World EV Day and India
World EV Day and India Source: Business Standard
GS III: Economy; Environment
Overview
- News in Brief World EV Day and India
- EV Sales in India
- About World EV Day
Why in News?
A total of 15.4 million electric vehicles (EVs) will be shipped globally in 2023, with cars accounting for 97.1 per cent of the market, according to a forecast by research firm Gartner.
News in Brief
- This data was released ahead of World EV Day, which falls on September 9.
- The forecast for 2023 indicates that electric buses and vans will record 200,000 shipments each.
- Total shipments are expected to reach 18.5 million in 2024.
EV Sales in India (World EV Day and India)
- World EV Day and India, JMK Research released the status of EV Sales in India.
- EV sales in India are on the rise, according to data from JMK Research.
Source: Business Standard - Sales increased by 173.6 per cent to 1.25 million in 2022–23 (FY23), up from 460,000 in the previous year.
- In 2018-19, the figure was 150,000.
- Registered electric two wheelers account for the majority of the market share, totalling 48.8 per cent cumulatively until FY23.
- Between 2013-14 and FY23, Uttar Pradesh accounted for the highest sales at 20.6 per cent, followed by Maharashtra (10.2 per cent), Delhi (8.9 per cent), Karnataka (8.5 per cent), and Rajasthan (6.4 per cent).
- Data from the report reveals that Ola Electric recorded the highest two-wheeler sales growth at 21.2 per cent in FY23.
- In the three-wheeler segment, Mahindra Electric accounted for the highest market share at 9 per cent.
India Towards EV
- Faster Adoption and Manufacturing of Hybrid and Electric Vehicle
- Which has been instrumental in promoting EV adoption among the masses.
- FAME also promoted Indian legacy automakers and new EV startups to take bolder steps towards electrification.
- The scheme helps to reduction of carbon emissions and decreased expenditure of foreign currency spent on oil imports and has also given a boost to our domestic economy.
- National Electric Mobility Mission Plan (NEMMP)
- Sets out the target to achieve 6-7 million sales of hybrid and electric vehicles year on year from 2020 onwards by providing fiscal incentives.
- Go Electric campaign
- Aims to create awareness on the benefits of EVs and EV charging infrastructure.
- Bureau of Energy Efficiency (BEE), under the aegis of the Ministry of Power has been mandated
- To undertake an awareness drive for promoting public charging, e-mobility & its ecosystem.
- To push the country towards 100% e-mobility and clean and safe e-cooking.
- National Mission on Transformative Mobility and Battery Storage
- To create a comprehensive ecosystem for the adoption of EVs.
- Support the establishment of giga-scale battery manufacturing plants in India.
- Phased Manufacturing Program (PMP) will be launched to localize production across the entire EV value chain.
About World EV Day
- World EV Day, short for World Electric Vehicle Day.
- Held, every year, on 9th September.
- It is a global observance dedicated to promoting and celebrating electric vehicles (EVs) and sustainable transportation solutions.
- This annual event aims to raise awareness about the benefits of EVs, including
- Potential to reduce greenhouse gas emissions
- Improve air quality
- Enhance energy efficiency.
- World EV Day also serves as a platform to encourage the adoption of electric vehicles.
- It advocates for the transition to cleaner and more sustainable forms of transportation.
Key objectives and activities associated with World EV Day include:
- Promoting Sustainable Mobility
- World EV Day highlights the importance of transitioning from traditional internal combustion engine vehicles to electric vehicles
- It is a broader effort to reduce carbon emissions and combat climate change.
- Raising Awareness
- The day is an opportunity to educate the public about the advantages of electric vehicles, such as lower operating costs, reduced dependence on fossil fuels, and quieter and cleaner transportation.
- Showcasing Innovations
- Many organizations, including automakers, electric vehicle manufacturers, and technology companies, use World EV Day to showcase their latest EV models, innovations in charging infrastructure, and advancements in battery technology.
- Advocacy and Policy Support
- Environmental organizations and advocates often use World EV Day to call for policy changes and government incentives that promote the adoption of electric vehicles and the development of EV charging networks.
- Community Engagement
- Events, webinars, workshops, and test drives are organized to engage the community and provide hands-on experiences with electric vehicles.
- Corporate Initiatives
- Companies in the automotive and energy sectors may use the occasion to announce sustainability commitments, product launches, and initiatives related to electric mobility.
- Global Collaboration
- World EV Day encourages collaboration among governments, businesses, non-governmental organizations, and individuals to accelerate the transition to electric vehicles.
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