Three-wheelers by 2028: Kant, aim for 100% electric two-

India’s automotive industry should aim to achieve 100 per cent electrification in the two-wheeler and three-wheeler segments in the next five years, former Niti Aayog CEO Amitabh Kant said on Monday at the ‘National Dialogue on Emerging Trends in E-Mobility’, organised by the Council on Energy, Environment and Water (CEEW).

“This will not only help reduce air pollution but also ensure that we become a global manufacturing champion for electric two-wheelers and three-wheelers. Public mobility is the backbone of a civilised society. Focus should also be on e-buses,” said Kant who is also G20 Sherpa of India.

Talking about the need of financing in accelerating the e-mobility transition Kant said there is a need for mechanisms such as first-loss guarantees, credit enhancement and blended finance to enable private-capital flow at scale.

“We must target to install five million fast chargers, and push for battery swapping and PLIs for localised manufacturing,” Kant said.

The former Niti Aayog chief also released the CEEW Centre for Energy Finance’s (CEEW-CEF’s) independent report, ‘Greening India’s Automotive Sector’ at the event.

The study, supported by Bloomberg Philanthropies, showed that more electric vehicles (EVs) were sold in the country in the first six months of FY23 than in the previous full financial year.

EVs constituted 6 per cent of all new auto sales in September 2022, up from only 1 per cent in January 2021, according to the report.

CEEW-CEF also launched its ‘Electric Mobility Dashboard’, a free, online tool that captures and dynamically updates, on a fortnightly basis, EV volumes at a national, state and RTO level.