Webinar E-Mobility India
The Automobile sector contributes 49% to India’s manufacturing GDP and 7.1% to India’s GDP. The fossil fuel based transport sector accounts for 18% of total energy consumption in India. This translates to an estimated 94 million tonnes of oil equivalent energy. 123 million tonnes is contributed by the road transport segment alone.
Keeping in view the climate change commitments made by Government of India during the COP21 Summit held at Paris to reduce emission intensity by 33- 35% by 2030 from 2005 levels, it is pertinent to introduce alternative means in the transport sector which can be coupled with India’s rapid economic growth, rising urbanization, travel demand and country’s energy security.
The electric vehicle market in India is expected to be valued at $2bn by 2023.
Electric mobility presents a viable alternative in addressing these challenges, when packaged with innovative pricing solutions, appropriate technology and support infrastructure and thus, has been on the radar of Government of India.
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Ajay Singh
Senior Advisor to Commercial Counsellor Innovation, New Corporates and Start-Ups