In a significant move to bolster India’s electric vehicle (EV) ecosystem, Union Minister for Power and New & Renewable Energy, Shri R. K. Singh, unveiled the EV-Ready India Dashboard. Developed by experts at the OMI Foundation, this digital platform, focuses on providing real-time data and forecasts concerning electric vehicle adoption, battery demand, charging infrastructure, and market growth trends. This innovative dashboard aims to promote inclusivity among industry stakeholders, policymakers, and EV enthusiasts.
The EV-Ready India Dashboard harnesses the potential of data and artificial intelligence to meet the demand for macroeconomic insights into India’s rapidly growing electric mobility sector. It predicts an impressive 45.5% compound annual Growth Rate (CAGR) in electric vehicle sales from 2022 to 2030. The projections indicate a shift from 6,90,550 electric two-wheelers (E2Ws) sold in 2022 to a remarkable 1,39,36,691 E2Ws by 2030.
Shri R. K. Singh, during the launch event, emphasized the inevitability of an electric future, stating, “The future is electric. Nobody can stop this. The price of storage will come down, and once that happens, diesel and petrol SUVs will be history. We will have electric vehicles, aligning with India’s journey as one of the largest economies globally.”
He further stressed the essential role of electric mobility in India’s economic growth and its commitment to environmental sustainability. “Decarbonizing the transport sector is absolutely essential to reduce carbon emissions,” he added.
Additionally, the Minister unveiled a dedicated dashboard to locate charging stations and book charging spaces in advance, streamlining the charging process for EV users.
Shri R. K. Singh also revealed plans for a new Production Linked Incentive (PLI) to reduce battery costs and promote electric vehicle adoption. He underlined the need to diversify from lithium resources to more secure supply chain options, like sodium-ion batteries. Such alternative chemistries would contribute to the security of supply chains, ensuring sustainable electric mobility in India.
The Union Minister noted that electric vehicles are not only essential for a growing economy but also crucial for climate action. “Our per capita emissions are one-third of the global average, and we have achieved our NDC commitments ahead of time. Transitioning to EVs will further reduce our emissions and help preserve our environment,” he explained.
Speaking at the event, G20 Sherpa, Government of India, Shri Amitabh Kant, praised the OMI Foundation’s EV-Ready India Dashboard for its transformative insights into electric mobility, emphasizing its significance in empowering policymakers and promoting India as a global leader in EV adoption.
The EV-Ready India Dashboard offers comprehensive, state-specific insights, tracks investment climate for EVs, and projects market growth and EV hotspots. It estimates over 1.6 crore annual EV deployments in India by 2030, with Maharashtra and Delhi leading in charging infrastructure. The dashboard also highlights the substantial reduction in CO2 emissions and the potential environmental benefits of accelerated EV adoption.
This all-in-one platform serves as a valuable resource for policymakers, the EV industry, and potential EV buyers, offering consolidated sales data, forecasts, financial incentives, policy updates, and charging infrastructure information. It aims to drive informed decision-making and foster collaboration for a sustainable EV future in India.
The launch event featured a panel discussion on “Data-Driven Decision Making in the EV Sector,” emphasizing the importance of data in shaping the future of electric mobility in India. The EV-Ready India Dashboard is a significant step forward in India’s journey toward a greener and more electric future.
EV Ready India Dashboard