With the Union Budget around the corner, it is time to look at how the Central government can assist the growth of shared mobility and electric vehicles (EVs) in India. As I write, initiatives such as the National Electric Mobility Mission Plan (NEMMP)-2020 and Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) I and II are already helping our domestic e-mobility industry take off in the right direction.
In addition, along with the rising popularity of EVs, we also see an increase in the use of shared mobility platforms as a convenient and cost-effective transportation solution to ‘first and last mile’ connectivity issues. India’s shared mobility market is one of the largest globally, with 3.5 million rides per day.
