Accelerating transport electrification in India by 2030
This report, in partnership with JMK Research & Analytics, estimates EV sales projections for 2030 across two, three, four wheelers and buses, and the subsequent charging station requirement to support those EVs. It highlights that at the current growth rate of EVs, India may only reach 5 crore EV sales by 2030. This is 40% less than the EV sales projected by NITI Aayog, which amounts to 8 crore EVs in absolute numbers (converting from 30% of private cars, 70% of commercial cars, 40% of buses and 80% of two and three-wheelers by 2030 to be electric). It presents 6 recommendations to accelerate EV penetration.