Currently one in four vehicles sold globally is electric but in India the adoption is less than 2% for passenger vehicles, less than 5% for two-wheelers and around 15% for three-wheelers, said Satyakam Arya, MD&CEO, Daimler India Commercial Vehicles. India, he said, needs a lot of support and incentives from the government to make the sustainable transition happen. “The FAME scheme will end in March 2024 but we are not over the trough in terms of EV adoption,” he said.
The world needs to reduce its carbon emissions by 45% in 2030 and achieve Net Zero emissions by 2050, according to the UN. But beyond international and bilateral engagements and meetings, everyone has a responsibility to future-proof their lifestyles. The adoption of EVs on a quicker scale can mitigate the worsening effects of climate change.
Ev Infrastructure: As reports surfaced about tech billionaire Elon Musk arriving in India next week to announce a Tesla manufacturing unit in Gujarat (although no official confirmation has come yet), the focus has once again shifted to ramp up the public infrastructure for electric vehicles (EVs) in the country in order to meet the ambitious 2030 goal of the government.
Fame Ii: The scrapping of the Faster Adoption and Manufacturing of Electric Vehicles in India-II (FAME-II) scheme in March 2024 may result in a reduction of sales in the short term, but will not impact in the long term, said Anirudh Ravi Narayanan, CEO of BNC Motors Pvt Ltd. The company makes electric motorbikes and scooters.