This working paper examines the kinds of near-term incentives and supporting actions that are necessary to make battery electric vehicles (BEVs) a viable purchase option for drivers in Indian ride-hailing fleets.
As India considers strategies for the rapid electrification of its new vehicle market, policy experiences from around the world offer a variety of feasible pathways and concrete examples that can be tailored to the Indian context.
Market projections for electric vehicle growth in India are ambitious but uncertain. In addition, the passenger car CO2 standards enforced in India are amongst the most lenient, and the super-credit multipliers available for electric vehicles are more generous compared to global practices.
Analyzes the various fiscal incentive mechanisms available in India at a national and state level for hybrid and electric vehicles, and evaluates the relative contribution of such incentives in making these technologies cost-competitive in the Indian market, particularly in context to the central government’s flagship scheme, Faster Adoption and
