Ambitious India needs better planning for e-mobility says GlobalData: Page 2 of 2

August 14, 2018 //By Julien Happich
Ambitious India needs better planning for e-mobility says GlobalData
As the world approaches peak oil and starts witnessing the consequences of climate change, electric vehicles (EVs) have emerged as an alternative to bring about a transportation transformation. Against this backdrop, the global EV market recorded an impressive 54% year-on-year growth in 2017.

Currently, the government’s EV fleet consists of the Mahindra e-Verito and the Tata Tigor EV. Various other automakers, including Hyundai and Maruti Suzuki, have started working extensively toward electrifying or introducing EVs in their portfolio.

Meanwhile, many companies such as Tata Power, Finnish state-owned company Fortum and cab aggregator Ola have started setting up charging stations in their captive facilities or in public places. Solar power developer ACME Group provided Ola with EcoCharge battery swapping and charging stations.

India is also a member of the Electric Vehicles Initiative (EVI) multi-governmental policy forum. The EVI forum was established in 2009 to accelerate the deployment of EVs worldwide and facilitate exchanges between policymakers and various stakeholders.

Singh concludes: “Despite the ambitious plans and initiatives of the government, there is a lack of consistency among visions and achievements. India sold only 22,000 battery electric vehicles in 2016, well short of the sales growth needed to meet the 6-7 million hybrid and electric vehicle sales target by 2020 in the NEMMP 2020. India needs to ensure greater coordination in the deployment of EVs as it moves forward.”

GlobalData – www.globaldata.com


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