Undertaken By: Council on Energy, Environment and Water, Recent Publication: 2020
Globally, the electric mobility transition is underway driven by concerns around energy security, climate change and local air pollution. While India is increasingly looking at electric mobility as a viable mode of transport, the e-mobility transition in India is yet to take-off in a full-fledged manner. In 2017, less than 0.1% of the 21 million vehicles sold were electric. A range of barriers to EV adoption have been identified including upfront costs, lack of charging infrastructure and the absence of a clear EV policy.
Considerable uncertainties also remain pertaining to fundamental aspects including the macroeconomic impacts of transitioning to e-mobility. A clear understanding of whether EVs present a winning industry for India will be crucial for policymakers in their attempts to design strategies to indigenize it. The studies under this initiative seek to understand the components of the e-mobility ecosystem in India, the scope of economic growth present in the electric vehicle industry and the risks, if any, associated with the EV transition.