Co-author: T Stanzin
The automobile industry is at the center of the global climate transition. With road transport accounting for roughly one-fifth of worldwide CO2 emissions, stringent emission standards in major markets like Europe and the US are pushing manufacturers to rethink vehicle technologies. Electric mobility, alternative fuels, and stricter efficiency norms have become core industrial strategy. With that, worldwide sales of electric vehicles surpassed 17 million units in 2024, an increase of 25% over the previous year.
India is positioning itself seriously within the shift toward cleaner mobility. At policy level, emission standards have been progressively tightened and industrial policies such as the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme and the Production-Linked Incentive (PLI) programme have aligned climate objectives with industrial development goals.
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