The “e-mobility R&D Roadmap for India” report has been released by the Principal Scientific Adviser to the Government of India to achieve net-zero targets.
Status of electric vehicle (EV) adoption, or “E-mobility,” in India:
- Current EV Sales:
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- Less than 1% of total vehicle sales in India are electric vehicles.
- This statistic is attributed to the Bureau of Energy Efficiency (BEE).
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- Future Growth Projection:
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- The EV industry in India is expected to grow significantly.
- It’s projected to have a Compound Annual Growth Rate (CAGR) of approximately 47% by 2030.
Government initiatives for promotion of EV Manufacturing Ecosystem
- Electric Mobility Promotion Scheme 2024 (EMPS 2024): Launched by the Ministry of Heavy Industries (MHI).
- PLI Schemes: Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry in India to boost domestic manufacturing of Advanced Automotive Technology products.
- PLI Scheme for manufacturing of Advanced Chemistry Cell (ACC) to bring down prices of battery in the country.
- Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME) India: Under FAME India Scheme Phase-II, Phased Manufacturing Programme (PMP) has been introduced.
- Rationalization of Goods and Services Tax (GST):
- On electric vehicles from 12% to 5%;
- On chargers/charging stations for electric vehicles from 18% to 5%.
- Promoting Charing Infrastructure: Ministry of Power has issued “Charging Infrastructure for Electric Vehicles – Guidelines and Standards”.
- Ministry has also designated BEE as the Central Nodal Agency (CNA) for the National-level rollout of charging infrastructure in the country.
- States’ Initiative: Karnataka, Telangana, Maharashtra and Uttar Pradesh have launched their respective state EV Policies.
- Other: National Electric Mobility Mission Plan (NEMMP) 2020, EV30@30 campaign (at least 30% of new vehicle sales to be electric by 2030), National Mission on Transformative Mobility and Storage etc.