Speaking at the two-day Global Mobility Summit, NITI Aayog CEO Amitabh Kant said that India’s vehicular transportation was set to undergo a massive change by the next decade with electric vehicles (EVs) emerging as the preferred choice of transport. He also stated that India looks set to become the biggest passenger car market by the year 2030.

Kant said that two-wheelers account for 76 percent of all vehicles sold in our country, consuming 64 percent of fuel and accounting for 30 percent of pollution. "In addition, 70 percent of goods transportation is done on lorries which too are major contributors to vehicular pollution," he said.

The challenge for India, according to Kant, is to equip vehicles and build infrastructure for electrifying all modes of road transport and therefore it is necessary to substitute fossil fuels with cleaner alternative fuels. He added that businesses should seize opportunities that are set to emerge from e-mobility.