5th Smart Cities India 2019
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Transport India Expo

EV and Battery Tech India Summit 2018, 25 May 2018, Pragati Maidan, New Delhi, India
WRI India

Many countries have set targets to go emission free including India, which seeks that every vehicle sold in the country should be a zero-emission vehicle by 2030. Globally, around 95% of electric vehicles (EVs) are sold in just ten countries i.e. China, USA, Norway, UK, France, Germany, Netherlands, Sweden, Japan and Canada. These countries have strong policy strategies and incentives when it comes to owning electric vehicles.

In India, the time is ripe for EVs to become mainstream with the right technology and products. Active engagement of the government, both at the Centre and the State, with private players is the need of the hour for setting up a robust EV ecosystem. Investments need to be ramped up towards developing the next generation of EV technologies and products that will cater to the smart cities of tomorrow. The big shots of the automotive industry are also taking the electric route, and have already laid out a road map. This stupendous transformation will also serve solar power developers and lithium ion battery makers. The futures of solar power and EVs in India are closely interlinked, given that EVs have batteries that can offer a storage solution to India’s solar energy push. For energy firms, setting up of charging infrastructure is an attractive proposition as EVs will also generate fresh demand for electricity. Despite the euphoria surrounding India’s EV programme, speed bumps in the policy and corporate landscape remain. One such hindrance is that India does not have enough lithium reserves for manufacturing lithium-ion batteries. An effective charging infrastructure is required, which takes care of ‘range anxiety,’ and the necessary regulations for creating the ecosystem for electrical vehicles to operate smoothly. Other issues that persist include fast charging module, distribution licence, etc.

India needs to be prepared for the mobility transformation, and policymakers must take an in-depth look at the policies, and revamp the infrastructure. India has a huge potential to become one of the world’s largest automobile markets, and the government should start preparing for it. Stricter policies, better incentives and quality infrastructure must lead the way ahead.

At the EV and Battery Tech Summit, let’s try and address these challenges, and build a strategic road map to help the country achieve large-scale deployment of electric vehicles.

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