India has a Great Foundation and Suitable Environment to Develop EV Ecosystem Further
Regional Ambassador for Asia-Pacific and South Asia for COP26, Ken O’Flaherty believes that India has a great foundation, strong commitment, and suitable environment to develop its EV ecosystem further.
Speaking at the webinar on ‘Future of E-Mobility in India: Strategies to Drive Demand’ – part of COP26 Webinar Series organised by TERI and the British High Commission, the Ambassador said “electric vehicles (EV) are already cheaper to run than ICE vehicles and they are expected to be cheaper to buy within the next few years. India has a great foundation, strong commitment, and suitable environment to develop its EV ecosystem further.”
The four-day discussions will cover green finance, nature-based solutions, and adaptation and resilience in the lead up to the annual global conference, the World Sustainable Development Summit, scheduled from Feb 10-12, 2021.
“As hosts of COP26, the UK is trying to set a strong example with our legally binding targets to cut emissions by 2030 whilst growing our economy. We have cut coal use in the power sector from almost 40 percent in 2012 to 5 percent in 2018, and we will phase it out entirely by 2025.” the Ambassador added.
Dr. Ajay Mathur, Director General, TERI, said “India’s transport sector should move from fossil fuels towards electricity, and in the future, aim that this electricity is generated from renewable energy.”
