. Oil-producing Norway exempts fully electric vehicles from taxes while imposing them on those relying on fossil fuels.

India is truly dependent on oil imports to keep its economy running. It is the top third crude oil (including crude oil products) importer in the world. We need to work together to reduce oil imports by cutting down on fuel driven vehicles, which is currently taking 82% of the oil imported. The only solution is to depend on renewable energy.

If Norway can do it, we as Indians should tell ourselves that we can do it and we have to do it.