MUMBAI: There’s a need to accelerate electric vehicle (EV) sales in Mumbai and across India, and also to set up more charging stations, else India will fall short of 40% of its 2030 sales projection, said a latest analysis report on Friday.
The report released by Climate Trends and JMK Research, showed that under the current wave of electric mobility policies, the country may only be able to reach 5 crore EV sales by 2030.
“India had set a target of EV sales penetration of 30% of private cars, 70% of commercial cars, 40% of buses and 80% of two and three-wheelers by 2030. In absolute numbers, this amounts to having 8 crore electric vehicles on the road by 2030,” the report stated.
The report estimated that India needs to have at least 39 lakh cumulative charging stations between 2022 and 2030, to support 8 crore EVs. This is based on eight EVs per charging station. This is much higher than the charging stations planned so far in this period.
“In electric mobility as well, the country needs much more coordination,” said Climate Trends director Aarti Khosla. “India has started on the right foot on e-mobility, with an enabling policy landscape and sales growing rapidly in some segments. But we need more coordinated efforts between states and centre in defining targets and incentives that align with national ambition, not to miss much greater focus on charging infrastructure and financial solutions for funding EVs,” she said.
The report further stated: “A few recommendations that can improve India’s chances of realising EV sales projections by 2030 -coordinated efforts across state policies and relevant government departments, and better alignment with national targets; focusing on 100% electrification of government-owned and aggregator fleets; introducing mandates for EVs, especially for government vehicles and three wheelers in select cities; offering financial solutions to OEMs, battery manufacturers and consumers; and defining clear targets in state policies for charging infrastructure.