Global Electrical Vehicle Outlook

Why in news?

• Global Electrical Vehicle Outlook has been published.

About GEV outlook and its findings about India:

• It is published by International energy agency.
• As per the report, more than 30 per cent of new vehicle sales in India will be electric by 2030.
• EV deployment in India will mainly be achieved through the electrification of two/three-wheelers, which will reach a sales share of almost 50 per cent, IEA said.
• The rate of electrification of buses and light-duty vehicles is lower, below 15 per cent sales share in 2030,” it added.
• The lack of government spending under the FAME II policy has hindered EV deployment along with a pressure on domestic automakers to focus on BS-VI innovation instead of EVs, IEA said.
• It noted that despite reaching more than halfway to the April 2022 end- date, only 3 per cent of the allocated funds under FAME II have been used for a total of just 30 000 vehicles.

Prelims Question:

Global electrical Vehicle outlook has been published by:
(a)United Nations Environment Program
(b)International Energy Agency
(c)World Economic Forum
(d)Climate action network

Answer to Prelims question