Abstract:

The EV (Electric vehicle) revolution has just begun in India. The adoption of EVs in India is poised to grow in the coming years, although battery charging infrastructure remains a valid concern among potential consumers. In India, the central government had asked its think-tank the NITI Aayog to develop a policy which will help promote EVs in the Indian market. The NITI Aayog has put out a proposal stating that after 2025, only EV two and three-wheelers must be exclusively sold in the country. To encourage faster adoption of electric and hybrid vehicles by way of offering upfront incentives on the purchase of electric vehicles and establishing necessary charging infrastructure for electric vehicles, in March 2019, the Union Cabinet approved the proposal to implement a program titled ‘Faster Adoption and Manufacturing of Electric Vehicles’ in India Phase II (FAME India Phase II).