Indian electric-vehicle plan to boost shared mobility

Subject

India's new electric vehicle promotion plan.

Significance

India has implemented a new policy to support electromobility by 2030 based on a 1.4-billion-dollar incentive package primarily comprising subsidies for the purchase of electric vehicles (EVs). The policy targets low-cost electric mobility options such as two- and three-wheeled vehicles and public transport. This contrasts with the global focus on electrifying passenger cars, as rates of private vehicle ownership rise in developing countries.

Impacts

• The success of the policy hinges on the scale of charging infrastructure or the facilitation of alternatives such as swappable batteries.
• Sales of internal combustion engine vehicles in the two-wheeler segment will face growing competition from EVs.
• India could leapfrog to shared electric mobility if the policy is successfully implemented.