Exploring the currents of the EV landscape, Aman Singh, our Co-founder and Head of Analytics, alongside other experts in the field, shares his insights on World EV Day. Delving into the progress of the EV market and its upcoming trajectory, Aman elaborates on the crucial role of innovations in propelling widespread EV adoption. With data and infrastructure as cornerstones, the road ahead holds both promise and challenges.
As the world comes together to celebrate World EV Day, a day dedicated to fostering sustainable electric mobility and collaborative change, here we present the insights of prominent sustainability figures. Their thoughtful perspectives on ‘Driving Change Together’ and ‘Promoting Sustainable eMobility’ provide valuable guidance toward a greener future. Today, we share their meaningful contributions with the hope that they inspire and inform the discourse on sustainable transportation.
Sameer Aggarwal, Founder and CEO at Revfin Services
As we commemorate EV Day, I’m reminded of the incredible journey we’ve embarked upon at Revfin, marked by over 456+ million zero-emission kilometers enabled, 43650+ tons of CO2 emission saved, and counting. Our mission has always been to empower every Indian to embrace electric mobility, and today, we are committed to fueling this transformation. With the world shifting towards sustainable transportation, EVs are no longer the future; they are the present. We’re dedicated to removing barriers to EV adoption, providing flexible and affordable financing solutions to make electric vehicles accessible to all. Our partnership with individuals, businesses, and the government is powering the transition towards cleaner and greener mobility options. On this special day, we celebrate not just the technology but the people and communities coming together to create a sustainable tomorrow. At Revfin, we believe that the road ahead is electric, and we’re driving change.
Sandiip Bhammer, Founder & Co-Managing Partner, Green Frontier Capital
For India to truly embrace EVs, we must catalyze a nationwide “charging revolution”. It’s not merely about rolling out electric cars; it’s the backbone of power behind them which truly counts. The heart of our modern mobility lies in every strategically placed charging station and every innovative solution we bring to the table. We envision a landscape wherein electric chargers are as commonplace as our current petrol pumps, seamlessly integrated into the rhythm of daily life. It’s a dance of technology and infrastructure, harmony between innovation and tradition. An electrified road is no longer a distant dream, but a reality we must confront. This is the future India not only needs but rightfully deserves.
Mr. Namit Jain , Co-founder & CEO, Rupyy
As we commemorate World EV Day, we’re reminded that we stand at a pivotal juncture akin to the early days of the internet—globally symbolized by Tesla’s transformative impact and Europe’s robust green policies. In India, the two-wheel electric vehicle sector has exhibited a robust growth of 60% in H1CY23, capturing a 7% market share from just 1% two years prior. While challenges persist—ranging from high initial costs to infrastructural gaps—the landscape is ripe for disruption. One such avenue is the evolving fintech sector, which is playing an increasingly significant role in EV adoption by streamlining financing options. From a 30% to 40% surge in EV financing penetration in recent months, fintech innovations are effectively democratizing access to electric mobility. Supported by government initiatives, technological breakthroughs, and financial ingenuity, we are confident that India is steering towards a sustainable and electrified future
Mr. Ketan Mehta – Co Founder & CEO, HOP Electric Mobility
Global climate concerns have been driving nations toward sustainability. India’s pledge for carbon neutrality by 2070 spurs interest in New Energy Vehicles (NEVs) like, Hydrogen Fuel Cells, Electric Vehicles (EVs), among other options. ‘Auto Expo 2023’ earlier showcased a futuristic emphasis among OEMs on Green Energy-powered vehicles. Electric Vehicles’ adoption has been gaining traction due to their lower carbon footprint and cost-efficiency. In the first-half of CY-2023, the segment has experienced consistent sales, surpassing the 100,000-unit mark each month according to government estimates. Efforts are also underway to establish a nationwide charging network by the government and companies collaboratively. E.g. We are expanding our ‘HOP Infinity Energy Network’, which we piloted in Rajasthan, now rolling out to other states. Affordability is key for increasing access to EVs; Battery-as-a-Service is an option, keeping in mind its high upfront cost, separating battery costs from vehicle prices to sweeten the deal. Easy financing is also crucial. We at HOP Electric prioritize financial accessibility with financing at our ‘HOP Experience Centres’ and a PAY AS YOU GO system, aiming to provide quality products at reasonable prices. Our commitment to de-carbonization is aimed at reducing greenhouse gas emissions in mobility.
Mayank Bindal, Founder & CEO, Snap E Cabs
In most other companies helping the planet by adopting sustainable practices is undertaken by the CSR wing; While the intent is strong, sometimes execution falters as the goals fail to percolate across the company in a consistent way. However, at Snap-E it would be fair to say that the entire company has imbibed the CSR ethos; We believe that solving some of the most pressing transportation problem for our customers in a profitable way & leading the way to help adopt sustainable practices and helping the planet are not 2 different goals: there are one and the same; With about 400+ cabs (all 100% EV) in operations, Kolkata based Snap-E is among the largest EV Cab fleet owners in the country. The entire team at EC Wheels Private Limited, which operates under the Snap-E brand in the city of Kolkata, is literally working day and night to ensure that not only do we provide an on-demand, easy to use app based solution for the transportation needs of tens of thousands of customers during the daytime but also ferry additional thousands of employees & executives of large corporates and software companies from their home to their offices during the night The team believes that we are not just driving the change – we are the CHANGE!
Rajat Verma, Founder & CEO, Lohum
This World EV Day, we at LOHUM applaud the Government of India for introducing legislative clarity early, admire the EV ecosystem for unforeseen levels of innovation, and are inspired by consumers for being fast adopters, tolerating uncertainties in the interest of a clean and green Earth. India can look forward to a decade of transformative impact powered by breakthroughs in EV sector technology, scale, and circularity. LOHUM’s activities are driving change by building a sustainable supply of energy transition materials. By pioneering solutions that turn EV batteries and critical material waste into virtually infinite value, we pace toward a future that makes full use of its resources and takes accountability for our planet.
Mr. Yatin Gupte, Chairman and Managing Director, Wardwizard Innovations & Mobility Ltd
On this World EV Day, we rally every citizen to unite in the global crusade against excessive carbon emissions and wholeheartedly embrace electric vehicles (EVs) for their everyday transportation needs. EVs stand as the epitome of sustainable mobility, and the remarkable surge in households adopting EVs has catapulted the Indian EV segment forward in recent years. At Wardwizard Innovations & Mobility Ltd, our journey towards electrification and decarbonization commenced in 2016. Since then, we have ascended to the forefront of the EV industry, delighting over 75,000 customers across 50+ cities with our flagship brand, Joy E-Bike. The years 2018 to 2020 laid the foundation for our journey, marked by the introduction of our low-speed and high-speed vehicles. In January 2021, we inaugurated a state-of-the-art manufacturing facility in Vadodara, Gujarat, fortifying our ‘Make-in-India’ ethos and channeling investments into cutting-edge R&D.Notably, in 2023, we proudly introduced the first ‘Made-in-India’ EV two-wheeler, Mihos, and ventured into the three-wheeler market with Joy e-rik. Our unwavering commitment to electrification, decarbonization, and sustainability remains the cornerstone of our vision, vividly embodied by our ongoing endeavors to develop India’s pioneering Electric Vehicle Ancillary Cluster. As we march forward, Wardwizard envisions a future where innovation and sustainability propel us towards unparalleled heights in the EV industry, ensuring a greener, more promising tomorrow.
Khalid Wani, Senior Director – Sales, India, Western Digital at Western Digital.
On World EV Day 2023, we proudly stand alongside the global community in propelling the shift toward a sustainable electric future. The Indian Electric Vehicle (EV) industry is experiencing remarkable growth, driven by its eco-friendly appeal and government regulations targeting emissions reductions by 2030. Electric vehicles have evolved into feature-rich, battery-powered marvels, equipped with cutting-edge technologies and software capabilities, from navigation to infotainment and advanced safety diagnostics. In essence, today’s EVs have the potential to incorporate functionalities akin to autonomous vehicles (AVs). Consequently, as the EV industry flourishes, data storage innovation must evolve in tandem with the sector’s escalating data requirements. Presently, India holds the position of the fifth-largest global automotive market, encompassing both Internal Combustion Engines (ICE) and electric vehicles, with projections indicating a rise to the third-largest market by 2030. This underscores the growing significance of data and data storage, especially with the proliferation of connected and electric cars. To continue serving the evolving needs of the automotive industry, the storage sector must remain dedicated to innovation and advancement, ensuring it meets the surging demand for data-driven solutions.
Naveen Munjal, Managing Director, Hero Electric
“Electric Vehicle Day is a timely reminder for each of us to reassert our commitment to accelerating the transition from internal combustion engines (ICE) to electric vehicles (EVs). The urgency of this transition is underscored by our climate commitments and national objectives. Hero Electric, with its mission, no emission has consciously led the charge, providing substantial momentum to the prospering Indian electric vehicle industry. It is essential that we prioritize the timely fulfilment of our commitments to ensure the delivery of a cleaner planet to the generations that follow.”
Sohinder Gill, CEO, Hero Electric
“Electric Vehicle Day serves as a poignant reminder of our collective responsibility to nurture our planet and catalyse positive change. In today’s global context, Electric Vehicles stand as pivotal instruments in forging a sustainable future marked by eco-friendly transportation and enhanced accessibility. This occasion prompts us to scrutinize our contemporary choices, recognizing their profound influence on the world we give to future generations. Electric Vehicle Day underscores the pressing need to curtail carbon emissions and enhance our environmental well-being. At Hero Electric, our unwavering commitment remains: to empower India with advanced, environmentally responsible solutions and motivate communities to make informed decisions that align with their aspirations.”
Aman Singh, Intangles Co-founder and Head of Analytics
“The electric vehicle landscape is currently experiencing robust growth, particularly in the passenger vehicle and two-wheeler segments. Advancements in battery technology, motor efficiency, and drivetrain configurations are enhancing the practicality of EVs. Luxury EV models now offer impressive ranges of approximately 800-850 km and boast rapid charging capabilities. However, the adoption of EVs in the commercial vehicle sector encounters challenges due to limitations in range, high battery pack costs, and lengthy charging times. Despite proactive government incentives and collaborative initiatives to expand charging infrastructure, the adoption of EVs in heavy-duty trucks faces obstacles. Overcoming challenges such as battery cooling, range concerns, and efficient charging solutions is crucial for the advancement of commercial EV fleets. Access to real-time performance data and well-developed charging networks are pivotal for the successful integration of EVs into commercial fleets, with a continued focus on minimizing energy costs from the grid remaining a key priority.”
Mr. Hitesh Garg, Vice President and India Country Manager
“Electric vehicles are spearheading the battle against climate change, with the government targeting a significant shift: replacing 30% of private, 70% of commercial, and 80% of two and three-wheeler vehicles with EVs by 2030. Although India has made substantial progress in EV adoption, there’s still much ground to cover, and the semiconductor industry can play a pivotal role. Semiconductors function as the nerve center, enabling efficient power management, precise control, accurate sensing and intelligent communication within these state-of-the-art software-defined vehicles. They serve as the driving force behind seamlessly integrating electric motors, energy storage, and advanced electronics, paving the path towards cleaner, greener transportation solutions. In the electrified future, semiconductors will remain the linchpin, accelerating the transformation of our mobility landscape, making electric vehicles smarter, safer, and more sustainable than ever.”
Mr.Dev Arora, Co-Founder & CEO of Alt Mobility.
Dev Arora, Co-founder and CEO of Alt Mobility states, “World EV Day serves as a reminder of our commitment to reducing carbon emissions, improving air quality, and mitigating climate change. Through innovation, collaboration, and investment in charging infrastructure, we are working tirelessly to accelerate the widespread adoption of electric vehicles. Alt Mobility stands proud as a champion for sustainable transportation. As advocates for clean and E-mobility solutions, we believe in the power of electric vehicles to transform our cities and pave the way for a greener future. Commercial fleets will be the fastest to switch to 100% electric in India and globally, due to superior TCO and economics. At Alt Mobility we hope to be the preferred partners for businesses and fleets, in their journey to incorporate zero-emission and smart fleets for the most seamless experience. In less than 16 months of operation, Alt Mobility has already deployed a fleet of over 5,000 vehicles across 8 Indian cities, managing assets worth INR 75 Crores and offsetting more than 20 million kilograms of carbon emissions. Looking forward, the company aims to triple its impact in the current financial year and manage assets worth over INR 300 Crores. Alt Mobility is not just a catalyst for electrifying India’s commercial fleets; it’s a driving force behind a sustainable, efficient, and eco-conscious future On this World EV Day, let us embrace the electrification revolution and inspire others to join the movement towards a cleaner, greener, and more sustainable transportation system. Alt Mobility reaffirms its dedication to driving progress, enhancing accessibility, and nurturing a world where electric vehicles are the norm.”
Dr Lalit Singh – Chief Executive Officer (CEO) of TelioEV
“To hasten the adoption of electric vehicles in India, effective management of EV charging systems is essential. Just as a well-conducted orchestra creates beautiful music, a well-coordinated network of charging infrastructure orchestrates the harmonious transition to electric mobility. We can connect with consumers and stakeholders like Charging station owners etc on the proper level and allay range concerns by making charging stations accessible, affordable, and reliable. Additionally, energy use can be optimized via intelligent charging solution management systems, which ease the strain on the grid and encourage sustainability. Let us keep in mind that well-managed charging infrastructure is the conductor of this transformative symphony, directing us towards a brighter, electric future as India seeks cleaner, greener transportation.”
Mr. Atul Gupta, Co-founder & Director of e-Sprinto
“World EV Day shines a spotlight on the electrifying revolution that is reshaping our means of transportation. In the field of electric two-wheelers, it’s the young startups that are propelling this greener tomorrow. With innovation as their compass and determination as their fuel, these startups are rewriting the rules of transportation. They’re introducing sleek, efficient, and eco-conscious EVs that challenge the status quo, proving that sustainability can coexist with style and performance. These startups are not just driving change; they’re igniting a spark of enthusiasm among the younger generation. As we celebrate World EV Day, let us celebrate these trailblazing startups, for they remind us that the need for electric mobility is not just for the future but for the present as well”
Mr. Rajesh Gupta, Founder & Director, RecycleKaro, India
“World EV Day, celebrated on September 9th, represents the entire EV Ecosystem and our collective responsibility for growth. It’s an opportunity to shed light on crucial industry issues. Foremost among these is the urgent need for a robust lithium-ion battery recycling infrastructure. With the rapid expansion of the EV market, we must establish an efficient system to manage the growing number of end-of-life batteries.Equally vital is sustainable materials sourcing to address the environmental impact of mining raw lithium-ion battery materials like Lithium, Cobalt, Nickel and Manganese. We must prioritize sustainable sourcing and recycling. Extending lithium-ion battery lifespan through initiatives like energy storage repurposing is pivotal. We advocate for clear regulatory standards to ensure safety, environmental responsibility, and efficient material recovery in recycling. Looking ahead, we eagerly anticipate recycling innovations, including advanced extraction methods and material recovery techniques. The concept of a circular economy, reusing and recycling lithium, Cobalt and Nickel metals, will continue gaining momentum. Collaborative efforts between automakers, recyclers, and governments are vital for effective recycling ecosystems. Educating businesses about lithium-ion battery recycling’s significance in a sustainable future is crucial. Our industry looks forward to emerging technologies like solid-state lithium-ion battery recycling and their potential impact. World EV Day is a pivotal moment for lithium-ion battery recyclers to engage stakeholders, raise recycling awareness, and contribute to a greener, sustainable EV ecosystem. This day is a resounding call to action for a brighter, more sustainable future.”
Mr Setul Shah, Founder of RunR Mobility.*
Today, as the world comes together to celebrate electric mobility on World EV Day, let us collectively recognize the pivotal role our choices today play in electrifying our future. It’s a day that beckons us to be the catalysts of change, to accelerate progress, and to transform the shift to electric mobility from a mere option into a shared responsibility. This celebration is a call to arms, urging us to spark a revolution that propels us toward a brighter, more sustainable horizon. It’s a day to embrace the transformative power of electric vehicles. At RunR Mobility, we stand proudly as part of this electric revolution, driven by the mission to make electric vehicles more affordable and accessible to consumers. Our unwavering commitment to ‘Make in India’ vehicles not only bolsters local manufacturing but also perfectly aligns with the sustainable and environmentally friendly ethos of World EV Day. By championing homegrown electric mobility solutions, we actively contribute to a greener future while simultaneously fortifying the Indian economy. As we revel in this day of global celebration, RunR remains steadfast in its dedication to building a robust EV ecosystem that leads the way toward cleaner, more efficient transportation options for everyone. This is our pledge on World EV Day – a commitment to a world where electric vehicles are not just a choice but the preferred choice, ushering in a future of cleaner air, quieter streets, and accessible, sustainable mobility for all. *Mr Setul Shah, Founder of RunR Mobility*
Mr. Sanjay SahaIndia Country Manager, Synaptics
“Today, on World EV Day, we celebrate the remarkable journey of electric vehicles as they revolutionize the way we move, turning cars into ‘computers on wheels.’ In this digital age, the car has become the ‘fourth screen’ for users, alongside their TVs, PCs, and mobile phones. But this transformation isn’t without its challenges. Operating within the unique vehicle environment requires additional innovation and adaptation. We stand at an inflection point in the transportation industry, where success is no longer solely measured by getting from Point A to Point B. It’s about doing so sustainably, with environmental consciousness, and enhancing the user experience with safety, comfort, information, and entertainment features. At Synaptics, we’re proud to be at the forefront of this exciting era, where EVs are not just vehicles; they’re experiences. Together, we’re driving progress, redefining mobility, and electrifying the future.”
Mr. Sumit Sarabhai, Business Head – Emerging Vertical, TeamLease Services
“The world EV Day not only represents a celebration of sustainable transportation but also highlights a significant shift in our employment landscape. According to IBEF reports, the electric vehicle (EV) industry is poised to increase the workforce over the next seven years, with an impressive 10 million direct recruits and an additional 50 million in EV-related jobs. This paradigm shift entails a comprehensive change in the industry’s dynamics, not just numbers.The growing emphasis on gender diversity and inclusion is one notable aspect of this transformation. We are seeing a significant increase in the percentage of women working in the automotive industry, particularly in the electric vehicle and electronics industries. This trend is not only a reflection of changing workplace values but also a strategic move by top Indian automakers who are actively promoting gender diversity within their organisations. Furthermore, a recent report by the Confederation of Indian Industry on ‘Charging Infrastructure for Electric Vehicles’ highlighted the urgent need for 1.32 million charging stations in India by 2030. This discovery opens up a plethora of job opportunities that go beyond traditional tech roles. The growth of the EV market, which is expected to grow at a 49% CAGR from 2022 to 2030, is fuelling demand for positions in on-the-ground support, sales, marketing, and customer service. The future of work is not only technological but also involves a significant shift in roles and responsibilities. As the EV market continues to grow and evolve, it will be shaped not only by technology but also by an increase in gig and temporary jobs. These positions will be critical in meeting the diverse requirements of charging station deployment, network management, and public engagement. While the potential for growth in the Indian EV market is significant, there are also challenges such as high upfront costs, range anxiety, and the need for continued infrastructure development. The growth trajectory of the EV market in India will depend on how these challenges are addressed in the coming years.”