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The Post-Pandemic Story of the Indian E-Mobility Sector

India’s transport electrification story is woven with the threads of ‘shared, connected and clean mobility’. The demand incentives under Faster Adoption and Manufacturing of Electric Vehicles (FAME) II scheme were introduced to support the uptake of electric vehicles for public transport and commercial use. However, as the nation went into lockdown, and public passenger mobility hit zero, it impacted the budding EV industry.

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What Budget 2021 means for the future of DISCOMs in India?

DISCOMs should be considered the unsung heroes of the COVID-19 pandemic to ensure power supply to health care and enable millions of people to work from home. Even with the steep fall in billing and a disruption to their cash flow, the Indian DISCOMs did not compromise on the supply of power to the end-users. The increasing unpaid dues from consumers aggravated the financial challenges of DISCOMs and interrupted the payments to power generators up the supply chain.

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Electric mobility to play a key role in India’s energy transition

The number of electric vehicles (EVs) has significantly increased globally over the past decade, and it is expected to grow considerably in the next five years. As per the ARK Investment Management LLC 2020 forecast, EV sales will reach 37 million units by 2024. This rise in the number of EVs globally is primarily attributed to reduced battery cost and government support through favourable policies. 

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