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Electric Vehicles

This mission is critical for India to reduce fossil fuel consumption and mitigate emissions by facilitating the production of Electric Vehicles (EVs) economically.

Electric Vehicles
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Introduction

India is the 4th largest vehicle market in the world. Though the current automobile market is dominated by fossil fuel-based vehicles, the Indian government has set up ambitious targets and enacted conducive policies to ensure that electric vehicles replace fossil fuel-based vehicles as the primary mode of transport. Under the National Electric Mobility Plan (NEMMP) 2020, there is an ambitious target to achieve 6-7 million sales of hybrid and electric vehicles year on year from 2020 onwards (1).  Additionally, the Government of India seeks to realize the electric dream of 400 million customers by the year 2030 (2) .  Taking a proactive step towards achieving these targets, recently the government announced the Phase II of the Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME) Scheme, with an outlay of Rs. 10,000 Crore for a period of 3 years commencing from 1st April 2019 (3).  The scheme includes demand incentives to the customers for purchasing electric vehicles, incentives to the manufacturers for research and development besides developing the charging infrastructure (4).  In addition to the economic benefits, especially the job creation potential in the MSME sector, making the switch to electric vehicles shall have significant environmental benefits as well. Vehicles eligible under FAME II scheme can cumulatively save 5.4 million tons of oil equivalent over their lifetime, worth INR 17.2 thousand crores (5). 

Keeping the aforementioned benefits of switching to electric vehicles, the ‘Electric Vehciles’ mission of the PM-STIAC aims to develop vehicle sub-systems and components specific to Indian requirements. It is to assist speedy adoption of electric vehicles by making their use viable.

Objectives

  • ev1

    To facilitate focused research, development and innovation in order to build indigenous capability

  • ev2

    To develop vehicle subsystems and components for Indian requirements including rare earth based electric motors, Li-ion batteries, power electronics etc.

ev1

To facilitate focused research, development and innovation in order to build indigenous capability

ev2

To develop vehicle subsystems and components for Indian requirements including rare earth based electric motors, Li-ion batteries, power electronics etc.

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Publications & Reports

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National Electric Mobility Mission

Jul 30 2021
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Electric Vehicles

Status quo analysis of various segments of EV's and low carbon passenger road transport in India

Jul 23 2021
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Mobilizing Finance For Electric Vehicle's in India

Jan 01 2021
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Lead Partners

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Sustainable Development Goals

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