The future of the Indian transport industry will be carved by radical transformations through major disruptive technologies based on Intelligent transport systems driven by Industry 4.0, data analytics, IoT, and artificial intelligence from hyperloop to autonomous and remotely piloted vehicles.
The current transportation sector will also witness an overhaul in its pursuit of cleaner energy and greener low carbon energy fuel with electric-mobility, biofuel driven, and Hydrogen-powered vehicles taking a lead. This would enable India to fulfill its commitment of cutting GHG emissions intensity by 33% to 35% percent below 2005 levels by 2030 and acting as an enabler of energy security by reducing dependence on imports. As a pioneer of the International Solar Alliance, India also looks to leverage solar energy for transport.
India aims to achieve global scale and competitiveness in cutting-edge battery technology, higher energy densities, faster charging, and reduced battery degradation from charging. The Government has set a target of electric vehicles making up 30% of new sales of cars and two-wheelers by 2030. Transportation in India is thus evolving towards novel modes and smart energy sources accompanied by physical and digital infrastructure.
Indian States signed MoUs to facilitate the development of Hyperloop transportation system
Investments in Indian EV startups by corporate, venture capital and private equity firms in 2019
Total no. of Electric Vehicles sold in India in India (2019-20)
states in India have final or draft EV policies that support the national electric mobility policies
The Government of India has constituted a 'Consultative Group chaired by Principal Scientific Adviser (PSA) on future transportation', to carry forward the initiative on 'Energy and Transportation
Government has approved Phase-II of FAME Scheme with an outlay of ₹10,000 Crore for a period of 3 years commencing from 1st April 2019.
This mission is critical for India to reduce fossil fuel consumption and mitigate emissions by facilitating the production of Electric Vehicles (EVs) economically.
Scheme for Faster Adoption and Manufacturing of Electric Vehicles in India Phase II