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IESA - Invest India webinar on 'Investment for Indian EV Acceleration'
The decarbonization of the transport sector in India is at the center of global climate change abatement. Adding 300 million new vehicles to its roads by 2040, this could lead to a four million barrel per day increase in oil demand. The Government has already pledged that by 2030, 30% of all new vehicle sales in the country will be EVs, a policy goal that has several strategic advantages including abating carbon emissions and improving energy security. In support of this pledge, it has introduced important initiatives at the national and state levels. For India to keep pace with its ambitions, however, it will need substantially more foreign direct investment. Presently, there is a major gap between the investment levels in EVs and batteries required to remain aligned with net-zero scenarios and existing investment levels. This event will present a report jointly prepared by Invest India, Columbia University’s Center on Global Energy Policy, the International Institute for Sustainable Development, and the Indian Council for Research on International Economic Relations. It will introduce investor feedback on Indian policies that have been drivers of investment, as well as the remaining barriers that, when overcome, could further upscale inward FDI.

Aug 3, 2022 04:00 PM in India

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