EVs,The New Age Vehicles To Drive More Benefits For India: OMI

The EV revolution is here in India and is gonna take Indian mobility by storm. There are certain things to keep in the mind and the most prudent of them all is the very fact that this EV revolution will drive more benefits for Indian mobility and the mobility market.

“In western markets, it is about the electrification of personal cars. For India, electrification of high utilization vehicles like e-rickshaws or e-vehicles for hyperlocal deliveries will maximize the benefits of e-mobility and make the promise of EVs more inclusive,” OMI(Ola Mobility Institute), Associate Director Aishwarya Raman told on the sidelines of the India Economic Summit.

Check out our articles on the EV scenario in India:

https://smartsustain.in/tamil-nadu-uncovers-its-new-ev-policy/

https://smartsustain.in/revolt-intellicorp-by-rahul-sharma-joins-the-electric-vehicle-league/

https://smartsustain.in/electric-vehicle-revolution-by-2030/

https://smartsustain.in/ev-charging-infrastructure-to-be-amended-in-india/

India has the potential to become one of the largest electric vehicle markets in the world.  This is on the back of a strong push by the government to curb pollution and reduce reliance on import-dependent fossil fuel. According to a report by the World Economic Forum and OMI.

“Fuelled by the national agenda of electrification and bolstered by government-led initiatives, public and private sectors alike are taking steps towards electric mobility. Use of EVs for delivery by e-commerce companies is an example,” she said. SR MSS KRH SR RKL ANU

OMI’s report titled ‘Beyond Nagpur: The Promise of Electric Mobility’, shares insights and observations from the nation’s first multi-modal E-Mobility pilot.

Ten states and union territories building momentum for electric vehicle usage across manufacturing, infrastructure and services sectors. Uttar Pradesh is targeting 2 lakh charging stations by 2024. Andhra Pradesh is targeting 100% electrification of buses by 2029.

“With many more states in the process of designing their EV policies, policymakers, businesses, can use this framework to analyze state policies for sustainability and longevity. The role of government is crucial for accelerating adoption. Right now, the uptake of electric vehicles is slow due to the high upfront cost and range anxiety. But, long-term investment in R&D will create sustained growth,” said Christopher Wolff, Head of Mobility, World Economic Forum, in a statement.

The report lays emphasis on spreading public awareness through the EV value chain. These include skilling programs in Tamil Nadu, fiscal incentives in Maharashtra and non-fiscal incentives like retro fitment services in Telangana.