Sunday, 11 Oct 2026 Breaking: Paank condemns disappearances of two Baloch men in Balochistan
BREAKING: Apple launches AI platform | Tesla earnings beat estimates | Nvidia stock surges | Bitcoin crosses major resistance
Business

Electric mobility a strategic imperative for Viksit Bharat: NITI Aayog 

Electric mobility a strategic imperative for Viksit Bharat: NITI Aayog 

New Delhi [India], September 16 (ANI): Describing electric mobility as a "strategic imperative" for the Viksit Bharat 2047 vision, NITI Aayog Member Rajiv Gauba stated that the global shift toward cleaner transport is well underway and represents an economic and environmental necessity for the country.
Speaking at the NITI Aayog Workshop on State EV Policies, where the government think tank launched the second edition of the India Electric Mobility Index (IEMI) report, Gauba pointed out that geopolitical friction could rapidly hasten this transition. He noted that the recent West Asia crisis could become a major inflection point for electric mobility, mirroring the 1970s oil crises that accelerated the global push toward greater fuel efficiency.
Gauba pointed to international sales data to underline the pace of adoption abroad. In 2025, electric cars accounted for roughly one-tenth of new car sales in the United States, over a quarter in the European Union, and more than half in China, with these market shares projected to climb higher worldwide.
For India, Gauba highlighted heavy import vulnerability as a core reason to transition quickly, noting that the country relies on foreign suppliers for nearly 89 per cent of its crude oil requirements. He cautioned that this dependence is poised to rise alongside growing vehicle ownership unless electric vehicles gain wider domestic adoption.
He underscored that the domestic automotive sector contributes approximately 7.1 per cent of the national gross domestic product and supports nearly 1.9 crore jobs. He stressed the importance of keeping the industry aligned with worldwide electric trends while addressing the substantial public health costs tied to vehicular pollution in cities such as Delhi.
Detailing the central government's fiscal commitment, Gauba noted that over Rs 92,000 crore in financial support is already deployed across initiatives including FAME, PM E-DRIVE, and PM E-bus Sewa. He added that two production-linked incentive schemes targeting Automobiles and Auto Components, as well as Advanced Chemistry Cell battery storage, are actively supporting manufacturing.
Gauba also noted the expansion of charging infrastructure led by oil marketing companies and private firms, observing that the newly launched Unified Bharat e-Charge app will improve public access and convenience.
At the sub-national level, 29 out of 36 States and Union Territories have now notified dedicated EV policies. Data from the IEMI showed that the highest State score climbed from 77 to 84 over the past year, while the median score moved up from 36 to 40.
Gauba emphasized that differing strategies across states, shaped by distinct industrial bases, fiscal room, and geographical factors, serve as an advantage rather than an obstacle if administrations learn from one another. He urged states to prioritize electrifying urban public transport, build spatially balanced and reliable charging networks, and allocate capital toward local research and innovation. (ANI)

Tags

Related News

India faces external growth risks, upward interest rate cycle likely: MSE Director
Business
India faces external growth risks, upward interest rate cycle likely: MSE Director

<p>New Delhi [India], October 11 (ANI): External shocks remain the biggest threat to India's economic growth outlook, wh...

BSNL geared up for 5G expansion as 4G network delivers desired results, says senior official
Business
BSNL geared up for 5G expansion as 4G network delivers desired results, says senior official

<p>New Delhi [India], October 11 (ANI): State-owned telecom service provider Bharat Sanchar Nigam Limited (BSNL) is prep...

NTPC invites industrial partners for 26 per cent equity in co-generation projects
Business
NTPC invites industrial partners for 26 per cent equity in co-generation projects

<p>New Delhi [India], October 11 (ANI): NTPC Limited invited Expressions of Interest from commercial and industrial enti...

Operating models emerge as primary competitive edge in AI era: McKinsey
Business
Operating models emerge as primary competitive edge in AI era: McKinsey

<p>New Delhi [India], October 11 (ANI): Organizations that redesign how decisions are made, work is performed, and capab...

Adani Cement marks Navratri with a 15,000-bag aerial tribute to Maa Durga
Business
Adani Cement marks Navratri with a 15,000-bag aerial tribute to Maa Durga

<p>New Delhi [India], October 11 (ANI): Adani Cement, part of the Adani Portfolio and the world’s ninth-largest cement p...

Philip Morris International offers less harmful alternatives for smokers, invested USD 16 billion in R&D: Official
Business
Philip Morris International offers less harmful alternatives for smokers, invested USD 16 billion in R&D: Official

<p>Tashkent [Uzbekistan], October 11 (ANI): Philip Morris International (PMI) is offering a range of less harmful altern...