The Council on Energy, Environment and Water organized a panel discussion on Emerging Trends in Electric Vehicle Transport in New Delhi. Amitabh Kant, who participated in the event, released a report titled ‘Green India’s Motor Transport Sector’ prepared by ‘Centre for Energy Finance’. The report said the number of electric vehicles sold in the first six months of the 2022-23 financial year was more than the previous full year.
The share of electric vehicles in total vehicle sales is 6% by Sep 2022. And the Center for Energy Finance has developed a free online tool. Electric Mobility Dashboard, the platform, will update bi-monthly the electric vehicle sales at the national, state and RTO levels.
In this case, Amitabh Kant spoke about the electric vehicle industry and said: The sale of electric vehicles will not only control air pollution, it will also confirm India’s leadership in the production of electric two-wheelers and three-wheelers. Public transport is the backbone of a civilized society. So attention should be paid to electric buses as well.
Funding is critical to accelerating electric vehicle adoption. Loan loss guarantees, credit enhancement and blended finance can help inflow of private capital into the sector. A target of setting up 50 lakh fast charger stations should be set. Within the next 5 years, the Indian automobile industry should target 100% electrification of two-wheeler and three-wheeler sales. Said thus.