The transition to electric mobility is slowly picking up, with 8.7 lakh electric vehicles (EVs) registered in India. In 2021, 3.3 lakh EVs were sold, a 168 per cent increase from 1.2 lakh units sold a year ago.
However, to achieve the COP26 net zero target by 2070, the pace of adoption needs to accelerate, energy experts said. Decarbonising road transport could be kicked off by electrifying urban freight and last mile delivery segment and the two-wheeler segment, say stakeholders.
As demand increases it will lead to increase in manufacturing capacity and domestic component sourcing leading to a fall upfront costs.
