India expects to increase the uptake rate of electric two-wheelers and three-wheelers to accelerate the transition to clean energy. This move would involve the government and transportation industry stakeholders working together to ease the transition and realize the targets set for 2030. A study by Indian experts demonstrated that many Indian states are still lagging due to insufficient policy advocacy to explain the incentives and additions that come with electric vehicles and their technology. The people and car manufacturers are keen to understand how the batteries would be recycled to work appropriately or alternatives to resolve the battery problem.
India’s KPMG has outlined its targets, beginning with the two-wheelers and three-wheelers before following it up with the electric passenger fleet and finally the personalized models. Additionally, the country anticipates the buses’ electrification by a minimum of 10 percent at the end of this decade. Rohan Rao of KPMG’s subsidiary Partner – Industrials and Automotive revealed that this adoption pathway would start from the basic level before taking roots in the advanced levels like buses and trucks since the primary level has many users.
Rohan enumerated that factors like charging facilities, ecosystem management funds, affordable battery rates, and customer education will accelerate the quick uptake of the electric vehicles together with their technology. Additionally, the Indian government is championing the redress of the adoption barriers and encouraging electric vehicle manufacturers to accommodate this crucial industry’s growth. Car developers must take this opportunity to maximize their market share in the transportation industry by developing the required car models.
Rohan illustrated how the cost of operating electric vehicles is more affordable than running an ICE car. He added that the range of anxiety would be extinct once the charging infrastructure installation takes shape in the entire country. Furthermore, the Indian government motivates the local manufacturers to develop these electric vehicles’ components to help maintain the county’s profits. The government, through the FAME-II program, is teaching the indigenous manufacturers the skills to generate their components.
According to Rohan Rao, the Indian government is preparing to unveil the country’s battery manufacturing plant. Rao expressed his joy, saying that all these strategies will facilitate the expansion of the electric vehicle industry and minimize emissions that degenerate the country’s efforts to overcome global warming. The government idealizes that the internal manufacturing of components and their subsequent assembly will grant it independence of production and create employment opportunities for its people. Additionally, these measures will help to reinforce the essence of recycling components rather than discarding vital components.
Other measures that will escalate the uptake rate of electric vehicles include increasing registration for conventional cars, overpricing the charging slots for ICE cars, and giving incentives and subsidies to individuals who deregister their conventional cars and take up the clean new models. If India adopted these measures, then it will be heading towards net-zero emissions in the transportation sector.
To conclude, India is evaluating mechanisms that will help it minimize the importation of these cars’ crucial components. The government welcomes all ideas on how it can resolve the challenge from its citizens.