Abstract:

This report titled “Electric vehicle - The colour is green”, focuses on paving the way from a policy perspective, which may lead to a transformative ecosystem, changing gears and making the shift from traditional dependencies on Internal Combustion Engines (ICE) to a more sustainable, low carbon, electric mobility based future. It highlights the rapid evolution in global policy agendas by market leaders in the field of electric mobility, who are transitioning from conventional technologies to new age smart mobility solutions. This report focuses on key recommendations in order to build momentum for electric vehicle adoption. It also highlights various business and financial models that can be implemented in order to successfully scale up electric vehicles. This report lays further emphasis on establishing electric mobility infrastructure, providing fiscal and non-fiscal incentives to the entire EV ecosystem, innovative business models as well as strengthening market linkages in this industry. The report proposes an EV roadmap with a call to action, through Agenda 30x30 which will focus on a total 30% adoption of electric vehicles, across all segments by 2030. This roadmap focuses on recommendations after assessing the policy landscape as well as use cases both globally and domestically. Lastly, this report is an opportunity for all players involved in the EV value chain, from policy makers to on-ground executors to study and adopt the best policies and use cases in the world to catalyze India’s latent potential in the EV space in order to generate both economic value as well as sustainable growth.