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By:

Quaid Najmi

4 January 2025 at 3:26:24 pm

India now tops world in e3w, second in e2W sales

Mumbai : In a commendable feat, India has now tops the world in electric 3-wheeler sales accounting for 57 pc of all global sales, and ranks second in electric 2-wheeler sales with a 6 pc world share in 2024, a new report on Zero Emission Vehicles (ZEV) transition released as the COP-3) in Brazil.   The COP-30 Progress Update, has attributed these achievements to the strong policies of the Indian government, especially PM E-Drive and FAME, that helped slash the price gaps between electric and...

India now tops world in e3w, second in e2W sales

Mumbai : In a commendable feat, India has now tops the world in electric 3-wheeler sales accounting for 57 pc of all global sales, and ranks second in electric 2-wheeler sales with a 6 pc world share in 2024, a new report on Zero Emission Vehicles (ZEV) transition released as the COP-3) in Brazil.   The COP-30 Progress Update, has attributed these achievements to the strong policies of the Indian government, especially PM E-Drive and FAME, that helped slash the price gaps between electric and petrol vehicles, pushing large-scale adoption across last-mile transport and encouraging major private investments.   India’s strategy to combat pollution levels has been to target the vehicles most common on its roads – two and three wheelers, which account for nearly 80 pc of the total automobiles sales in the country.   This targeted approach has led to a cycle where more sales encourage more investment, which further accelerates the market, as per the report shared by International Council on Clean Transportation (ICCT) India.   The PM E-Drive Scheme further boosts adoption by supporting the sale of 2.5 million e2w’s and 320,000 e3w’s, backed by a USD-315 million outlay for vehicles and charging infrastructure.   It has pushed private and public sector to act, like a major delivery company committing to convert its entire fleet into EVs in five years, some state and local governments assuring to partially convert their fleets of official or public transport vehicles to electric.   Even globally, EV adoption is increasing despite policy shifts in some advanced economies. EVs notched18 pc of all global light-duty vehicles in 2024, up from 14 pc in 2023, and likely to go up further this year.   With France, Spain, and Croatia showering more consumer incentives, UK and Canada refining ZEV mandates, the public charging points world over have doubled from 2.50 million (2022) to over 5 million now.   Racing to keep up, India has recorded a 23 pc year-on-year rise in light-duty EV sales from 2023 to 2024 and reaching a 2.9 pc EV share in early 2025.   The COP-30 report has lauded India’s FAME and PM E-Drive programs - and the EU’s AFIR regulation - as major forces speeding up the global move toward zero-emission mobility.   ICCT’s India Managing Director Amit Bhatt emphasized that electrifying India’s dominant vehicle segments is already delivering results. He termed as timely and essential next step the Centre’s fresh push to electrify medium and heavy-duty trucks – which comprise only 3 pc of the total vehicle stock but cough out 44 pc  of transport emissions. Clean & green leaders: India’s e3w & e2W The Faster Adoption & Manufacturing of Hybrid & Electric Vehicles (FAME) and PM E-Drive programs helped lower the upfront costs of electric 2 wheelers and electric 3 wheelers, making them price-competitive with ICE equivalents.   The transition has been powered by a strong collaboration between government and the private sector, particularly in last-mile delivery, with companies adopting EVs to save costs and working with rental partners to build out the ecosystem.   The quick expansion of EV charging networks in the world is driven by encouraging policies - with Europe’s reliance on deployment targets and India’s use of targeted incentives demonstrating two effective and scalable models, as per the COP-30 coming a day before the global meet ends on Friday.

Can India Unlock Peace in Ukraine?

Amid the wreckage of a cancelled U.S.-Russia summit, India’s quiet diplomacy could yet make it the world’s most plausible broker of peace in ending a grinding conflict.

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The Budapest summit that was to be held last month was meant to be a moment of hope. The meeting between US President Donald Trump and Russia’s Vladimir Putin promised to make one more attempt at ending the devastating war in Ukraine. Instead, it became another casualty of distrust.


In the weeks before the scheduled meeting, Russia’s foreign ministry circulated a memo to Washington, restating its now-familiar demands: recognition of its territorial claims in Ukraine, and a binding assurance that Kyiv would never be allowed into NATO. Putin called these “basic conditions” for negotiation. The United States called them unacceptable and abruptly cancelled the summit after what officials described as a tense phone exchange between the two countries’ top diplomats.


The breakdown has reinforced an uncomfortable truth that the world’s two nuclear superpowers are not just unwilling, but perhaps incapable, of finding common ground. In the fallout, it is countries like India that find themselves uncomfortably caught between principles and partnerships.


Delicate balance

New Delhi has been walking a diplomatic tightrope for some time now. Its long-standing friendship with Moscow, rooted in Cold War camaraderie and defence cooperation, coexists with its deepening strategic partnership with Washington especially in the Indo-Pacific, where China’s rise looms large.


The cancellation of the Budapest summit exposes the limits of India’s balancing act. Yet it also highlights India’s potential. For all its failed attempts to forge a ceasefire or humanitarian corridor in Ukraine, India remains one of the few powers trusted—or at least tolerated—by both Russia and the West. That, in itself, is no small thing.


Since independence in 1947, India has practised a form of strategic non-alignment. The principle was simple: engage with all, align with none. In the 21st century, that doctrine has evolved into ‘multi-alignment’ - a more fluid, opportunistic form of engagement designed to preserve strategic autonomy amid great-power rivalry. The result is that India can talk to everyone, from Washington and Moscow to Beijing and Brussels, without the baggage of ideological allegiance.


This very flexibility makes India uniquely suited to act as a go-between. As the war in Ukraine drags into its fourth year, with the West’s fatigue growing and Russia’s resolve hardening, the world needs a credible interlocutor who can coax both sides toward compromise. India, unlike China or Turkey, fits that description.


India’s credentials are formidable. Its partnership with the United States has deepened dramatically over the past decade, accelerated by shared concerns over China’s assertiveness in the Indo-Pacific. Defence agreements, joint military exercises, and technology partnerships have multiplied since 2014.


Yet India has refused to join the Western sanctions regime against Russia, continuing to buy discounted Russian oil and arms, citing “national interest.”


Far from alienating Washington, this stance has been met with grudging respect. America recognises that India’s neutrality, however inconvenient, gives it access to Moscow in ways the West no longer enjoys. In private, several Western diplomats concede that if peace talks are ever to resume, they will likely pass through New Delhi.


There is also the matter of perception. India, unlike most major powers, commands moral legitimacy across the developing world. It is seen not as a hegemon or patron, but as a fellow traveller that speaks for the Global South. When Prime Minister Narendra Modi told Putin in 2022 that “today’s era is not an era of war,” it struck a chord across capitals weary of confrontation. It was a simple phrase, but it carried the weight of an alternative worldview that values dialogue over dominance.


Honest broker

That perspective aligns with the mood in much of Africa, Asia and Latin America. Many countries have quietly refused to take sides in the Ukraine conflict, opposing Western sanctions while also condemning Russia’s invasion. In United Nations votes, their ambivalence has been visible. India embodies that ambivalence in diplomatic form. It is precisely this balancing act that could make it an honest broker.


Other potential mediators have fallen short. China, despite its global influence, has disqualified itself by leaning too heavily towards Moscow. Indonesia and Israel have made sporadic attempts at diplomacy but lack the clout to sustain them. Turkey, though instrumental in brokering grain-export deals in 2022, remains a NATO member and its own president has accused the West of ‘provoking’ Russia. Vietnam, with ties to both Russia and the U.S., has chosen to remain studiously silent.


By contrast, India has kept its options open. It has neither condemned nor condoned Russia’s war, neither abandoned nor alienated the West. Its approach has been frustratingly cautious but also disarmingly consistent. In a geopolitical landscape where every player seems trapped by alliances, India’s flexibility is its strength.


For this potential to translate into influence, two conditions must be met. First, Washington must temper its impatience with India’s neutrality. If President Trump, never one for diplomatic nuance, truly wants a negotiated peace, he must resist the temptation to berate India for hedging its bets. His anti-India rhetoric will only serve only to squander two decades of bipartisan effort to strengthen ties between the world’s two largest democracies.


Second, New Delhi must seize the moment. It cannot be content merely to occupy the middle ground but must use that space to shape outcomes. By investing political capital in shuttle diplomacy, perhaps under the aegis of the G20 or BRICS, India can demonstrate that it is not just a bridge between East and West, but a power capable of solving problems that others cannot.


Such a role would enhance India’s global stature while providing a moral counterpoint to the cynicism that has come to define modern geopolitics. Peace is never achieved by those with the loudest guns but by those with the most credible voices. The world may not be ready to admit it, but the path to ending the Ukraine war may well run through New Delhi.


(The author is a retired Naval Aviation Officer and a defence and geopolitical analyst. Views personal.)

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