Abstract:

India remains in its early phase of adoption, compared to its ambitious targets from a market penetration perspective, as of 2021. The Government of India has set out its vision of achieving 30% of all vehicle sales to be electric by 2030, but current sales for cars and electric two wheelers (e2W) represented only only 0.2 percent and 1.3 percent of sales in 2021 respectively. Given the current level of penetration, achieving the adoption targets will require concerted action that moves India rapidly from a phase of initial adoption to one of accelerated transition. Accelerating adoption at scale requires a detailed look at three main factors of adoption: competitiveness compared to internal combustion engine (ICE) vehicles, access to charging infrastructure and access to financing. Actions across five dimensions can enhance those factors but require a coordinated effort at many levels. As a new technology cutting across sectors, EVs require systemic adjustments to governance and institutions, policies and regulations, procedures and procurement, energy infrastructure, and funding and financing approaches. EV implementation requires a high level of coordination, both vertical (national, states and urban local bodies) and horizontal (industry, transport, energy, urban, environment). Designating nodal agencies at the central and state levels to drive the policies and plans promoting EV adoption is a critical measure to achieve such coordination, as exemplified by Delhi. This report discussed the recommendations to be applied across all EV segments.