1、 Electric Mobility Strengthening Eco-System Towards Vision 2030The Associated Chambers of Commerce and Industry of IndiaAugust 2023Deepak Sood Secretary General,ASSOCHAMMESSAGEThe automotive sector is a significant driver of the Indian economy,owing to its strong backward and forward linkages.Global

2、ly the automotive industry has seen many transformations in the last 50 years.However,the current trend of a paradigm shift towards Electric Vehicles is a significant one.This sector accounts for a large part of greenhouse gas emissions,which has necessitated the development of sustainable mobility

3、options for India and the world because of the impact of carbon emissions on our lifestyle and economy.As India relies heavily on fossil fuels for its energy supply,adopting EVs will be particularly important for our economy and future growth prospects.Countries across the world are moving towards E

4、Vs,and their pace of development is increasing across segments from passenger cars to other modes of transport.It is,therefore,important to fully understand how new technologies in EVs will influence future mobility,the associated business models,and social acceptability.In recent years,the Governme

5、nt of India has facilitated various policy reforms and incentives to encourage the development and acceptance of electric vehicles.To encourage EV penetration in India,several strategic policy incentives have been provided by governments both at the Central and State level.EVs have the potential to

6、transform the automotive industry and help decarbonize the planet,and India can benefit on many fronts with the introduction of electric vehicles in the country.The Government of India is vigorously promoting the rapid adoption of electric vehicles to accelerate the transition to green mobility and