PERSPECTIVE
ANALYSIS OF INDIA'S ELECTRIC VEHICLE TRANSITION OVER THE YEARS AND THE PRESENT SCENARIO India is one of the fastest growing economies in the world. Among the industries that have contributed to this growth has been the automotive industry. The support received from government and welfare schemes have given a boost to the industry and hence the growth. With the evolution of electric vehicles, India is at the cusp of an e-mobility revolution. Though the path of reaching till here has not been an easy one and we still have a long way to go. But being a global frontrunner in promoting and developing an e-mobility ecosystem, there are many reasons which make this shift in inevitable. A transition to electric mobility has the potential to reduce oil imports, address air pollution in cities, and help meet India’s climate commitments by reducing the energy intensity of the gross domestic product (GDP). Electric vehicles promise zero tailpipe emissions and a reduction in air pollution in cities. The Indian government has created momentum through its Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles schemes that encourage, and in some segments mandates the adoption of electric vehicles (EV), with a goal of reaching 30% EV penetration by 2030. Let's have a closer look at how the Electric vehicles have evolved and transitioned over the years in India. For this, read on as our experts talk about the same...
EMOBILITY+ | MARCH ISSUE 2021
PG 26