Powering India Forward: Niti Aayog's Bold Push for Electric Mobility

Niti Aayog has unveiled a groundbreaking report calling for a National Electric Vehicle (EV) policy to expedite India's transition to electric mobility. The report, titled 'Unlocking a USD 200 Billion Opportunity: Electric Vehicles in India,' emphasizes the necessity of clear targets and timelines to push forward the EV agenda.

Niti Aayog's comprehensive report advocates for a strategic shift from incentives to mandates, suggesting a robust regulatory framework for EV adoption. This includes expanding corporate average fuel efficiency norms and fostering support for battery leasing to reduce costs.

The report highlights the urgent need to scale up infrastructure and research efforts, alongside financing models to support EV procurement. As India aims for a significant increase in EV sales by 2030, the recommendations offer critical insights to overcome present obstacles and align policy with national ambitions.

(With inputs from agencies.)