Electrifying Mobility in Cities: Investing in the Transformation to Electric Mobility in India

To enable the GoI and relevant stakeholders to make the transformative shift to de-carbonize transport systems, catalyse access to finance for a large-scale adoption of EV across vehicle segments and reduce air pollution in cities by promoting scale-up of electric mobility(1) in India.<br>
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1- Electric Mobility (e-Mobility) / Electro mobility (or e-Mobility) represents the concept of using electric powertrain technologies, in-vehicle information, and communication technologies and connected infrastructures to enable the electric propulsion of vehicles and fleets. Here the electric powertrain replaces the conventional Internal Combustion Engine and transmission with a battery powered electric motor. Conventional gasoline fuel is replaced by battery packs and electricity stored in it.