Electric Vehicles

Targets in State Policies Need to Complement National EV Forecasts The automobile industry, especially the Electric Vehicle market, is growing at a rapid pace in India. Government policies (FAME-related), participation of start-ups in manufacturing, and the simultaneous growth in charging infrastructure has fuelled faster adoption of Electric Vehicles. A report by Government of India’s think-tank NITI Aayog, in partnership with Rocky Mountain Initiative (RMI) India, analyses that if FAME II and other measures are successful, India could realize EV sales…

Charging Stations – Requirement of more than 20 lakh on the anvil India is at the cusp of witnessing the most prominent transition in the automotive space – that of traditional Internal Combustion Engine (ICE) driven market to a new era of EVs. The pace of EV adoption, though slow, is steady. Post witnessing a small dip in sales in FY2021, the EV sales surged more than 200% in FY2022. In fact, FY2022 was the first year that witnessed EV…

Battery Swapping Policy (2022) – Laying Groundwork for Future Battery Accessibility The Government of India allowed sales and registration of EVs without batteries in August 2020. The immediate outcome of this announcement is the reduction in upfront costs of an electric two-wheeler (E2W) and electric three-wheeler (E3W) as battery accounts for 30-40 percent of an electric vehicle’s cost. One of the other linked outcomes of this decision is the promotion battery swapping in India. Battery swapping is an alternative which…

Delhi Government To Mandate Conversion Of Vehicles By Aggregators To All-Electric By April 1, 2030 After announcing the subsidy on electric cycles, the state of Delhi has once again taken a pro-active step to increase the adoption of EVs with the announcement of the Delhi Motor Vehicle Aggregator Scheme on July 5, 2022. The draft scheme is intended for licensing and regulation of aggregators providing passenger transport services and for regulation of other delivery aggregators providing delivery service of goods…