TimesTech Print Media is organising
eVehicle Virtual Conclave
Electric Mobility Drives to a Brighter Future
21 May 2021
11:00 AM – 3:00 PM IST
About The Summit
Indian electric vehicle story has certainly taken off. In the last few years, over 200 startups have sprung up to work in the EV ecosystem as manufacturers and service providers. The excitement around EV is ever increasing and the value chain is being created minus the flip-flop from the policy side.
India, home to 15 of the world’s 20 most polluted cities, loses over a million lives every year due to pollution while it costs about 8.5% to the country’s GDP. If the pollution is brought down by 20-30%, then 1.3 years will be added to the average age of the population in India and in 3 years to residents of Delhi and other most polluted areas of the country.
Under the Paris Agreement, India has made some commitments, which include the country’s greenhouse gas emission intensity of its GDP will be reduced by 33-35% below 2005 levels by 2030 and that 40% of its power capacity would be based on non-fossil fuel sources. This will compel India to adopt EV or alternative/clean fuel for vehicles. The government rightly understood the need for change and provided a push for electrification of the fleet; it has now even realized the need for a multi-pronged approach to reduce the pollution level.
This transformation in terms of energy and mobility solutions in the automotive industry is of prime importance to ensure that cities are well prepared for future innovations. Electric Vehicle is undoubtedly the prime candidate to aid in this scenario. In the last two-three years, India has seen a surge of over 200 startups which are working in the EV ecosystem, apart from the conventional players taking a strong plunge into it.