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With the aims to promote green mobility in the state, Uttar Pradesh Government has recently launched new Electric Vehicle and Mobility Policy 2019. Electric Vehicles are widely gaining market across the globe. Due to high pressure and fast depletion of fossil fuels, electric mobility has become necessary to reduce the impact of transportation on the environment and climate change. The recent Paris Agreement enforced in November 2016 provides to limit Carbon dioxide emissions to control global warming and threats of climate change. Electrification of the automotive industry aims at achieving the set objectives by decarbonizing the transport system.
The Indian automobile industry is one of the largest growing industry in the world, and the sector promises further growth in manufacturing sector driving the country’s economic growth. Since presently the automobile industry largely contributes to pollution, the government is promoting electric mobility towards this.
In 2018, the global electric car fleet exceeded 5.1 million from 2 million in the previous year and almost doubling the number of new electric car sales. With the rapid expansion in electric mobility, the private and public charging infrastructure has been continuously expanding. The annual growth rate of publicly available charging infrastructure was higher than the electric car stock growth rate on a global level.
The Electric Vehicle market in India is set to go enormous and is estimated to be around 80 lacs by 2020, and approximately 5 crores by 2030. Prices of Lithium Batteries are rapidly going down, thereby making EVs cheaper. Electric Vehicles Storage Opportunities (in GW) in India is anticipated to grow at CAGR 44% until 2022.
In a recent report published by FICCI and Rocky Mountain Institute, it has been estimated that India’s shift to shared, electric and connected mobility could help save up to Rs.20,00,000 Crores in oil imports and nearly 1 Giga Tonnes of carbon dioxide emissions by 2030. The report further states that the sales of 4-wheel EVs are expected to exceed that of internal combustion engines (ICEs) in India by 2027.
In order to boost the manufacturing of hybrid and electric vehicles in India, Government of India has launched the Faster Adoption and Manufacturing of (Hybrid & Electric Vehicles in India (FAME Scheme) in 2015, under National Electric Mobility Mission Plan (NEMMP) with an aim to promote eco-friendly vehicles in the country. It has set an ambitious target of 6-7 million sales of hybrid and electric vehicles year on year from 2020 onwards in India, thereby creating wide opportunities in EV manufacturing. Extending the Scheme, Government of India has come up with FAME II, and National Mission on Electric Mobility & Battery Storage has been launched.
Indian automobile industry became the 4th largest in the world by producing a total of nearly 30.92 million vehicles including passenger vehicles, commercial vehicles, three-wheelers, two-wheelers in FY 2018-19 as against 29.09 million in FY 2017-2018 registering a growth of 6.26% over the same period last year. Domestic automobile production increased at 7.08 % CAGR between FY 2013-18.
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Uttar Pradesh Electric Vehicle and Mobility Policy 2019
India is also a prominent auto exporter where automobile exports grew 15.54% during April-March and now the country is also on course to become the third-largest producer of the car in the world. Transforming this large sector, Government of India is determined to curb polluting emissions from the automobile industry and envisions to switch to 100% hybrid or electric vehicles by 2030.
This article first appeared on urbantransportnews.com
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