OMI Foundation, along with Shri R.K. Singh, Hon’ble Union Minister of Power, New and Renewable Energy, Government of India launched 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 Telangana, it estimates over 48.65% Compounded Annual Growth Rate (CAGR) growth between calendar year (CY) 2022 and CY 2030 to reach 16.45 lakh EV sales. Telangana is emerging as manufacturing hub for high-speed electric 3-Ws. The annual battery demand in the state is expected to reach 6.4 GWh (giga-watthour), while the number of public charging stations in the state are 362. Charging density in the state is 272 i.e 1 public charger caters to 272 EVs. This situation clearly calls for an enhancement and expansion of charging 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.”