Towards resource efficient electric vehicle sector in India
A report on resource efficiency in India's EV sector
In 2017, India announced its plans of going 100% electric by 2030 as a part of its larger commitments of COP21. Indian automobile industry has been growing at a Compound Annual Growth Rate (CAGR) of 4.4% from FY12-17, and absolute annual production is expected to reach 50 million in next 15 years from 25.3 million in 2017. With transportation sector accounting for 22% of world’s greenhouse gas emissions, this growth should take place in a sustainable manner, which is adoption of electric vehicles (EVs) for mobility.
In a resource scarce economy efficiency is the way forward. India should make itself adept in creating more with less or deliver great value with less impact.
This assessment study, produced under the European Union – Resource Efficiency Initiative (EU-REI), focusses on resource saving sustainable transport system using electric vehicles in India. It was presented at the 13th Sustainability Summit, organised by the Confederation of Indian Industry (CII) - ITC Centre of Excellence for Sustainable Development. The summit was held as part of European Union's Circular Economy Mission (CEM) to India under the EU-REI.
For more on the subject, please find here a presentation delivered at the summit.