India’s EV Industry Leaders Convene in New Delhi to Propose Holistic Demand/Supply Solutions for Sustainable Growth

Over 80 EV Companies Collaborate with Policymakers to Achieve 30% Electrification Target by 2030

In a significant move to support the ambitious target of achieving 30 percent electrification of the vehicle fleet by 2030, over 80 EV industry representatives are meeting at the India Electric Mobility Council’s event in New Delhi. The event, titled “What’s after FAME II?, The Road Ahead,” aims to foster dialogue between policymakers, industry leaders, and stakeholders from various sectors, including e2W, e3W, e4W, E Bus, Truck, and Construction Equipment.

With the Indian automotive sector contributing 7.1 percent to the country’s GDP and becoming the third-largest automobile market globally, the need for close collaboration between manufacturers and policymakers has never been more critical. The Indian government has launched demand-side and supply-side incentives and policies, such as the FAME Vehicles Scheme and the Production Linked Incentive Scheme, to promote the adoption of clean energy vehicles.

To ensure a comprehensive and holistic policy framework, the India Electric Mobility Council is actively seeking industry inputs to finalize future policies. The event is graced by representatives from the entire EV ecosystem, policymakers, and opinion leaders, creating a conducive environment for collaboration and decision-making.

The main focus of the event is to brainstorm various inputs and suggestions to sustain continued growth beyond the applicability of FAME II until March 2024. Industry leaders, including Volvo, JBM, Tata Motors, Toyota Kirloskar, Mahindra, Reliance, Ola Electric, Gensol EV, and others, are actively engaging with the government to extend the scheme and enhance India’s EV market.

Ecosystem partners, including Alliance for Energy Efficient Economy (AEEE), Electric Mobility Financers Association of India (EMFAI), International Council on Clean Transportation (IICCT), OMI Foundation, and International Copper Association (ICAI), are also joining hands with the India Electric Mobility Council to support this critical initiative.

India Electric Mobility Council, an IESA initiative, is at the forefront of India’s EV ecosystem. With active membership from various automotive partner companies, IEMC is focusing on optimizing demand/supply incentives, charging infrastructure, electrification of commercial and heavy-duty vehicles, battery swapping/safety, financing, recycling, and other enabling factors to accelerate the adoption of clean and environmentally friendly transport in India.