EVs may increment power demand of 160bn units by 2030

Kolkata Feb 9 (IANS) E-mobility is likely to be a key "demand driver of electricity" and "positive for coal-based generation" and electric vehicles (EV) could result in incremental power demand of nearly 160 billion units by 2030 according to a Coal Vision 2030 document.

"It is estimated that EVs could emerge as a key segment in the overall automobile sector. Assuming a market share of 15 per cent by 2030 EVs can result in incremental power demand of nearly 160 billion units by 2030 " the study said.

Coal India Limited (CIL) has commissioned this study to assess the future demand scenarios for the coal sector up to 2030.

The study said in India e-mobility or electric vehicles segment is at a nascent stage and currently there were just over 4 lakh electric two-wheelers and a few thousand electric cars on the roads.

"However EVs have the potential to grow to more than 5 per cent (of annual vehicle sales) in a few years " it added.

The Ministry of Heavy Industries and Public Enterprises under the National Electric Mobility Mission Plan 2020 has formulated the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme to push e-mobility adoption in the country.

"The scheme envisages a population of 15-16 million electric vehicles in India by the year 2020 " the ministry said.

--IANS
bdc/ksk/vm