Converging electric mobility players at one platform, India Electric Mobility Council (IEMC) has announced an event wherein 80+ EV industries will be meeting on 2 August, 2023 in New Delhi to propose to the government holistic demand/supply enablers.
The automotive sector is a major contributor to India’s economy, accounting for 7.1 percent of its GDP and India is now the third largest automobile market globally in terms of sales, ahead of Germany and Japan.
The Indian government has set the target to achieve 30 percent electrification of vehicle fleet by 2030 and there is need for manufacturers and policymakers to closely collaborate to help shift and sustain E mobility demand to achieve this ambitious goal.
The Government has launched several demand-side and supply-side incentives and policies to support the growth of the EV industry, including the Faster Adoption of Manufacturing of Electric (FAME) Vehicles Scheme, and Production Linked Incentive Scheme (PLI) to promote the adoption of clean energy vehicles.
To help support future Policy and incorporate Industry inputs for finalizing the holistic and comprehensive policy, India Electric Mobility Council (IEMC) is facilitating very important Industry dialogue between policymakers and related stakeholders across the e2W, e3W, e4W, E Bus, Truck, Construction Equipment, and other sectors.
This dialogue event “What’s after FAME II?, The Road Ahead” is uniquely positioned with the presence of representatives from the entire ecosystem, policymakers, and opinion leaders all converging at a single venue, at a time when future policy framework is under consideration.
Rahul Walawalkar, President, of India Energy Storage Alliance (IESA) & Chair, IEMC emphasized the need and importance of holistic consideration of all demand and supply-related enablers for Indian EV market growth, He further commented that learning from the experience of markets leading in Emobility adoption, it has been seen that similar such holistic strategy has been adopted to decarbonize the transport sector.
As we are aware FAME II, one of the key drivers for EV growth will be applicable till 31st March 2024. With the objective of sustaining continued growth, the industry is reaching out to the government to extend the scheme and the government is open to listening to the industry’s suggestions. In this event, key industry players are brainstorming various inputs and suggestions and asking the government of kind consideration. Leaders from Volvo, JBM, Tata Motors, Toyota Kirloskar, Mahindra, Reliance, Ola Electric, Gensol EV, Hop Electric, Ola Electric, Ather Energy, Matter, Tok Motors, Vello Mobility, Battery Smart, E-Chargeup Solutions, Mooving, EXICOM, Bosch, Sun Mobility, HPCL, JSW, AMARARAJA, Liv Guard, Toshiba, Panasonic, Cummins, John Deere, Action Construction Equipment Ltd, Putzmeister, Caterpillar and others.
Partnering with India Electric Mobility Council in this very important initiative are ecosystem partners including Alliance for Energy Efficient Economy (AEEE), Electric Mobility Financers Association of India (EMFAI), International Council on Clean Transportation (IICCT), OMI Foundation and International Copper Association (ICAI), organizing an EV Stakeholders Consultation Meet on Wednesday, 2nd August 2023 in New Delhi.
India Electric Mobility Council (IEMC), an IESA initiative is India’s leading platform focusing on a holistic EV Ecosystem has active membership from Automotive Partner Companies in the areas of Manufacturing, Components, R &D, Charging, Swapping, Testing, Safety, Standards and other related domains with the objective of increasing pace of adoption of Clean and Environmentally Friendly transport in India.