Report provides a comprehensive assessment of current challenges and strategic recommendations needed to accelerate transition to electric mobility.
Challenges highlighted by report:
- Challenges of financing vehicles, especially electric buses and electric trucks
- Inadequacy of charging facilities and low utilization of existing public charging facilities
- Lack of adequate awareness regarding EV performance among public and private stakeholders
- Inadequate data and regulatory gaps hinder evidence-based decision making
Recommendations of report:
- Shift from Incentives to Mandates: Target timelines for zero emission vehicle adoption, disincentivizing internal combustion engine vehicles and expanding corporate average fuel efficiency (CAFÉ) norms.
- Financing: Offer lower interest loans for e-bus and e-truck procurement. Also explore battery leasing and vehicle leasing industries to convert high capital costs into operating costs.
- Saturation in Limited Geographies: Design programs to achieve 100% electrification of transport systems in few cities, then scale up to more cities
- Other: Scale up Research & Development, identify strategic charging hub locations, and facilitate private charge point operators etc.
About India Electric Mobility Index (IEMI)
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