NITI Aayog today unveiled its landmark report, “Unlocking a 200 Billion Dollar Opportunity: Electric Vehicles in India,” along with the inaugural edition of the India Electric Mobility Index (IEMI), at an event in the national capital.
The EV opportunity report outlines a strategic shift from incentives to mandates and disincentives, with a focus on high-potential vehicle segments and priority geographies. A key emphasis is on unlocking financing for electric buses and trucks—segments that currently face significant barriers to adoption.
The newly launched IEMI serves as a comprehensive tool to track, evaluate, and score the performance of all States and Union Territories in the electric mobility transition. Scored out of 100, the index measures progress across 16 indicators grouped under three core themes:
-
Transport Electrification Progress – assessing demand-side EV adoption
-
Charging Infrastructure Readiness – evaluating the development of allied charging networks
-
EV Research and Innovation Status – tracking advancements in technology and innovation
The initiative aims to guide policymakers, industry players, and investors towards data-driven decisions in accelerating India’s electric mobility journey.