Shakti Participated at the event Organised by NITI Aayog: Policy Support & Enablers to Accelerate India’s Electric Mobility

“Our role in driving a more ambitious e-mobility agenda in India can be described as a ‘ROADMAP’ that encompasses research funding, outreach, ambition, demonstration projects, resource mobilisation, access and affordability, and partnerships,” said Narayankumar Sreekumar, Associate Director, Electric Mobility, Shakti Sustainable Energy Foundation, as a  ‘Distinguished Speaker’ at the event ‘Policy Support & Enablers to Accelerate India’s Electric Mobility,’ organised by NITI Aayog as part of the Energy Transition Working Group (ETWG) meeting, organised under India’s G20 Presidency 2023 in Goa. The event aimed at addressing crucial aspects of electric mobility in India and devising strategies for further advancement.

Indian cities are rapidly growing and there is a critical need to prioritise sustainable transport to make it more accessible and sustainable. At the same time, India is making rapid strides in electrification, and is well on its way to achieve its target of 30% electric vehicle market share by 2030. With India crossing 5% electric vehicle market share in new vehicle registrations, it is imperative to give an impetus to this momentum. So far, 26 states and union territories (UTs) have notified state level e-mobility policies, with another 7 states and UTs having draft policies in place. Accelerating e-mobility in public transport will require greater investments in technology, manufacturing capacity, infrastructure, and financing.

The conference, ‘Policy Support and Enablers to Accelerate India’s Electric Mobility’ brought together central and state policymakers, public sector stakeholders, original equipment manufacturers, non-governmental organizations, and multilateral and bilateral agencies to deliberate key opportunities and challenges facing the industry.

Participants charted their e-mobility transition trajectories, touching upon –

  • Viable financing avenues for transport electrification
  • Electrification of public transport and last-mile solutions
  • Cross-sectoral learnings and way ahead
  • Programs and partnerships for accelerating the e-mobility transition