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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.

PLAIN SPEAK

"We have no role to play beyond a facilitator (In the Indus Water Treaty). There's a lot of speculation in the media about how the World Bank will step in & fix the problem, but it's all bunk. The World Bank's role is merely as a facilitator.”

Ajay Banga, President, World Bank


"We congratulate the central government leadership and our armed forces for the decisive action taken under 'Operation Sindoor' against Pak-sponsored terrorists and their supporting ecosystem following the cowardly attack on unarmed tourists at Pahalgam. We totally agree that military action being taken against terrorists, their infrastructure and support systems in Pakistan is necessary and inevitable for the security of the country. In this hour of national crisis, the entire country stands with the government and armed forces in spirit and action."

Mohan Bhagwat, Chief, RSS


“Be it Kargil, Pulwama, Pahalgam or Pathankot, we have seen whenever there is a military action, it only treats symptoms, it does not treat the root cause of the problem. It doesn't bring any solution and doesn't help in maintaining permanent peace. Our country is emerging as a huge force in the world, the internal situation is not good in Pakistan. So, both the countries should attempt to have political intervention. Nothing can be achieved from military intervention.”

Mehbooba Mufti, Chief, PDP


“Everybody knows that for the last 30 years, Pakistan has used this (terrorism) as a means of sub-critical warfare against India. If the international community really wants to be able to look at this and worry about it, the simple solution is to tell Pakistan it has an opportunity for an off-ramp. These are things that the world should have compelled Pakistan to do 30 years ago, and to compel them to implement their promises about taking down this infrastructure. It has not done so. The logical solution would be, as we've said repeatedly, for Pakistan to take the opportunity of an off ramp, which we have made abundantly clear, including this morning, that if Pakistan stops attacking our military facilities, the matter ends there, but it is for them to decide.”

Vikram Doraiswami, Indian High Commissioner to UK


"We can't control these countries though. Fundamentally, India has its gripes with Pakistan. Pakistan has responded to India. What we can do is try to encourage these folks to de-escalate a little bit. But we're not going to get involved in the middle of war that's fundamentally none of our business and has nothing to do with America's ability to control it. America can't tell the Indians to lay down their arms. We can't tell the Pakistanis to lay down their arms. And so we're going to continue to pursue this thing through diplomatic channels.”

J D Vance, Vice President, US


"The way civilians have been targeted, and the kind of attacks carried out in Jammu city – I don't think Jammu has been targeted like this since the 1971 war. This continuous escalation from Pakistan's side benefits no one. Pakistan gains nothing from this, nor will they succeed. They should silence their guns and help normalise the situation here.”

Omar Abdullah, CM, Jammu and Kashmir


“We support every necessary step taken for the defence and protection of the nation and its people and emphasises that in these critical times, the public, political parties, armed forces, and the government must come together to face these threats. There is absolutely no place for terrorism in Islamic teachings, globally recognised principles and human values. Therefore, countries should resolve their matters through bilateral dialogues and discussions. It is also a fact that war is not a solution to any issue.”

All India Muslim Personal Law Board


“The frame and the template in which we look at is the terror template. April 22 was the most heinous terrorist act. It is nobody's case to say that these terrorists should be given a free pass, and that's precisely what we did day before yesterday, held them accountable, brought them to justice. We are at war with the terrorists, and we will, as I said, bring justice to the victims and hold them accountable.”

Vinay Kwatra, Indian Ambassador to US


“India's strategic interventions and diplomatic leadership can play a transformative role in countering radical ideologies and promoting sustainable peace across South Asia. We must all act as custodians of the values that bind us as a diverse yet harmonious nation.”

Sheikh Abubakr Ahmad, Grand Mufti of India

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