Abstract:

COVID-19 has presented significant demand- and supply-side challenges for India’s transport and power sectors, from liquidity constraints and supply shortages to shifts in consumer demand and preferences. India, along with other parts of the world, is facing significant social and economic challenges after implementing measures to contain the spread of COVID-19. In response to the economic fallout, India announced a Rs 20 lakh crore (US$266 billion) relief package—one of the largest stimulus packages in the world as a share of gross domestic product (GDP). In this context, the Government of India’s premier think-tank NITI Aayog, Rocky Mountain Institute and RMI India released a report with recommendations based on four key principles. These principles can provide a guiding path for efforts towards building a clean, resilient, and least-cost energy future for India, including electric vehicles, energy storage, and renewable energy programs.