تحقیقات جهانی بازار بورس

Projected transition to electric vehicles in India and its impact on stakeholders

As electric vehicles share strong linkage with multiple sustainable development goals, India is aiming to achieve 30% electric vehicle (EV) share by year 2030 under the EV30@30 Campaign. The projected transition to EVs would: a) reduce consumption of petroleum fuels currently used for road transportation; b) shift the consumer demand from internal combustion engine based automobiles to EVs; and c) require additional electricity and network of charging infrastructure for energizing EVs. These changes are going to affect multiple stakeholders in different ways. This paper is a modest attempt to capture the projected transition to EVs in India and its impact on the stakeholders.

Impact assessment of stakeholders under various scenarios highlight that the transition is going to be challenging for central and state governments, petroleum sector and automobile industry whereas for electricity sector, it is expected to open new investment and business opportunities. For smooth transition to EVs, this study proposes synergy between stakeholders, revamping of automobile industry and introduction of green/pollution taxes on additional products and services.

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