India Targets Electric Vehicles ‘in a Very Big Way’ with 2030 Goal for All-Electric Fleet

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The Indian government is working on plans that could see it set a target of ensuring the country’s entire road fleet consists of electric vehicles (EVs) by 2030.

According to local media reports, Power Minister Piyush Goyal told the CII Annual Session the government would provide support for the nascent sector, adding that falling costs could soon see EVs dominate the auto market across the country.

“We are going to introduce electric vehicles in a very big way,” he was quoted as saying by The Times of India. “We are going to make electric vehicles self-sufficient like UJALA [a previous government initiative to promote LED light bulbs]. The idea is that by 2030, not a single petrol or diesel car should be sold in the country.”

He added that the Ministry of Heavy Industries and the The National Institution for Transforming India were working on a plan to promote the roll out of EVs, noting how the government had played a key role in supporting the development of India’s domestic automakers which subsequently led to a booming industry.

He argued the government could aid the sector up to the point where EVs become cost competitive, from where he expects to see rapid take up of a technology that reduces running costs, eases reliance on oil imports, and tackles air pollution.

“The cost of electric vehicles will start to pay for itself for consumers,” he said, according to the International Business Times. “We would love to see the electric vehicle industry run on its own.”

He also said any support for the industry could draw on the success of the UJALA scheme, which has already seen 500 million LEDs installed across India in the last two years.

And he trailed plans for EV car sharing schemes, centred on large urban areas such as Delhi.

Source: businessgreen.com