Publication: Electric Mobility Market Assessment, Business Model and Action Plan in India
Loading...
An error occurred retrieving the object's statistics
Date
2022
ISSN
Published
2022
Author(s)
Editor(s)
Abstract
The deep economic transformation of India will be accompanied by rapid growth in passenger and freight demand and require a transition to more sustainable transport solutions. In this context, electric mobility (e-mobility) is anticipated to play a major role in India’s transport transition during this decade. The Government of India has been steadily moving toward a “shared, connected and electric” mobility ecosystem to achieve its stated goals on emissions reductions, energy security and industrial development. It is doing so through wide-ranging policy and regulatory measures to encourage EV (Electric Vehicles) adoption, creation of public charging infrastructure and incentivizing domestic EV and battery manufacturing facilities. Nonetheless, from a market penetration perspective, as of 2021, India remains in its early phase of adoption, compared to its ambitious targets. So how to accelerate this transition and move from a 1% sale penetration to a 30% penetration faster what levers can the government at different levels activate to achieve higher levels of penetration considering the different business models at play what financial instruments to leverage As part of our cooperation with NITI Aayog, our World Bank and IFC team, together with Steer Group and UITP, outlined scenarios, identified measures and quantified the impact of such measures. This summary report presents the key findings of this work and identifies solutions to accelerate such uptake towards greener mobility.
Link to Data Set
Citation
“World Bank. 2022. Electric Mobility Market Assessment, Business Model and Action Plan in India. © World Bank. http://hdl.handle.net/10986/37898 License: CC BY 3.0 IGO.”
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
Publication Introducing Behavioral Change in Transportation into Energy/Economy/Environment Models(World Bank, Washington, DC, 2012-10)Transportation is vital to economic and social development, but at the same time generates undesired consequences on local, regional, and global scales. One of the largest challenges is the mitigation of energy-related carbon dioxide emissions, to which this sector already contributes one-quarter globally and one-third in the United States. Technology measures are the prerequisite for drastically mitigating energy use and all emission species, but they are not sufficient. The resulting need for complementing technology measures with behavioral change policies contrasts sharply with the analyses carried out by virtually all energy / economy / environment (E3) models, given their focus on pure technology-based solutions. This paper addresses the challenges for E3 models to simulate behavioral changes in transportation. A survey of 13 major models concludes that especially hybrid energy models would already be capable of simulating some behavioral change policies, most notably the imposition of the full marginal societal costs of transportation. Another survey of major macroscopic transportation models finds that key specifications required for simulating behavioral change have already been implemented and tested, albeit not necessarily on a global scale. When integrating these key features into E3 models, a wide range of technology and behavioral change policies could be analyzed.Publication Electric Mobility in India(World Bank, Washington, DC, 2021-04-15)Governments, automotive manufacturers, energy companies, charging infrastructure operators, mobility service providers, technology providers and aggregators across the globe are preparing themselves for a rapid transition from conventional internal combustion engine (ICE) vehicles to electric mobility. Increasing from the current global sales of 2.1 million units in 2019, electric vehicles are expected to account for nearly 57 percent of all vehicle sales and over 30 percent of all vehicle fleet by 2040. International experience indicates that the key factors responsible for driving this transition are a) conducive policy and regulatory support across the electric mobility value chain, b) technological advancements (new and improved battery chemistries, automation in retail electricity business) and c) increased customer preference for green mobility options (influenced by rising fuel prices and concerns regarding local air pollution, climate change). An analysis was undertaken by the World Bank to review the development of e-mobility in India, identify remaining challenges and mitigation measures to support India’s electric mobility vision. This report presents the findings of the analysis and lays out a set of recommendations for consideration by different stakeholders.Publication Developing an Energy Efficient Urban Transport Plan for Zarqa City Downtown Area(Washington, DC, 2011-11)To promote energy efficiency in the delivery of city services, the Energy Sector Management Assistance Program (ESMAP) in the World Bank launched a multi-year initiative, the Energy Efficient Cities Initiative (EECI), in December 2008 to help scale-up energy efficiency improvements in developing country cities around the world. One of the tools to help scale up energy efficiency improvements under the EECI program is the provision of pre-investment policy support wherein ESMAP applies its expertise in advising cities on appropriate analytical tools, policy and regulatory framework, lifecycle costing principles, energy efficient codes, and financing schemes. ESMAP is also working with Cities Alliance City Development Strategies (CDS) in this regard. Within this context and in keeping with the Government of Jordan's (GOJ) regional development agenda, ESMAP received a proposal from the Zarqa Municipality seeking technical and financial support for developing an energy efficient urban transport planning strategy for the city Downtown area. This is linked with the cities alliance grant to prepare inputs to the broader CDS for preparation of the new Zarqa master plan to be developed by the Ministry of Municipal Affairs (MOMA).Publication Urban Mass Transport Infrastructure in Medium and Large Cities in Developing Countries(Washington, DC, 2012)Developed at the request of the Mexican G20 Presidency for consideration by the Finance Ministers and Central Bank Governors at the G20 Leaders' Summit in Mexico, and jointly prepared with the Asian Development Bank, this policy paper positioned green transport in the context of cities development. Urban transport determines the shape of a city and its ecological footprint. Many cities in low and middle income countries are at a crossroads. Policy decisions taken now, while car use is still relatively low and cities retain a relatively transit friendly, compact urban form, will affect how people will live in their cities for many decades into the future. A new paradigm of urban transport can be part of the solution to reversing the deteriorating situation in some cities of developing countries, and supporting others to embark on a sustainable, low carbon, green growth path: developing a city for people rather than cars, and including public and mass transport as a major component of the modal structure. Implementing such a new paradigm can be truly transformational. This joint World Bank and Asian Development Bank paper lays out six aspects, which are most difficult to align, yet, are critical to ensure the sustainability of urban transport systems, visionary leadership, integrated strategy for land use and urban transport, coordination among agencies, domestic capacity, adequate cost recovery, and private participation in the operation and construction of urban transport systems. The paper proposes a set of new initiatives for G20 leaders' consideration, including the development of an umbrella toolkit to guide policy makers in charge of urban planning to make transport decisions best suited to their local contexts.Publication TRACE Model in Pilot Cities in Latin America(Washington, DC, 2015-05-19)This report, supported by the energy sector management assistance program (ESMAP), applies the tool for the rapid assessment of city energy (TRACE) to examine energy use in León, México. This study is one of three requested and conducted in 2013 by the World Bank Latin America and the Caribbean energy unit to begin a dialogue on energy efficiency (EE) potential in Latin America and Caribbean cities. In Puebla and León, TRACE helped the Mexican Secretary of Energy (SENER) develop an urban EE strategy. TRACE is a simple, practical tool for making rapid assessments of municipal energy use. It helps prioritize sectors that have the potential to save significant amounts of energy and identifies appropriate EE measures in six sectors - transport, municipal buildings, wastewater, streetlights, solid waste, and power and heat. Globally, the six are often managed by the cities which have substantial influence over public utility services. The study looked at six areas to determine the three that have the greatest savings potential and where the city has a significant degree of control: streetlights, solid waste, and municipal buildings.
Users also downloaded
Showing related downloaded files
Publication State and Trends of Carbon Pricing 2024(Washington, DC: World Bank, 2024-05-21)This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national, and subnational initiatives. It also investigates trends surrounding the development and implementation of carbon pricing instruments and some of the drivers seen over the past year. Specifically, this report covers carbon taxes, emissions trading systems (ETSs), and crediting mechanisms. Key topics covered in the 2024 report include uptake of ETSs and carbon taxes in low- and middle- income economies, sectoral coverage of ETSs and carbon taxes, and the use of crediting mechanisms as part of the policy mix.Publication Global Economic Prospects, January 2025(Washington, DC: World Bank, 2025-01-16)Global growth is expected to hold steady at 2.7 percent in 2025-26. However, the global economy appears to be settling at a low growth rate that will be insufficient to foster sustained economic development—with the possibility of further headwinds from heightened policy uncertainty and adverse trade policy shifts, geopolitical tensions, persistent inflation, and climate-related natural disasters. Against this backdrop, emerging market and developing economies are set to enter the second quarter of the twenty-first century with per capita incomes on a trajectory that implies substantially slower catch-up toward advanced-economy living standards than they previously experienced. Without course corrections, most low-income countries are unlikely to graduate to middle-income status by the middle of the century. Policy action at both global and national levels is needed to foster a more favorable external environment, enhance macroeconomic stability, reduce structural constraints, address the effects of climate change, and thus accelerate long-term growth and development.Publication World Bank Annual Report 2024(Washington, DC: World Bank, 2024-10-25)This annual report, which covers the period from July 1, 2023, to June 30, 2024, has been prepared by the Executive Directors of both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)—collectively known as the World Bank—in accordance with the respective bylaws of the two institutions. Ajay Banga, President of the World Bank Group and Chairman of the Board of Executive Directors, has submitted this report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors.Publication South Asia Development Update, April 2025: Taxing Times(Washington, DC: World Bank, 2025-04-23)Growth prospects for South Asia have dimmed. The global economic environment has become more challenging and is a source of heightened downside risks. After a decade of repeated disruptions, South Asia’s buffers to cushion new shocks are slim. Tackling some of its greatest inefficiencies and vulnerabilities could help South Asia navigate this unusually uncertain outlook: unproductive agricultural sectors, dependence on energy imports, pressures from rising global temperatures, and fragile fiscal positions. For most South Asian countries, increased revenue mobilization is a prerequisite for strengthening fiscal positions. Even taking into account the particular challenges of collecting taxes in South Asian economies—such as widespread informal economic activity and large agriculture sectors—South Asian economies face larger tax gaps than the average emerging market and developing economy (EMDE). This suggests the need for improved tax policy and administration. Until fiscal positions have strengthened, the burden of climate adaptation will disproportionately fall on the private sector. If allowed sufficient flexibility, private sector adaptation could offset about one-third of the likely climate damage by 2050. This may, however, require governments to remove obstacles that prevent workers and firms from moving across locations and activities. As growth prospects dim, the challenge grows to create jobs for South Asia’s rapidly expanding working-age population. South Asia’s large diasporas could become a source of strength if their knowledge, networks, and other resources can be better tapped for investment and trade.Publication Services Unbound(Washington, DC: World Bank, 2024-12-09)Services are a new force for innovation, trade, and growth in East Asia and Pacific. The dramatic diffusion of digital technologies and partial policy reforms in services--from finance, communication, and transport to retail, health, and education--is transforming these economies. The result is higher productivity and changing jobs in the services sector, as well as in the manufacturing sectors that use these services. A region that has thrived through openness to trade and investment in manufacturing still maintains innovation-inhibiting barriers to entry and competition in key services sectors. 'Services Unbound: Digital Technologies and Policy Reform in East Asia and Pacific' makes the case for deeper domestic reforms and greater international cooperation to unleash a virtuous cycle of increased economic opportunity and enhanced human capacity that would power development in the region.