India needs to go electric, says Amitabh Kant
Amitabh Kant, a former CEO of NITI Aayog, has emphasized the urgent need for India to join the global transition to electric transportation as the country works to cut its carbon emissions by 30% by 2030.
Speaking at the Annual General Meeting (AGM) of the Automotive Component Manufacturers Association (ACMA), Kant highlighted the expanding worldwide trend toward electric vehicles (EVs) and emphasized that India must not fall behind in this revolutionary journey. He said, “The world is going electric, and it is imperative for India to follow suit.”
Kant advised the nation to take a progressive stance and investigate novel, sustainable fuel alternatives. He emphasized the value of increasing domestic battery manufacturing capacity, pointing out that the production of batteries is essential to the uptake of electric vehicles.
Furthermore, he emphasized that creating a strong battery manufacturing ecosystem in India would not only lessen reliance on imports but also provide a significant number of job possibilities.
According to a recent assessment on “Charging Infrastructure for Electric Vehicles” by the Confederation of Indian Industry (CII), India may need at least 1.32 million charging stations by 2030 to support the quick adoption of electric vehicles (EVs). The government intends for EV sales penetration of 30 percent for passenger cars, 70 percent for commercial vehicles, and 80 percent for two- and three-wheelers as part of its plans for 2030.
The future is in biofuels
Kant projected that the four-wheeler (4W) market will significantly move in favor of biofuels. He emphasized the sustainability and environmental advantages of biofuels, saying that they will be crucial in lowering emissions and fulfilling India’s climate goals.
Green hydrogen, Kant added is a crucial element in the transition to clean energy. However, he acknowledged that the cost of green hydrogen needs to be significantly reduced to drive adoption. “
Our target should be to bring down the cost of green hydrogen to $1 per kilogram by 2030,” he added.
The National Green Hydrogen Mission received approval from the Indian government last month. The goal, which seeks to encourage the creation and use of green hydrogen, is positioned to be crucial in lowering the country’s carbon footprint and strengthening its commitment to renewable energy sources. Learn more about this here.
In the two-wheeler (2W), three-wheeler (3W), and four-wheeler (4W) divisions, Kant also underlined the necessity of a speedy switch to electric transportation. He emphasized that for India to have a sustainable future to minimize air pollution and combat climate change, this move is not an option but rather a need.