Key Messages

India is one of the fastest-growing large economies in the post-Covid era. The transport sector, a major contributor to India’s GDP, is currently dominated by internal combustion engine (ICE) vehicles and, therefore, is dependent on fossil fuels.

Existing EV policies have largely tried to lessen the financial burden of the retail user and promote the establishment of charging infrastructure for EV uptake. Further financial incentives or instruments for alleviating the pain of the high initial cost of the EV fleet are the need of the hour. The expansion of the charging infrastructure and the wide dissemination of technical know-how about EV-fleet management will boost the confidence of operators.

The switch to EV fleets will contribute to curbing transport-related emissions and has the potential to improve energy security in the long run.

Link to the article:

Rising Fossil Fuel Prices: A Good Time to Switch to EV Fleets?