The Indian auto industry is one of the largest in the world which accounts for 7.1% of the country’s Gross Domestic Product (GDP). Production of passenger vehicles, commercial vehicles, three wheelers and two wheelers grew at 5.41% in FY17 to 25 million vehicles from 24 million vehicles in FY16. Exhaustion of fossil fuels, environmental concerns and increase in energy costs is compelling India to shift to electric mobility. E-mobility is the future and the most potential solution.
Committing to the Paris Agreement, India has announced a major transformation to electric vehicles by 2030. The Government has also initiated Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME) scheme which provides incentives for purchasing electric vehicles. Substantially, the ‘National Electric Mobility Mission Plan (NEMMP) 2020’ which was formed in 2013 addresses issues of National energy security, vehicular pollution and growth of domestic manufacturing capabilities. India’s electric vehicle (EV) sales increased 37.5 per cent to 22,000 units during FY 2015-16. Government’s vision is to see six million electric and hybrid vehicles by 2020.
Government of India has deployed its Principal Policy Ideation arm and India’s Premier Policy “Think Tank”, National Institution for Transforming India also called NITI Aayog for providing both directional and policy inputs towards development and rapid adoption of Electric Vehicles. While designing strategic and long term policies and programmes for the Government of India, NITI Aayog also provides relevant technical advice to the Centre and States.
Considering the Government’s initiatives, the principle components for adoption of EV and the objective to achieve India EV Vision 2030, Explore Exhibitions and Conference LLP supported by NITI Aayog is hosting a 2 day Summit from 18 to 19 June 2018.
The EV India Summit 2018 will address the competitive landscape of electric vehicles worldwide, coupled with the vast opportunities and potential challenges of EV development in India. At this global gathering you will capitalize on the latest EV trends and exchange ground breaking ideas with experts and industry visionaries on trending topics including: battery technologies, energy storage solutions and developing charging infrastructure. This summit will also bring together the who’s who of e-mobility sector to analyse the technical challenges while framing the commercial opportunities currently facing global OEMs, power-train manufacturers, EV component suppliers and their supply chains.
EV India Summit 2018 will gather policymakers from national and local authorities from India, representatives from the Indian and International EV industry, relevant research communities and provide them the platform for networking. You will also get updates on how Indian EV industry, research communities, policymakers and citizens together can create a sustainable mobility sector.