India joins US-led 14-economy bloc to tackle excess capacity in EVs and batteries
By Eve
India has signed a joint ministerial statement with the US and 13 other economies to address structural excess capacity in five manufacturing sectors, including electric vehicles and batteries, alongside chemicals, foundational semiconductors and solar panels. The initiative, formalised on Wednesday in Washington during an OECD Trade Committee meeting, commits signatories to establish dedicated sectoral platforms and meet at technical level before December 2026 to draft terms of reference and exchange non-confidential data on production imbalances. Other signatories include Argentina, Australia, Canada, the EU, France, Germany, Italy, Japan, South Korea, Mexico, Poland, Türkiye and the UK.
Why it matters
The bloc's focus on EV and battery overcapacity signals potential trade measures or policy shifts that could reshape global supply chains, affecting procurement costs and vendor availability for charging infrastructure operators. India's participation may influence domestic manufacturing incentives and import dynamics for EV charging equipment and battery storage systems.
Source
- Original title
- “India joins US-led bloc to tackle excess capacity in EVs, batteries, chips and solar”
- Published
- 8 October 2026
- Updated
- 9 October 2026
- Also covered by
- fortuneindia.com
In this story
- Topic
- Policy & Market
- Places
- India · United States · Global
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