Delhi leads in electric vehicle adoption with an overwhelming 11.5% penetration, the next being Kerala, on a way to sustainable transport solutions.
The electric vehicle (EV) adoption is getting closer to incredible levels. As FICCI and Yes Bank have recently said in a report, Delhi has emerged as the leader among states for EV penetration. From 2020 to 2021, per capita EV penetration increased by 11.5% in Delhi as the national capital strived toward a clean transportation system, an important step toward the motto of minimising carbon footprint and enriching compact mobility in the features.
Competitive Scenario
Soon following Delhi’s lead are Kerala and Assam with penetration rates of 11.1% and 10.0%, respectively. The two are fast catching up in e2W and e3W adoption critical for the overall greening of the Indian EV market. It is brought to notice by the report that awareness of the environment and government incentives work towards such features spurring growth across different regions.
Growth Rates
The report further elaborates that the highest CAGR states in FY 21-FY 24 in EV sales are Gujarat, Odisha, Kerala, and Punjab. This indicates the importance of the coordinated activity of states to help the other states learn the best strategies and practices for promoting EV uptake. Such collective endeavours of these states are very important for India to mark its ambitious net-zero target by 2070.
Changes in the Market
In FY24, five states together made up more than half of the total EV sales, with most sales concentrated in a small area. Indeed, there has been a much wider spread of sales of general EVs across four years, which indicates the much wider acceptance of electric mobility among end users. In fact, the report brings out clearly the role of the states as facilitators of this transition through supportive policies and infrastructural development.
Call to Action
This required a doubling of the penetration rate of EVs, as forecasted by the report, in time to meet national targets by 2030. State renewals towards EV policies until 2030 would be needed, particularly mandating public works and fleet operations to adopt EVs. Many have expired a bit, requiring a stable-long policy environment to attract investment and propel EV usage within India.
Roadmap to Victory
With that, the report manages to create a comprehensive roadmap that keeps the ambition very much alive between it and execution. It gives practical recommendations that can be undertaken to boost ZEV penetration across the country. Some of the suggestions are sustainable fiscal measures that would promote industry development and charging infrastructure, in the fast track of ZEV adoption.
Change with Urgency
Electric vehicles have been identified as one of the pillars supporting India’s sustainability agenda. There is, therefore, a very strong need for aggressive targets and their timely implementation and cohesive efforts. The report emphasised that making the shift toward a zero-emission future requires an immediate effort on all the stakeholders’ parts: government bodies, manufacturers, and consumers alike.
To conclude, electric vehicle adoption in Delhi sets the trend for other states to follow. Together with policy innovation and continued collaboration, a greener future through electric mobility will become a reality.
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