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India Aims to be a 100% Electric Vehicle Nation by 2030

Source: Taiwantrade | Updated: 27 February 2020

        India is undergoing rapid urbanization. It is expected that half of its cities will have a strong demand for transport and tourism every year from now to 2030. As a result, there will be a rapid increase in the numbers of vehicles and pollutants, jeopardizing the health and safety of the Indian people. India has therefore listed replacing fuel-powered vehicles for low-pollution electric vehicles as a key project in its national strategic development program. The goal is to reduce national carbon emissions by 33 to 35 percent by 2030 (2005 as the base year).

        The Indian government's determination to fully popularize electric vehicles can be clearly observed from its Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) scheme. FAME advocates the use of electric vehicles instead of fuel vehicles as the main transportation mode and sets incentives such as subsidies to stimulate the overall innovation of electric vehicle production and infrastructure. The first phase of FAME's scheme was launched in 2015. Its second phase, which will last three years, was also officially announced on April 1, 2019. Accordingly, the Indian Government will not only invest Rs 15 billion, Rs 50 billion and Rs 30 billion for FAME-II's operations over the next three years, but also a special committee under the Department of Heavy Industry was set up to oversee its operations.

        The installation of electric car charging stations is also a major focal point of FAME-II, under which a budget of 10 billion Rs has been set aside for establishing relevant infrastructure and measures, aiming to set up one charging station at every 3*3 square kilometers in the city area, and at least one station for every 25 kilometers on freeways.

        According to "Doing Business 2018," a flagship report released by the World Bank, India jumped to 100th place in the "Ease of Doing Business" index, a big leap by 30 places. While it falls far short of the Modi administration's goal to rank in the top 50, we can still detect a steady stream of vitality in the Indian electric vehicle market as the Indian government has been pumping incentive schemes into the industry.


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