EV sales for each segment by 2030, including 85 per cent of new three-wheeler, 70 per cent of new two-wheelers, 30 per cent of new cars and 35 per cent of new buses. It also recommended that of all the goods vehicle sales in India 15 per cent be electric, in order to achieve this goal. Describing these targets as “a business opportunity and a necessity” for the South Asian nation, the WBCSD statement noted that they would provide an investment opportunity of about $200 billion.
“After rapid growth in India’s renewable energy sector, transport decarbonisation is India’s next big opportunity to address climate change,” Joe Phelan, director at the WBCSD in India, said.
