"Overall, the EV infrastructure is tightly coupled with the EV and charging station characteristics, battery technologies, and electricity markets," the report said. "More than half of the stakeholders, as part of a survey in the report, have also recommended the involvement of discoms in Electric Vehicle Supply Equipment (EVSE) deployment and classification of EV charging infrastructure as corporate social responsibility. "Besides, the survey suggested design simplifications, partnership during the transition, and optimisation of urban mobility as effective cost reduction levers for bringing down EV costs in India. ""The global sales of EVs in 2020 increased by 39 per cent y-o-y to 3.1 million units, whereas the total passenger car market declined 14 per cent. "The year 2020 has presented a great responsibility and opportunity to fast track the development of electrification and electric vehicles (EV) by utilising the strengths available globally through a collaborative and integrated effort," said Saket Mehra, Partner, Grant Thornton.

Source: Economic Times June 12, 2021 14:39 UTC