Electric Mobility Market Assessment, Business Model and Action Plan in India
The deep economic transformation of India will be accompanied by rapid growth in passenger and freight demand and require a transition to more sustainable transport solutions. In this context, electric mobility (e-mobility) is anticipated to play a...
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| Format: | Report |
| Language: | English English |
| Published: |
Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099651206172224743/IDU02131336d03f5c04f11093bd095d144caa38f http://hdl.handle.net/10986/37898 |
| Summary: | The deep economic transformation of
India will be accompanied by rapid growth in passenger and
freight demand and require a transition to more sustainable
transport solutions. In this context, electric mobility
(e-mobility) is anticipated to play a major role in India’s
transport transition during this decade. The Government of
India has been steadily moving toward a “shared, connected
and electric” mobility ecosystem to achieve its stated goals
on emissions reductions, energy security and industrial
development. It is doing so through wide-ranging policy and
regulatory measures to encourage EV (Electric Vehicles)
adoption, creation of public charging infrastructure and
incentivizing domestic EV and battery manufacturing
facilities. Nonetheless, from a market penetration
perspective, as of 2021, India remains in its early phase of
adoption, compared to its ambitious targets. So how to
accelerate this transition and move from a 1% sale
penetration to a 30% penetration faster what levers can the
government at different levels activate to achieve higher
levels of penetration considering the different business
models at play what financial instruments to leverage As
part of our cooperation with NITI Aayog, our World Bank and
IFC team, together with Steer Group and UITP, outlined
scenarios, identified measures and quantified the impact of
such measures. This summary report presents the key findings
of this work and identifies solutions to accelerate such
uptake towards greener mobility. |
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