NITI Aayog Report on Electric Vehicles Opportunity
In News
What Happened
Why It Matters
Background
History & Context
What Changed
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BEFORE: EV policy focus was heavily skewed toward consumer subsidies (like FAME) to stimulate early demand. NOW: The NITI Aayog report shifts the focus to a holistic ecosystem approach, emphasizing a circular economy in battery recycling and indigenous supply chains.
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BEFORE: National targets and economic projections for the EV sector were fragmented across various state and central ministries. NOW: The report provides a consolidated strategic blueprint, explicitly quantifying the sector as a $200 billion domestic market opportunity by 2030.
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BEFORE: India relied almost entirely on imported battery cells and raw materials for early EV adoption. NOW: The strategy integrates EV adoption with self-reliance goals, pushing for domestic cell manufacturing supported by Production Linked Incentive (PLI) schemes to hit the 30% sales target.
Prelims Angle
NCERT Connection
Practice Questions
Q1
With Reference ToWith reference to India's Electric Vehicle (EV) transition and climate targets, consider the following statements: 1. NITI Aayog's strategy reinforces the national target to achieve a 30% electric vehicle share in total vehicle sales by 2030. 2. The FAME India Scheme focuses exclusively on the establishment of public charging infrastructure. 3. India's official target to achieve Net Zero carbon emissions is set for the year 2070. Which of the statements given above is/are correct?