OVERVIEW
One of the pillars of economic development for any country, the TRANSPORTATION NETWORK, is critical to the national infrastructure. However, it has been a major cause of greenhouse gases and efforts are ongoing to reduce the carbon footprint to address environmental issues and decrease their dependence on fossil fuels. India is still following BS IV as against EURO 6 implemented in European countries, which is equivalent to BS VI.
THE WAY FORWARD FOR SMART MOBILITY IN INDIA
There are three key stakeholders that play an integral role in India’s transition towards carbon free smart mobility apart from the end consumer.
Government
By defining the regulations on emissions and fuel efficiency, clarifying aspirations, strategic intent and direction, exploring incentives and subsidies, it can support EV and alternate fuel adoption, thereby focusing on developing a supportive ecosystem for the future smart cities of India.
Power, Fuel and Charging Infrastructure Companies
By laying down a foundation of support, innovating on business models (e.g., retrofitting existing vehicles to work of NGV, deploying fast charging stations, etc.), making the economics of (fast) charging infrastructure work, providing options for end-users to choose cleaner fuels, they can enable easy and rapid adoption of this change.
Automotive Industry
By changing the product and component mix, bringing EV and NGV components and vehicles to life, building the right talent pool and skill set, improving the performance of vehicles and building scale, the industry can drive the Smart Mobility disruption in India.MARKET TRENDS
The government of India has an
ambitious aim of becoming 100%
electric vehicle nation by 2030, and
the FAME (Faster Adoption and
Manufacturing of Hybrid and Electric
vehicles) program is a step towards
achieving the goal
"We think India is going to be a
fantastic market for mobility services
for a number of reasons. The first
reason being that the
government is initiating a
number of programs to allow
cities to experiment with new
mobility options," Rajendra Rao,,
CEO, Ford Smart Mobility (FSM)
Suzuki along with Toshiba and Denso
announced an investment of INR 1,151
crore in setting up a lithium ion
battery plant in Gujarat
Mahindra and Ford Motor
Company have joined hands for
three years and have a strong
focus towards developing
electric cars for Indian market
The alternative fuel and hybrid
vehicle market is expected to reach
US$ 614 billion by 2022
