Introduction
The Government of India (GoI) has set for itself a target of decreasing emissions intensity of its GDP by 45% in 2030 (from 2005 levels). At present, the road transportation sector accounts for 12% of India’s energy-related CO2 emissions. With the growing demand for private mobility and goods transportation, energy consumption and CO2 emissions from road transport is likely to double by 2050.
The Government of India has launched several initiatives such as the Faster Adoption and Manufacturing of Electric Vehicles (FAME), Production Linked Incentives (PLI), the National Electric Bus Program (NEBP), and PM e-Bus Sewa for the deployment of 50,000 electric buses, demonstrating significant strides in e-mobility.
Challenges persist, such as the nascency of the sector, rapidly evolving technology, uncertainty around useful life and salvage value, the absence of a secondary market, limited end-user financing options, and inadequate charging infrastructure. SAREP is actively working with public and private sector entities through its initiatives to address these issues and support India’s e-mobility goals.
The South Asian countries, apart from India, have also pledged to transition towards e-mobility.
The major targets announced in e-mobility are as follows:
- GoI has pledged that by 2030, 30% of all new vehicle sales in India will be electric
- GHG emissions reduction by 4% in the transport sector through e-mobility and other measures
- EV Passenger cars: 20% by 2025 and 50% by 2030
- E-Buses: 10% by 2025, 50% by 2030
- Medium vehicles/trucks: 5% by 2025, 20% by 2030
- Heavy vehicles/trucks: 5% by 2030
- EV Private vehicle sales – 25% by 2025 and 90% by 2030
- 4W Passenger vehicle sales – 20% by 2025 and 60% by 2030
- Develop 200 km of electric rail network
- Increase the market share of EVs to at least 15% of all registered vehicles by 2030
- Achieve Net-zero emissions by 2030
Key Interventions
- Procurement bid documents/contracts for PM’s eBus Sewa
- Stakeholder consultations for developing innovative business models for scaling up e-Bus deployment
- Facilitating export of ‘make in India’ electric buses
- Impact assessment of e-Bus transition
- US-India Payment Security Mechanism
- Designing and implementing innovative business models such as ‘EV charging as a service’
- Implementing the ‘Managed Services Partner’ model
- Supporting the development of public charging stations at Indian railway stations and in Bhutan
- Establishing renewable energy-based charging infrastructure in the Andaman & Nicobar Islands
- Developing the Charging Station Assessment Tool (CSAT) to identify priority locations for setting up charging infrastructure
- Developing cost economics, impact assessment and business case for enabling the transition to electric 4 wheelers
- Mobilizing investments in e-mobility by setting up investment platform and organising investor summits
- Supporting capital raise transactions
- Developing a Sustainable Transportation Roadmap for Bhutan
- Organizing study trips on e-Mobility for South Asian countries
- Developing a knowledge series for South Asian utilities on EV integration
Key Achievements
Award of 1390 e-buses under PM's e-Bus Sewa scheme done. 2nd tender for 3,808 e-buses released
Exchange visit for Bhutan government officials to get insights about the EV ecosystem in India
Use of Charging Station Assessment Tool (CSAT) to identify priority locations for setting up EV charging infrastructure in Delhi
Developed EV Technical Handbook for charging in partnership with Power Sector Skill Council (PSSC)
