Indian Government Establishes National Board for Electric Mobility

The setting up of National Board for Electric Mobility board will boost the global electric vehicle infrastructure market

India: The Government of India have set up the national board of electric mobility (NBEM) in a bid to promote the electric mobility along with encouraging manufacturing of electric and hybrid vehicles in the country.

The NBEM will understand, propose implement the short-term and long-term development plan for National Electric Mobility Mission. The board would have its objectives, quantifiable outcomes and defined roles & responsibilities of stakeholders. The organization will explore and recommend collaborations and tie-ups for technology acquisitions, acquiring technical talent and explore agreements opportunity with leading R&D centers to ensure availability of technology to the Indian industry.

Techsci research depicts that setting up of National Board for Electric Mobility would encourage the production as well as adoption of electric vehicles in the country. India is one of the largest automotive markets across the world. However, the penetration of electric vehicle in the country is very low. The Board would facilitate the development of electric vehicle industry. The rising sales of electric vehicles would also help in the development of electric vehicle infrastructure in the region.

According to released report of TechSci Research, “Global Electric Vehicle Infrastructure Market By Type, By Installed Location, By Region, Competition Forecast and Opportunities, 2011 - 2021”, the global market for electric vehicle infrastructure is forecast to grow at a CAGR of over 27% during 2016-2021, on account of favorable government policies that promote adoption of electric vehicles and growing concerns over harmful effects of air pollution. Additionally, grid integration of electric vehicles is projected to offer huge impetus to global electric vehicle infrastructure market in the coming years.