World EV Day 2023: The EV sector in India is fast expanding. According to forecasts, India’s EV industry is predicted to reach 17 million units by 2030, with electric vehicles encompassing 80 percent of new vehicle sales by 2040.
In an era where sustainability and environmental consciousness are at the forefront of global concerns, the electric vehicle (EV) industry has emerged as a pivotal player in reshaping the future of transportation. As the world transitions away from traditional internal combustion engines, EVs have taken centre stage, offering a cleaner, greener, and more efficient mode of mobility. This transformation is not just about adopting a new technology; it’s a paradigm shift, a revolution that holds the promise of reducing carbon emissions, mitigating climate change, and redefining how we move from point A to point B.
In this exploration of the World EV landscape, we will embark on a journey that delves deep into the heart of the electric revolution. Our mission is to uncover insights, trends, and perspectives directly from the people who are steering this industry toward a sustainable future.
According to PM Modi, the sector has responded by increasing innovation, and the public has responded by being more receptive to exploring alternative. The declaration comes as the administration appears to be working on a new electric vehicle strategy.
The year 2023 represents a crucial milestone in the ever-changing landscape of electric cars (EVs): World EV Day. This worldwide celebration honours the explosive revolution that is transforming our modes of mobility. It is a day when industry stakeholders, visionaries, and innovators gather to reflect on the past and the future.
On World EV Day 2023, industry players offer their perspectives, emphasising the critical role of business and how the sector is evolving. They also shared their thoughts and challenges in the coming days.
According to Raaja Kanwar, Chairman & Managing Director, Apollo Green Energy & Apollo Supply Chain, building a robust charging infrastructure is pivotal to develop an ecosystem for EVs.
“As we advance toward a greener tomorrow, it becomes evident that electric vehicles symbolize more than just a technological shift; they signify a profound transformation in our relationship with the environment. On World EV Day, we celebrate the freedom of choice, the ability to reduce emissions, and the capacity to shape a sustainable world. The adoption of electric vehicles is closely tied to the availability of charging infrastructure. Currently, insufficient charging infrastructure represents a significant barrier to the widespread adoption of EVs. Despite ongoing challenges in the charging infrastructure, substantial investments are paving the way for the EV industry to thrive, generating millions of jobs, and aligning with India’s commitment to environmental protection. Building a robust charging infrastructure is pivotal, ensuring that this sustainable revolution thrives and reshapes our future,” Kanwar said.
Nehal Gupta, Director, AMU Leasing, feels that electric mobility is not just about vehicles, instead it’s about transforming lives.
“On World EV Day 2023, we celebrate the remarkable strides made in the Electric Vehicle ecosystem. As India’s foremost woman-led NBFC dedicated exclusively to this domain, our vision aligns perfectly with this momentous occasion. Our commitment to accelerating financial inclusion in tier 2 and 3 cities through sustainable development and renewable energy adoption remains unwavering. We firmly believe that electric mobility is not just about vehicles; it’s about transforming lives, self-employment generation, reducing emissions, and ensuring a greener future for all. This World EV Day, let’s come together to recognize the pivotal role that electric vehicles play in reshaping the landscape of transportation. With robust technological support and industry expertise, we are poised to drive positive change, making clean energy accessible to every corner of our nation. AMU Leasing Pvt Ltd is proud to be a part of this revolution, working towards a sustainable, inclusive, and electrified India,” Nehal said.
Sushant Kumar, Managing Director and founder, AMO Mobility, said that the aim should be to create reliable, sustainable, and affordable products and services for our customers.
“On World EV Day 2023, We are proud to join the global celebration of electric vehicles and their pivotal role in shaping a sustainable future. As an EV OEM, our mission is to create reliable, sustainable, and affordable products and services for our customers. Through our efforts, we aim to revolutionize mobility with innovative solutions that foster reliable and sustainable mass transportation. In our country, the e-bike and e-scooty models have emerged as a beacon of change, and we envision the e-scooters in India as a catalyst for transforming urban mobility. For us, it’s not just about efficient transportation but our commitment to cleaner air, reduced emissions, and a greener tomorrow. We are dedicated to turning our vision of expanding e-mobility into mass mobility through innovation in electrical bike design, performance, and cost efficiency for all our electric bikes in India. This World EV Day, let’s unite in our efforts to accelerate the adoption of electric scooters in India and advance our journey towards sustainable mass mobility. Together, we can create a brighter and cleaner future for India and the world,” Kumar said.
Pankaj Goyal, Co-Founder and COO of AutoNxt Automation, feels that EVs are not just important for greener tomorrow, it is also good for economic growth as demand for EVs is creating jobs.
“Electric vehicle manufacturing is driving a transformative shift in the global economy. As we transition towards sustainable transportation, this industry is not only reducing carbon emissions but also sparking economic growth. The demand for EVs is creating jobs, stimulating innovation, and fostering a cleaner, more resilient future. From the production of batteries to the assembly lines, this sector is a catalyst for economic revitalization. As governments and businesses invest in EV infrastructure and technology, the benefits extend beyond environmental gains; they encompass prosperity, competitiveness, and a sustainable legacy for generations to come. The economic impact of electric vehicle manufacturing goes beyond profit margins; it’s about investing in a cleaner, more prosperous future,” Goyal summed up.
Mayank Bindal, Founder & CEO, Snap E Cabs – an eco-friendly public electric transport service – said that his team believes that “we are not just driving the change – we are the change.”
“In most other companies helping the planet by adopting sustainable practices is undertaken by the CSR (Corporate Social Responsibility) wing; While the intent is strong, sometimes execution falters as the goals fail to percolate across the company in a consistent way. However, at Snap-E it would be fair to say that the entire company has imbibed the CSR ethos; We believe that solving some of the most pressing transportation problems for our customers in a profitable way and leading the way to help adopt sustainable practices and helping the planet are not two different goals: there are one and the same,” Bindal said.