As part of Paris agreement in 2015, India is committed to reduce the emission intensity of its gross domestic product (GHG emissions per unit GDP) by 33% – 35% over 2005 levels by 2030.

In order to meet its global commitment and mitigate adverse impact of the automobiles (ballooning oil import expenses and increasing air pollution), the government is keen to shift the narrative towards electric vehicles. The electric vehicle market in India is expected to be valued at $2bn by 2023. Government of India targets 30% electric vehicles by 2030.

The two-wheeler segment is expected to be valued at $2 bn by 2025 and penetration of 16% by 2025 whereas the four-wheeler segment is expected to be valued at $1.5 bn by 2025 and penetration of 5% by 2025.

Technology as enabler

Digital technologies are a significant enabler in achieving the sustainability goals of the green transformation of the mobility and transportation sectors. Recent interventions in the area of green transformation have opened a new door to electric mobility, such as the expansion of clean energy, the battery packs, technical advancement and industrial production of vehicles and various components. Mainstream adoption of electric mobility can be accomplished by addressing some of the challenges such as maintaining high battery efficiency, seamless customer experience across all touchpoints, infrastructure management and productivity enhancements.

The upcoming Virtual Roundtable “Mobility Redefined – Technology enablers for the EV Ecosystem” will feature a panel of renowned technology leaders from the EV ecosystem to explore how technology can identify and build the right value for their e-mobility business. The round table discussion will focus on how technology can help the EV ecosystem to thrive. It will bring the ‘who’s who’ of the industry under one roof to brainstorm on the synergies technology can bring to the entire EV lifecycle.

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