Abstract:

This report, supported by Shakti Sustainable Energy Foundation, explores the impact of India’s electric vehicle transition on India’s economic recovery. It examines the impact of a 30 per cent EV sales share in 2030 on domestic value-addition, jobs, crude oil imports, revenue generated from taxes, local pollution and greenhouse gas (GHG) emissions. In addition, the study quantifies these impacts in different mode-share scenarios - (i) high public transport scenario, (ii) high private vehicle scenario, and (iii) shared mobility scenario. To realise the benefits of an EV transition, policymakers must focus on shaping the evolution of passenger transport mode-share. A majority of trips and passenger travel demand must be met by public transport and non-motorised transport options such as walking and cycling.