High Penetration of Electric Vehicles By 2030: NITI Aayog

  • On 5th April, 2019, NITI Aayog, together with Rocky Mountain Institute (RMI), released a report on opportunities for the automobile sector and government under the ‘Faster Adoption and Manufacturing of Electric Vehicles II’ (FAME II) scheme.
  • The report titled ‘India’s Electric Mobility Transformation: Progress to Date and Future Opportunities’, quantifies the direct oil and carbon savings that the incentivized green vehicles will deliver under the FAME II.
  • In order to capture the potential opportunity in 2030, batteries must remain a key focal point as they will continue to be the key cost driver of Electric Vehicles(EV).
  • As per the report, vehicles eligible under ....
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