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29 November 2017 India's electronic vehicle ecosystem - who will drive the charge? The global automotive industry is at the cusp of a paradigm shift from internal combustion engine vehicles to zero emission vehicles owing to the stringent regulatory interventions by Governments worldwide as a result of depleting air quality and greenhouse gas emissions. India, too, is actively exploring cost effective and viable solutions to the problem of poor air quality in a number of its cities as well as reducing its excessive dependence on oil imports. The country has announced a significant shift to an all-electric fleet by 2030, which necessitates attention and action by automakers, suppliers (including battery manufacturers), dealers and utility players alike. As various stakeholders look to understand the implications of this transition and re-align their businesses with the Governments agenda, there are several questions that need to be answered. This study, one of EY’s point of views in a series of reports, looks to answer a few of these questions by providing a deep-dive into the foreseeable future of electric vehicle (EV) adoption across various vehicle segments in India. Document ID: 2017-6006 |
