Reaching a trajectory consistent with the IEA Sustainable Development Scenario will require putting 230 million EVs on the world’s roads by 2030.
For EVs to unleash their full potential to combat climate change, the 2020s will need to be the decade of mass adoption of electric light-duty vehicles. In addition, specific policy support and model expansion for the medium- and heavy-duty vehicle segments will be crucial to mitigate emissions and make progress toward climate goals.
To date, more than 20 countries have announced the full phase-out of internal combustion engine (ICE) car sales over the next 1030 years, including emerging economies such as Cabo Verde, Costa Rica and Sri Lanka. Moreover, more than 120 countries (accounting for around 85% of the global road vehicle fleet, excluding two/three-wheelers) have announced economy-wide net-zero emissions pledges that aim to reach net zero in the coming few decades. Via @IEA
In India the electric two-wheeler segment has seen a significant growth in 2020-21 with, a 65 per cent increase in electric two-wheeler registrations. In India, 16 states now have either a notified or a draft public EV policy aligned with the electrification target of the nation. To achieve the objectives stated in these policies, many states are also offering fiscal incentives to the buyer in addition to a central government incentive scheme called FAME.
The two-wheeler segment presents increased consumer willingness to shift to electric than any other segment due to the easy charging options that come with smaller battery packs. Most electric-wheelers sold in India can be charged by 15 ampere electrical sockets available in every Indian residence.