Global electric vehicle adoption: implementation and policy implications for India.

Abstract

Present transport system of conventional vehicle in India has faced challenges due to enormous amount of air pollution, health hazards to human, rising oil price, insufficient indigenous fossil fuel reserve, heavy expenditure on oil import, energy insecurity, etc. Electrical vehicle (EV) is considered to be alternatives of conventional vehicles that can overcome these shortcomings. The aim of the study is to get an overview of the electric vehicle policies of government of India and its state governments to find out their relevance and impact on EV adoption in India. Exploratory research is used in present case to carry out the study. Currently, the EV industry in India is in preliminary condition and in growing stage. Government of India has framed policies such as "NEMMP 2020," "FAME-I," "FAME-II," and Vehicle Scrappage policy. Seventeen of its state governments have framed EV policy. These policies facilitated various types of incentives, infrastructure development, fund allocation, research and development, production, and sales. This will have strong impact on EV demand generation, conversion of conventional vehicles to e-vehicle resulting E-mobility transformation and EV hub in the region that is at par with other EV-developed countries in the world. However, lack of policy and technology availability in the domain of disposal and reprocessing of Li-ion battery is found to be a future limitation of EV prospect in Indian context which needs to be looked into.