Electric Mobility Paradigm Shift: Capturing the Opportunities
The electrification of road transport sector can be one of the pathways to reduce dependence on fossil fuel, and mitigate vehicular pollution. While there are several technologies like hybrid EV, plug-in hybrid vehicles, all electric/battery EV and fuel cell vehicles that can help achieve these objectives, this paper focuses only on all-electric/battery EV, with specific attention to passenger vehicles only.
The study in partnership with YES Bank suggests interventions for increasing the adoption of electric vehicles by capturing the front runners in EVs that can give the desired push to the electric mobility transition. It identifies the barriers impeding the large scale adoption of the identified front runners in this segment. The study also suggests policy and financial interventions required to upscale their adoption.
The study is based on stakeholder interactions with key sector experts to gauge perspectives on the topic and identify key gaps that need to be fulfilled to build long-term solutions towards adoption of EV on a large scale in India. The study also draws learning from international models and best practices.