EV Adoption & Forecast Dashboard Launched

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On Monday, the “EV-Ready India Dashboard” was unveiled by R K Singh, the Union Minister of Power, New and Renewable Energy. This interactive platform enables users to monitor, evaluate, and showcase essential growth metrics and indicators for electric vehicles in India. Crafted by the Ola Mobility Institute (OMI) Foundation, a policy research and advocacy group, this tool is free.

India’s automotive landscape is rapidly evolving, with projections indicating that by 2030, over 1.6 crore electric vehicles (EVs) will be on the country’s roads annually. Maharashtra and Delhi will lead with 2531 and 1815 charging stations, respectively.

These insights are derived from the newly launched EV-Ready India Dashboard, introduced by R K Singh, the Union Minister of Power, New and Renewable Energy. The OMI Foundation, a think tank focusing on mobility and governance, developed this dashboard.

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The platform, open for public access, aggregates sales data from all VAHAN states and Telangana. It provides insights into charging infrastructure, battery demand trends, and total cost of ownership comparisons. Additionally, it offers features like booking charging spots in advance. The dashboard predicts a 45.5% compound annual Growth Rate (CAGR) for EVs from 2022 to 2030, with electric two-wheeler sales surging from 6,90,550 units in 2022 to 1,39,36,691 units in 2030.

The platform’s data highlights Tamil Nadu as the primary manufacturing hub for electric two-wheelers, Telangana for electric three-wheelers, Maharashtra for electric four-wheelers, Gujarat for batteries, and Karnataka for research and development. Chandigarh boasts the most affordable public charging rate at INR 3.6 per kWh, 73% less than the national average.

The dashboard also indicates that India has reduced CO2 emissions by an estimated 5.18 million tonnes in 2023, equivalent to planting 85.47 million tree seedlings, covering an area double the size of the Lakshadweep islands.

Emphasizing the importance of transitioning to electricity, the Union Minister remarked on India’s progress in renewable energy and emission reductions. He expressed confidence that India would exceed its 2030 target of sourcing 50% of its energy from non-fossil fuels.

He further highlighted the significance of EVs in India’s journey towards energy independence and environmental conservation. He noted the current count of charging stations in India stands at 10,000.

During the launch, Amitabh Kant, G20 Sherpa, emphasized the dashboard’s role in offering state-specific insights and aiding policymakers in their decision-making process.

Aishwarya Raman, Executive Director of the OMI Foundation, mentioned that the platform aims to enhance knowledge, promote collaboration across the ecosystem, and support effective policy formulation. The OMI Foundation is committed to continually refining the platform to make it more comprehensive and insightful.

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