Electric vehicles Energy

Evolution of electric vehicles in India

India is one of the countries globally working towards a net-zero target by encouraging electric vehicle adoption. The (WRI India) World Resources Institute India on 24th March launched three reports on electric vehicles’ evolution in the country. These reports track EVs’ journey in India by studying policy level intervention, research on private sector strategies, and the public transport system adoption plans. The information will work together, aiming to offer detailed data and a well-defined analysis of the EV evolution to its many stakeholders and create the way to a smooth transition in the coming decade.

Review of the Government policies to E-mobility: This report keeps track of the progress and steps taken by the 12 state EV policies to encourage mass adoption of electric vehicles and motivate public investments in different areas to contribute to the energy transition. The States under review are Andhra Pradesh, Kerala, Maharashtra, Madhya Pradesh, Delhi, Bihar, Tamil Nadu, Uttar Pradesh, Telangana, and Uttarakhand.

The research analyses the mechanisms, including the subsidies and tax exemptions, through the consumers’ incentives, view. Incentives include tax exemptions, purchase of subsidies, toll fee waivers, access to financing, and many more. This study also focused on charging technologies, concessional land provision, clean fuel technologies and, industry incentives. It also gives recommendations of how the state can improve to move closer to the country’s targets and objectives in creating a clean environment.

Tracking the country’s industry evolution in E-mobility: The second report analyzes 31 strategic business moves that the private sectors made to increase the EV market from 2017 to 2020. These steps demonstrate the sector’s intentions to increase the EVs’ demand. There were different incentives with the purpose of the automobile to adopt the electric vehicle technologies to non-automotive organizations, manufacturing firms, support infrastructure, and legacy firms in partnership with start-ups.

Procurement of electric buses: This report covers the struggles and diverse range of pressure that the public-owned bus agencies face, including the impact of the area’s topography, capital costs, and other factors. It explains the top financial models that firms can use to minimize the risk in EV adoption. The research indicates that buses can be financially viable after a long time and suggests that state agencies should budget on these buses’ lifespan rather than just considering the initial investment.

Collectively all these reports attempt to analyze various policies and business moves to draw a big picture of India’s evolution in the electric vehicle sector. They aim to generate data for various EV stakeholders, including EV departments, industries, government, civil society, and others, at this crucial time when the private and public sectors have an interest in electric mobility.