Amitabh Kant recommends that India aim for a 100% electrification of two- and three-wheelers by 2030

Amitabh Kant, the G20 Sherpa for India, said on Wednesday that the nation should aim for complete electrification of two and three-wheelers by 2030.

Additionally, he said that by 2030, India should aim to have 65% of its public transportation run on electricity.

According to Kant, India needs a defined policy framework to implement electric transportation.

 

The fourth Energy Transitions Working Group conference, which is now taking place in Panaji under India’s G20 Presidency, was the occasion for his remarks at a side event organized by the NITI Aayog on “Policy support and Enablers to Accelerate India’s Electric Mobility.”

 

“India should urbanize compactly when it does so. The area ought to be livable. The previous CEO of NITI Aayog said that electrifying two- and three-wheeled vehicles should be our top priority in India.

 

“India’s policy should aim to electrify all two- and three-wheeled transportation completely by 2030. Fix the goal and move backwards, whatever it takes, he advised.

 

Diesel and gasoline are aging technologies, according to Kant. “They (petrol and diesel) are soon going to be dead, and the age of electric vehicles is inevitable,” he said.

 

According to him, there are already 10 million electric vehicles sold worldwide, making up 18% of all new auto sales.

 

According to Kant, 10% of automobiles in the US, 15% of cars in Europe, and 60% of cars in China are electric.

 

According to him, India will follow a different trajectory than the United States and Europe.

 

Kant also advocated for the development of affordable financing for electric automobiles.

 

He said that the poor resale value of electric cars is a problem for financial lenders.

 

He suggested that the NITI Aayog get down with the financial institutions and figure out how to create a secondary market for these vehicles.

 

Building a strong pricing infrastructure across cities and villages using a PPP framework is another problem, according to Kant.

 

According to him, the car industry is very important to India since it accounts for 49% of the manufacturing sector and 8% to 9% of jobs.

 

“If India is not going to make that leap forward in electric vehicles, it will lose out on the market to become the world’s automobile global champion,” he said.