NEW DELHI: India could achieve high penetration of electric vehicles (EV) by 2030 on the back of success of FAME II and other measures, according to a Niti Aayog report.
The penetration of EV vehicles could reach around 80 per cent in case of two-wheelers and 30 per cent for private cars, the report — India’s Electric Mobility Transformation: Progress to Date and Future Opportunities — by the Niti Aayog and the Rocky Mountain Institute.
The report quantifies direct oil and carbon savings that vehicles incentivised under the FAME II would deliver.
“According to the analysis, if FAME II and other measures in public and private space – are successful, India could realise EV sales penetration of 30 per cent of private cars, 70 per cent of commercial cars, 40 per cent of buses and 80 per cent of two and three-wheelers by 2030,” the report said.
Extrapolating from the same, it added that the lifetime cumulative oil and carbon savings of all electric vehicles deployed through 2030 could be many-fold larger than the direct savings from FAME II. (AGENCIES)
Follow our WhatsApp channel
