In India, annual rides with taxi aggregators (such as Ola and Uber) increased from 130 million rides in 2015 to 500 million rides in 2016, with such taxi aggregators accounting for 72% of the overall shared mobility market. Thus, high penetration of shared mobility in India results in higher vehicle utilisation, which can support high demand for EVs. (9.2)

Road transport alone contributed to 87% of the CO2 emissions. (10.1) Transport’s share of Nitrogen Oxide (NOX) emissions stood at ~40% in 2019, and is expected to decline to less than 20% in 2040 with application of more stringent norms applied under Bharat VI emission standards, as well as growing number electric vehicles on the roads. (9.4)

An estimated 74,000 premature deaths were attributable to transportation emissions in India in 2015. This represents a 28% increase in annual transportation-attributable deaths in India compared with 2010. (9.5)

As the share of miles driven by EVs increases, urban mobility emissions will decrease progressively; electrification combined with a clean energy mix and optimized charging patterns will further reduce emissions, improving air quality and benefiting human health, with a much-decreased ecological footprint. (10.2)

India is heavily dependent on oil imports, with a USD 112 billion oil import bill in 2019 (9.3), 80% of which is used for transport fuel. The demand for transport fuel is set to grow as a rapidly urbanizing population demands greater intra-city and inter-city mobility. (9.2) As per Niti Aayog, India has over 170 million two-wheelers. If we assume that each of these vehicles uses a little more than half a litre of petrol per day or about 200 litres per year, the total amount of petrol used by such vehicles is about 34 billion litres. At ₹70 per litre, this would cost about USD 32 billion. Even if we assume that 50% of this is the cost of imported crude (as tax and other may be 50%), one may save USD 16 billion worth of imported oil. (9.2)

GOI proposed a plan to convert all two-wheelers up to 150cc (which currently constitute 90% of the total two-wheeler market in India) electric by 2025. Two-wheelers contribute to ~60-65% of India's total annual petrol consumption. (10.3)

Electric vehicles offer lower operating costs than their petrol, diesel and CNG counterparts for all types of vehicles – 2 wheelers, 3 wheelers, cars, buses and trucks. The operating cost per km comes down to 40% or lower for each type of vehicle. (3.6)

EVs offer cost-efficient solutions for e-commerce and hyperlocal delivery firms. With use of EVs (instead of petrol-based scooters used for deliveries), delivery personnel are not only able to save on the fuel cost incurred, but also increase their net income by ~30%-40% per month. (10.4)

Electricity being a key ingredient for any modern production infrastructure, gaps in energy supply often act as a barrier to productive investments in rural and semi-urban areas. Distributed renewable energy and cleantech solutions can effectively bridge such energy gaps in an environment-friendly way. This facilitates local value addition by creating more productive investment opportunities, specifically in micro enterprises, while also creating demand for skilled and semi-skilled manpower. (3.13) Making such shifts will align with COVID-19 measures announced by GoI to spur growth of MSMEs to improve domestic manufacturing and production capacities. Women benefit from clean energy used for cooking as it helps them save the time spent gathering dirty fuels such as firewood or cow dung, and reduces exposure to indoor air pollution (responsible for 3.8 million premature deaths a year). (8.34)