Electric Vehicles on the move says Niti Aayog CEO
Niti Aayog CEO Amitabh Kant has urged the auto industry stakeholders to replace the ICE Internal Combustion Engine two-wheelers with electric vehicles.
Electric Vehicles on the move
In his tweet, he said that Volvo Car India will launch one electric vehicle annually. It aspires to become a fully electric car company. Kia has revealed the 1st images of EV6-its first dedicated battery electric vehicle (BEV) built on its new Electric Global Modular Platform.
Electric Vehicles on the move:Volvo Car India will launch one electric vehicle annually. It aspires to become a fully electric car company. Kia has revealed the 1st images of EV6-its first dedicated battery electric vehicle (BEV) built on its new Electric Global Modular Platform.
— Amitabh Kant (@amitabhk87) March 11, 2021
India has taken the lead in the manufacturing of EV Vehicles. The dominance & leadership that India has in traditional ICE 2 wheelers must be replicated in EVs. Firms like Bajaj, OLA, Ather, Okinawa, Kinetic, Revolt, TVS are all pursuing manufacturing for India & global markets.
India has taken the lead in the manufacturing of EV Vehicles. The dominance & leadership that India has in traditional ICE 2 wheelers must be replicated in EVs. Firms like Bajaj, OLA, Ather, Okinawa, Kinetic, Revolt, TVS are all pursuing manufacturing for India & global markets.
— Amitabh Kant (@amitabhk87) March 11, 2021
The world is at the cusp of a mobility revolution that will be EV driven. 2W & 3W constitute 80% of total sales in India. These r low-hanging fruits. We should target 100% electrification of new 2/3 W sales in near future. Will give size & scale to penetrate global markets.
The world is at the cusp of mobility revolution which will be EV driven.
2W & 3W constitute 80% of total sales in India. These r low-hanging fruits.We should target for 100% electrification of new 2/3 W sales in near future. Will give size & scale to penetrate global markets .— Amitabh Kant (@amitabhk87) March 11, 2021
As per the Rocky Mountain Institute (RMI) and Niti Aayog, India’s transition to electric vehicles will need a capital investment of around ₹19.70 lakh crore in sectors like EV manufacturing, charging infrastructure and battery development over the next decade. It says that there is a ₹3.70 lakh crore business opportunity for the financing of electric vehicles in India by 2030.
EV Sales in 2020
According to the Society of Indian Automobile Manufacturers, there were 3,400 electric cars and 1.52 lakh electric two-wheelers sold in India.
As per the Rocky Mountain Institute (RMI) and Niti Aayog, India’s transition to electric vehicles will need a capital investment of around ₹19.70 lakh crore in sectors like EV manufacturing, charging infrastructure and battery development over the next decade. It says that there is a ₹3.70 lakh crore business opportunity for the financing of electric vehicles in India by 2030.
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