Already the Centre has launched national E Mobility programme which will aggregate demand by procuring electric vehicles in bulk to get economies of scale
Government of India will hold a global e mobility conference in New Delhi between September 7 and 9. This aims to give boost to the Centre’s initiative on e-mobility and tackle challenges with regard to technology, particularly with respect to storage.
Prime Minister Narendra Modi at his speech at the Asian Infrastructure Investment Bank meet here today announced that the government was working on e mobility and said the ensuing global conference will help India in moving forward.
Already the Centre has launched national E Mobility programme which will aggregate demand by procuring electric vehicles in bulk to get economies of scale. These electric vehicles will replace the existing fleet of petrol and diesel vehicles. Energy Efficiency Services Limited (EESL) had procured 10,000 e-vehicles last year and will issue a new tender very soon for 10,000 more e-vehicles to cater to the growing demand. With these 20,000 electric cars, India is expected to save over 5 crore litres of fuel every year leading to a reduction of over 5.6 lakh tonnes of annual CO2 emission.
As per Niti Aayog India’s vision of mass conversion to electric vehicles can create a $300 billion domestic market for EV batteries by 2030. This is around 2/5th of the global battery demand and 25-40% of this market can be captured through ‘Make in India’, aimed at encouraging manufacturing and attracting foreign investment to India.
The Associated Chambers of Commerce and Industry of India (Assocham) director general DS Rawat said India needs a robust and competitive battery manufacturing supply chain in order to achieve significant electrification of automobiles by 2030 and beyond. He told DNA,’’However, lack of cleal long term policies, technology uncertainty, low mineral reserves and absence of major electric vehicle (EV) battery producers are preventing investments in battery storage technologies in the country.’’
MInistry of power officer, who did not want to be named, admitted that there was a need to develop new knowledge and skills to make new EV components; the high cost of importing EV parts is also prohibitive as compared to manufacturing EVs.
ELECTRIC VEHICLE
As per Niti Aayog India’s vision of mass conversion to electric vehicles can create a $300 billion domestic market for EV batteries by 2030. This is around 2/5th of the global battery demand and 25-40% of this market can be captured through ‘Make in India’, aimed at encouraging manufacturing and attracting foreign investment to India.
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