Abstract:

The present transport system of conventional vehicles in India has faced challenges due to enormous air pollution, human health hazards, rising oil prices, insufficient indigenous fossil fuel reserves, heavy expenditure on oil import, energy insecurity, etc. An electrical vehicle (EV) is considered an alternative to conventional vehicles that can overcome these shortcomings. The study aims to get an overview of the electric vehicle policies of the government of India and its state governments to find out their relevance and impact on EV adoption in India. Exploratory research is used in the present case to carry out the study. Currently, the EV industry in India is in preliminary condition and in the growing stage. Government of India has framed policies such as “NEMMP 2020,” “FAME-I,” “FAME-II,” and Vehicle Scrappage policy. Seventeen of its state governments have formulated EV policies. These policies facilitated various incentives, infrastructure development, fund allocation, research and development, production, and sales. This will have strong impact on EV demand generation conversion of conventional vehicles to e-vehicle resulting in E-mobility transformation and EV hub in the region that is at par with other EV-developed countries in the world. However, the lack of policy and technology availability in the disposal and reprocessing of Li-ion batteries is a future limitation of EV prospects in the Indian context that needs to be considered.