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Project: India provides massive potential for e-vehicles uptake, says Sharma

Fiinews by Fiinews
July 23, 2022
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NITI Aayog-UK Govt collaborates on charging infra and battery storage

India is the fifth largest and fastest growing vehicle market in the world, providing massive potential for electric vehicle uptake, COP 26 President Alok Sharma said during a visit to New Delhi.

“The shift to Zero Emission Vehicles (ZEVs) is well underway and accelerating, creating 100,000s of new e-mobility jobs, driving down technology costs, ensuring the air we breathe is cleaner and reducing our reliance on imported fuels,” said Sharma after launching two reports by NITI Aayog.

Sharma, along with Vice Chairman of NITI Aayog Suman Bery and CEO of NITI Aayog Parameswaran Iyer, launched the two reports during the 21-22 July visit.

These are the E-AMRIT (Accelerated e-Mobility Revolution for India’s Transportation) mobile application to raise awareness on electric mobility and the Report on Advanced Chemistry Cell Battery Reuse and Recycling Market in India.

To bolster this low carbon infrastructure, NITI Aayog has been collaborating with the UK Government in the areas of e-vehicles, charging infrastructure and battery storage, he noted.

While launching the UK-NITI Aayog collaborative initiatives on electric mobility, Sharma said, “These initiatives demonstrate the sustained value of UK-India collaboration not only on electric vehicles infrastructure, but on taking action to tackle climate change as a whole. I look forward to continuing our partnership into the future.”

Addressing the delegation, Bery noted, “Electrification of the transport system is the key driver of India’s transformational mobility paradigm. Catalysing this green transition will require a multi-fold increase in public as well as private capital flows to build India’s new green infrastructure.”

During the launch of the EV initiatives, Iyer highlighted that rapid development of the EV ecosystem will bolster India’s EV adoption to grow exponentially over the next decade. This will be boosted by the industry’s increased participation, international collaborations and supportive government policies,

The e-AMRIT app offers users key information like engagement tools that enable them to assess benefits of electric vehicles, determine savings and get all the information on developments in the Indian electric vehicle market and industry at their fingertips.

The report on “Advanced Chemistry Cell Battery Reuse and Recycling Market in India” supported by the UK’s Green Growth Fund Technical Cooperation Facility, is aimed at promoting battery recycling of current and evolving battery technologies, and the battery supply chain as uptake of electric vehicles increase in India.

The report highlights the crucial role of energy storage in accomplishing India’s COP26 goals.

India is among 42 leaders to sign the UK’s Glasgow Breakthroughs launched at the COP26 climate summit. India is also a co-convener of the Glasgow Breakthrough on Road Transport together with the UK and the US.

The Breakthrough on Road Transport aims to make ZEVs, including 2&3-wheelers, cars, vans and Heavy-Duty Vehicles, the new normal by making them affordable, accessible and sustainable in all regions by 2030. fiinews.com

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