India’s electric mobility transformation: progress to date and future opportunities
NITI Aayog has proposed that after 2030, only electric vehicles should be sold in India. The think tank believes that this will expend the scope of the clean fuel technology beyond two-and three-wheelers in the country. It may be noted that a panel headed by NITI Aayog CEO Amitabh Kant had suggested earlier that only EV (three-wheelers and two-wheelers) with engine capacity of up to 150 cc should be sold from 2025 onwards. According to the Niti Aayog, as transport remains the most demanding sector for oil, about 100% electric vehicle sale by 2030 may reduce India’s import dependence by a big margin. A joint study by NITI Aayog and Rocky Mountain Institute, USA suggests that India can save 64% of anticipated road-based mobility-related energy demand and 37% of carbon emissions in 2030 by pursuing a shared, electric, and connected mobility future. This would result in a reduction of 156 Mtoe in Diesel and Petrol consumption for that year and net saving of roughly Rs. 3.9 Lakh Crore in 2030 at present oil prices.