Shakti Participated in EV Dashboard Panel Discussion: Power of EV Sales Data in Policy

The growth in EV sales in India can strongly be attributed to the supportive policy landscape that the central and state governments have created. What are some areas where you see the need for more policy support to develop the overall e- mobility ecosystem (charging infrastructure, battery swapping, battery technology etc) in the country, which will in turn improve the appeal of electric vehicles among end users?

Some studies released earlier this year showed by 2025, electric vehicles will form 25% of the last mile delivery fleets. In December 2022, the penetration of EVs in two wheeler fleets was as low as 1 – 2% and 5-10% in three wheeler fleets. So a fairly large and ambitious jump is expected in the next 3 years. In your view, what factors and drivers will help this rapid penetration?

Narayankumar Sreekumar, Associate Director, Electric Mobility, Shakti, said,  “ In the short term, an effective EV policy should blend incentives and regulations. However, as electric vehicles become dominant and replace traditional engines, incentives may need to phase out to prevent disruptions in infrastructure revenue, assuming the industry fully transitions to EVs.”