Business

How Electric Vehicles Are Paving the Way for a Greener India: A 2030 Vision

Decarbonising India’s Mobility Sector

Decarbonising India’s mobility sector is crucial to achieving steep climate goals. The automotive industry, a major contributor to greenhouse gas emissions, particularly carbon dioxide (CO2), is at the forefront of the climate-change fight. In India, the transport sector accounts for ~12% of GHG, with road transport emitting 90% of that.

How EVs can help reduce 38 mt of CO2 emissions in India by 2030

By the end of this fiscal, the share of EVs in domestic vehicle sales is expected to be ~2.5% for passenger vehicles, ~6% in two-wheelers, ~18.5% in three-wheelers, ~6.6% in buses, and ~2.5% in small commercial vehicles.

Government Initiatives and Industry Efforts

The government has implemented several initiatives, such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME I and II), focusing on demand incentives and incentives for charge point operators. The automotive industry is also making strides towards decarbonisation, with significant investments in research and development to produce zero-emission vehicles.

The Roadmap to Decarbonisation

A detailed and practical roadmap to decarbonise India's automotive sector, aligning with the Paris Climate Agreement, is critical. Progress on implementation needs to be reviewed regularly to ensure alignment with the goals set, through course-corrections.

Conclusion

By the end of FY30, EV penetration in domestic sales is expected to be 15-20% in passenger vehicles, 35-40% in two-wheelers, ~35-40% in three-wheelers, ~20-25% in buses, and ~10-15% in small commercial vehicles. This shift is estimated to reduce CO2 emissions by ~38 million tonnes.