OMI Foundation launches an all-accessible, EV-Ready India dashboard, estimates 1.6 crore annual sales by 2030 in India
The EV-Ready India dashboard by OMI Foundation launched by by Shri R.K.Singh, Hon’ble Union Minister of Power, New and Renewable Energy, Government of India
The dashboard has been developed by policy and industry experts at OMI Foundation and will serve as a comprehensive and accessible tool for the Indian electric mobility ecosystem
The dashboard focuses on near real time EV adoption and forecasts, associated battery demand, charging density, and market growth trends
The EV-Ready India dashboard is freely available for all, and will facilitate greater inclusion across audiences– for the industry, policymakers, end users et al
EV-Ready India dashboard forecasts a 45.5% Compounded Annual Growth Rate (CAGR) growth between calendar year (CY) 2022 and CY 2030, increasing from annual sales of 6,90,550 electric two-wheelers (E2Ws) in 2022 to 1,39,36,691 E2Ws in 2030
The dashboard predicts, over 47.35% Compounded Annual Growth Rate (CAGR) growth between calendar year (CY) 2022 and CY 2030 in Tamil Nadu to reach 14.88 lakh EV sales.
FOR IMMEDIATE RELEASE
Chennai, October 16, 2023: OMI Foundation, along with Shri R.K. Singh, Hon’ble Union Minister of Power, New and Renewable Energy, Government of India launched a brand-new EV-Ready India Dashboard (evreadyindia.org) – an industry growth focused digital platform to address the need for macroeconomic data and analysis on India’s massively growing electric mobility segment. The Dashboard launch was attended by representatives across union and state governments of India, Niti Aayog, World Bank, and more.
The all in one, near real time free EV-Ready India dashboard harnesses the power of data and AI and serves as a platform for industry inclusion and collaboration. It is the only dashboard in India that compiles sales data across all Vahan states and Telangana, along with a direct view into the state of charging infrastructure, demand trends and TCO comparisons – making it useful for the EV buyers as well. Additionally, it tracks the current investment climate for EVs, and forecasts on market growth and EV hotspots for the country. It further measures emissions avoided, aiming to accelerate India’s journey to net zero.
To begin with, the dashboard estimates over 1.6 crore annual EV deployments in India by 2030. For Tamil Nadu, it estimates over 47.35% Compounded Annual Growth Rate (CAGR) growth between calendar year (CY) 2022 and CY 2030 in Tamil Nadu to reach 14.88 lakh EV sales. Tamil Nadu is emerging as manufacturing hub for high-speed electric 2-Ws. The annual battery demand in the state is expected to reach 5 GWh (giga-watthour), while the number of public charging stations in the state are 450. Charging density in the state is 241 i.e 1 public charger caters to 241 EVs. This situation clearly calls for an enhancement and expansion of charging infrastructure.
infrastructure.
Shri R.K. Singh, Hon’ble Union Minister of Power, New and Renewable Energy, Government of India said while launching the EV-Ready India Dashboard, “India’s leadership in electric vehicles is of critical importance. Our economy needs to be energy independent of fossil fuels. India is already on the path to being EV Ready and leading the conversation on climate action for the transport sector. We have taken active steps to reduce emissions, having already cut emission intensity by 33% in 2019 since 2005, and the capacity for generating renewable energy has multiplied by almost 7X in the last few years, standing at 185K mega-watt today. We are confident that India will surpass its target of 50% energy production from non-fossil fuels by 2030. EVs are critical for this journey both from an energy dependence and environment standpoint, and as number of EVs grow on the roads, we will see India emerging as a leader in climate change. Another important step towards making EVs mainstream is expanding the charging stations, which already is at 10,000 currently. The EV-Ready India Dashboard is a fantastic initiative to update us on the progress of EV deployments, and other electric mobility trends and I congratulate the OMI Foundation team for this feat.”
Shri Amitabh Kant, G20 Sherpa, Government of India during the launch remarked, “OMI Foundation’s EV-Ready India Dashboard is a transformative platform that consolidates vital insights on electric mobility. It goes beyond data presentation, sparking healthy competition and collaboration among stakeholders. Recognising that the real action in electric mobility occurs at the state level, the dashboard offers comprehensive, state-specific insights. This empowers policymakers to make informed decisions, fostering India’s journey into a global EV leader. The dashboard also underscores the urgent need to expand charging infrastructure to meet rising demand, a critical aspect of the EV transition. I urge all state and district authorities to leverage this dashboard as they compete to lead India’s EV revolution. It’s a tool that not only offers a competitive edge but also promotes collaboration, driving India toward a sustainable electric future.”
Aishwarya Raman, Executive Director of the OMI Foundation added, “EV-Ready India is a dashboard that is all in one and free for all. It is for all those who want to be a part of India’s EV journey. This is a milestone development for OMI Foundation, as it culminates extensive research, statistical analysis, and relentless dedication of our inhouse experts. The platform is meant to enhance knowledge, foster ecosystem-wide collaboration and underpin effective policy making – as we continue to make this dashboard more comprehensive, and insightful. It is our contribution towards positioning India as a leader in sustainable mobility.”
Key Features of the EV-Ready India Dashboard:
For the policymakers and industry, the dashboard presents consolidated sales data for all 34 Vahan states and Union Territories, and the additional Telangana. The data is visualised for easy understanding of adoption rates and trends presented by time period, form factors, states, and more.
The dashboard shows forecasts on EV adoption, and associated battery demand till 2030, allowing both policymakers and industry alike to strategize and execute their clean mobility goals. In addition to pan-India projections, the dashboard presents state-wise projections, in a first-of-its-kind approach.
For the end user, i.e. the (potential) buyer of EVs, the dashboard shows financial benefits of EV ownership, including potential savings on upfront costs, operating and maintenance costs, etc. On the click of a button, the user can also review the list of EV models that are eligible for subsidies and the quantum of such subsidy.
It also includes a comprehensive repository of all policies and regulations covering all value chains of the EV ecosystem. The policy module helps states compare their policies, update them based on their competitive advantages,
For users, industry, and policymakers alike, the dashboard presents a comprehensive overview of charging infrastructure covering both charging stations and points across the country. Additionally, the dashboard shows the density of charging points with respect to EVs on the road. This module also shows charging tariffs allowing states to improve their rates vis-a-vis others,
By tracking and benchmarking investments across EV value chains such as vehicle manufacturing, battery technology, battery recycling or urban mining, etc., and research and development, the dashboard maps the contributions to India’s economic growth and job creation.
The dashboard, further, measures India’s journey towards net zero by tracking emissions avoided due to accelerated EV adoption across the length and breadth of the country.
Lastly, the dashboard presents news and blogs on EV adoption and data-driven decision-making pertaining to all value chains of the EV ecosystem in a single place.
The launch event also featured a panel discussion around “Data-Driven Decision Making in the EV Sector” involving
Shri K. R. Jyothilal, IAS, Additional Chief Secretary, General Administration Department and Power Department, Government of Kerala.
Shri Ashish Kundra, IAS, Principal Secretary and Commissioner, Transport, Government of NCT of Delhi
Shri Rajesh Gupta, Director, Electric Mobility, NITI Aayog
Dr. Laghu Parashar, Senior Transport Specialist, The World Bank
Ambassador (Retd.) Gautam Bambawale, Managing Trustee, OMI Foundation
Dr. Parminder Jit Kaur, Senior Policy Fellow, DST’s Center of Policy Research, Indian Institute of Science, Bangalore
Access the dashboard at https://evreadyindia.org/
About OMI Foundation:
OMI Foundation Trust is a policy research and social innovation think tank operating at the intersection of mobility innovation, governance, and public good. Mobility is a cornerstone of inclusive growth providing the necessary medium and opportunity for every citizen to unlock their true potential. OMI Foundation endeavours to play a small but impactful role in ushering meaningful change as cities move towards sustainable, resilient, and equitable mobility systems which meet the needs of not just today or tomorrow, but the day after.
OMI Foundation houses three interconnected centres that conduct cutting-edge evidence-based policy research on all things mobility: Centre for Clean Mobility, Centre for Future Mobility, and Centre for Inclusive Mobility.
For media inquiries and further information, please contact:
comms@omifoundation.org