It may be noted that even as carmakers and also startups focusing on 2-wheelers launch electric variants, public transport has been largely happening over the more unclean diesel or compressed natural gas. A few cities like the financial capital have a few electric buses.
Kant said over 80 per cent of the vehicles sold in India are two-wheelers and three-wheelers, and added that when combined with the public transport, it would take care of mobility requirements for a bulk of the population.
The incentives announced by the government will bring an additional 10 lakh electric 2-wheelers and 5 lakh 3-wheelers, he said.
Kant said cities also need to embrace the new paradigm of 'transit oriented development' where public transport is the backbone, adding that this will be a key determinant of ease of living.
E-mobility disruption should provide accessible, affordable, inclusive and safe transportation options to people across the world and in India, he said.
Kant said the overall prices of the electric mobility have gone down and the system of swapping batteries has got the price of electric vehicle at par with internal combustion engine (ICE) and added that the prices of battery have fallen by 90 per cent.
He said energy consumption growth in India will be driven by renewable energy sources going forward and affirmed that the country is the only one in the G-20 grouping which will be meeting its commitments under the Paris climate change accord.
The per capita energy consumption in India is at 30 per cent of the world average at 0.44 tonnes of oil equivalent per annum, but is driven largely by fossil fuel-based sources like coal, biomass and oil, he said.
One of the advantages possessed by India is the low car penetration at 20 cars per 1,000 population as against 800 in the US, Kant said, explaining that "we will not have to replace existing vehicles.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.