Accelerating India's Electric Future: Strategies for Swift EV Adoption

The Indian government's think tank, Niti Aayog, has made a compelling case for a National Electric Vehicle (EV) policy designed with clear targets and timelines to expedite India's transition to electric mobility.

In its report, 'Unlocking a USD 200 Billion Opportunity: Electric Vehicles in India,' Niti Aayog highlighted the necessity of broadening corporate average fuel efficiency (CAFE) norms across a wider range of vehicles. Furthermore, the report suggests establishing a comprehensive EV policy, complete with target timelines, to advance zero-emission vehicle adoption.

With India's goal of achieving a 30 percent share of electric vehicles in total vehicle sales by 2030, the report urges immediate action to accelerate progress. Proposals include creating a pooled fund for EV procurement, prioritizing service delivery models, bolstering R&D to reduce battery costs, and scaling charging infrastructure to meet these ambitious objectives.

(With inputs from agencies.)