Electric Mobility in India : Accelerating Implementation
Governments, automotive manufacturers, energy companies, charging infrastructure operators, mobility service providers, technology providers and aggregators across the globe are preparing themselves for a rapid transition from conventional internal...
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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/772841622724981757/Electric-Mobility-in-India-Accelerating-Implementation http://hdl.handle.net/10986/35655 |
| Summary: | Governments, automotive manufacturers,
energy companies, charging infrastructure operators,
mobility service providers, technology providers and
aggregators across the globe are preparing themselves for a
rapid transition from conventional internal combustion
engine (ICE) vehicles to electric mobility. Increasing from
the current global sales of 2.1 million units in 2019,
electric vehicles are expected to account for nearly 57
percent of all vehicle sales and over 30 percent of all
vehicle fleet by 2040. International experience indicates
that the key factors responsible for driving this transition
are a) conducive policy and regulatory support across the
electric mobility value chain, b) technological advancements
(new and improved battery chemistries, automation in retail
electricity business) and c) increased customer preference
for green mobility options (influenced by rising fuel prices
and concerns regarding local air pollution, climate change).
An analysis was undertaken by the World Bank to review the
development of e-mobility in India, identify remaining
challenges and mitigation measures to support India’s
electric mobility vision. This report presents the findings
of the analysis and lays out a set of recommendations for
consideration by different stakeholders. |
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