India-Japan Collaborate On EV Development
Experts from India and Japan discussed possibilities of collaboration for the promotion of hydrogen-based technologies. They also explored related innovations, trends, concerns, and solutions at a webinar on De-carbonisation: Exploring the Hydrogen Prospects and Innovative Technologies.
The Government of India is working towards an EV policy which is expected to be released in 2018 Q1. There are strong indicators from various policy makers in India to keep focus on EVs and to look at other low carbon options such as Methanol, CNG etc. The Government plans to work towards creating a demand for EVs by buying in bulk, which could provide for large orders for automakers. A recent tender for 10,000 cars is already issued and now a major tender for electric buses in 11 cities is likely to be released soon.
The Indian EV Industry is in its nascent stages with only 2 electric car manufacturers,
about 10+ players in 2 Wheelers and 3-4 OEM’s in Electric buses. Most other auto OEM’s
are now looking at introducing EV models in India.
While there is a vision for 100% electric vehicles by 2030, most industry experts indicate
that around 40-45% EV conversion by 2030 is a realistic expectation. A major push towards EVs will be led by the public transportation requirements in India – Fleet cars, E-Buses, 3 wheelers and 2 wheelers. Personal vehicle options for EVs will still be a relatively smaller element in the whole pie.
India offers huge opportunities for Norwegian companies in every aspect of the EV
ecosystem. This is a market in developmental stages and Norwegian firms could
identify and position themselves to cater to this growing market in the long run. We have
identified certain key areas for Norwegian firms to focus on.