8th India e-Mobility Conclave 2021 (IMC 2021)

India is poised to become one of the largest electric mobility markets globally in the coming decade with the Indian government’s drive to curb pollution and reduce reliance on import-dependent fossil fuels. Although we are still in the infancy stage of EV adoption, changes in the technology landscape and due to the government’s focussed vision, the coming years will see EV sales surge in the sub-continent. Tesla’s entry into India will ensure a slew of quality products in the EV market which will bring about healthy competition between global and Indian players.

 

EV sales in India stood at 3,80,000 in 2019-20, and the EV battery market at 5.4GWh in the same year. IESA expects the EV market to grow at a compound annual growth rate of 44 percent between 2020-2027, and to hit a 6.34 million annual unit sale by 2027. The annual battery demand is forecasted to grow at 32 percent to hit 50GWh by 2027. Of this, 40+GWh will be lithium-ion batteries. The battery market potential was estimated at $580 million in 2019 and is forecasted to grow to $14.9 billion by 2027. To boost indigenous manufacturing, the cabinet recently approved a production linked incentive scheme for 10 sectors, including Auto and Auto components and Advanced Cell Chemistry Battery.

 

Ever since EV became a buzzword, IESA has actively engaged with 12+ states and union territories to pioneer the way to increase production, infrastructure and services towards the adoption of EVs in India. Various State governments have led by example and announced EV policies to promote the development of electric mobility infrastructure and provide incentives for EV and energy storage manufacturing.

 

With a similar intention in mind we are delighted to announce the 8th Electric Mobility event India e-Mobility Conclave 2021 (IMC 2021) which focuses on the roadmap and outlook for e-mobility in India.This is a unique platform to interact, network and pick up on the market landscape, government policies, new products, EV and charging Infrastructure deployment, as well as fast charging and swapping technologies.

Click to download the brochure