India has set an ambitious target for electric vehicles by the year 2030. Under this, 70% of the vehicles sold for the specified period will be commercial cars, 30% private cars, 40% buses and 80% two wheelers and three wheelers will be electric. Roughly in terms of numbers, by the year 2030, 80 million electric vehicles will run on the roads.
According to a recent analysis released by Climate Trends and JMK Research, the current wave of electric vehicle policies (FAME 2, state government policies) and even a drop in battery prices over the past few years and in manufacturing facilities at the local level Despite the rapid adoption of electric vehicles as a result of the growth, India will have only 50 million electric vehicles by 2030, which is 40% less than the national target.
The report also estimated that India will need at least 39 lakh (based on the ratio of 8 electric vehicles per charging station) public or semi-public charging stations between 2022 and 2030 for smooth operation of 80 million electric vehicles. will need to be installed. This number is much higher than what is being planned for this period.
The study is titled ‘Meeting India’s National Target for Transport Electrification’ and was released at the ‘EV Market Conclave’ organized by JMK Research in New Delhi. The study analyzes all approved state EV policies and strongly recommends setting better and more ambitious targets at the state level to meet India’s national goal of electric vehicles.
While some states have kept the target related to electric vehicles in numerical form, some states have fixed it as a percentage of total vehicles while there are some states which have not set any target in this regard. There are only a handful of policies that have defined goals related to the charging infrastructure or the transition of the government vehicle fleet to electric vehicles. In addition, most policies do not set a deadline of 2030. They have been talked about providing support only from the year 2022 to 2026.
Aarti Khosla, Director, Climate Trends said, “Electric vehicles have become financially viable these days. Electric vehicles will play a very important role in achieving India’s ambitious target of net zero emissions. Progress on clean energy- such as renewable energy targets is driven by state policies.
In the matter of electric mobility also, the country needs more coordination between the states. India has started taking steps in the right direction in the field of e-mobility. The sales of electric vehicles in certain classes of vehicles are increasing rapidly due to some enabling policies.
However, we need even more coordinated efforts between the central and state governments. Particularly in terms of defining goals and incentives that are consistent with national goals and policies. In addition, there is a need to focus more on providing financial solutions for financing of charging infrastructure and electric vehicles.”
Jyoti Gulia, Founder and CEO, JMK Research and Analysis said, “If the current trend continues, India will be 40% behind its target set for 2030. India can apply simple yet effective methods to bridge this gap. Mere encouragement will not work.
All states will have to specify clear targets to upgrade their charging infrastructure. This is the first requirement, which will determine the trend of adopting electric vehicles in India.
Following the example emerging globally, India should consider issuing orders for 100% electrification of the government vehicle fleet and a certain percentage of the vehicle aggregator fleet should also be made electric.
The study has made six suggestions that India can improve its chances of achieving its goals set for the year 2020. These suggestions focus on coordinated efforts between various state policies and relevant government departments and better alignment towards national goals.
These suggestions set clear targets for 100% electrification of government vehicles and aggregator fleet, issuing mandates for government vehicles and three wheelers, especially in select cities, offering financial solutions to OEMs, battery manufacturers and consumers, and charging infrastructure. focused on doing. By implementing these, India will be in a better position to convert its ICE vehicles to electric vehicles.
Given the large number of small vehicles such as 2 wheelers, 3 wheelers, economy 4 wheelers and small goods vehicles in the country, India has the opportunity to play a leadership role in the electrification of small vehicles.