EESL and CESL Spearhead India's Public Transport Electrification Efforts
• EESL and CESL: Leaders in India's Green Mobility Journey, Pave the Way for a Sustainable Mobility Landscape
• India aims for 30% EVs by 2030, cutting 846 million tons of CO2 and 474 million tons of oil imports
• EESL.leads nationwide electric bus initiative
• EESL's model cuts costs, making EV buses viable nationwide
• EESL and CESL strive for affordable rural mobility solutions, going beyond traditional bus services
• 2- and 3-wheel EVs: 80% of 2023 sales
• India would have 6,500 EV charging stations as of March 2023
• Public-Private Partnerships: Cornerstone of India's Electrification
• Andhra Pradesh's Electric Vehicle Revolution: A Blueprint for Change
• EESL appreciated AP gov for offering 100k EVs to employees on EMI with tax benefits, promoting e-mobility
•State has 65,000 EVs, replacing petrol/diesel by 2030
Vijayawada, October 22 2023: In an unequivocal stride towards a sustainable future, India is intensifying its commitment to electrify public transportation, with Energy Efficiency Services Limited (EESL) and Convergence Energy Services Limited (CESL) leading the charge and pioneering transformative initiatives that promise a cleaner, greener era for India's mobility landscape while embracing the global call for eco-friendly initiatives outlined in the G20 Declaration.
India has set an ambitious target of achieving 30% electric vehicles by 2030, promising to curtail 846 million tonnes of CO2 emissions and reduce oil imports by 474 million tonnes. This commitment is realized through schemes and policies such as FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles), PLI (Production Linked Incentive) for advanced chemistry cell (ACC) battery manufacturing, and e-AMRIT (Electric Mobility Adoption Readiness Index Tool). Notably, the electric vehicle market, particularly in the two-wheeler and three-wheeler segments, accounts for over 80% of total EV sales in 2023, with manufacturers like AVERA leading the charge. The nation is reinforcing its EV infrastructure with 6,500 operational public charging stations as of March 2023.
EESL's Visionary Drive:
Against this backdrop, Vishal Kapoor, CEO of EESL, reiterated their unwavering commitment to advancing sustainable public transport. He champions EESL's National Electric Bus Program, a monumental initiative deploying thousands of electric buses nationwide. Vishal underscores EESL's groundbreaking demand aggregation model, optimizing procurement and drastically reducing costs, rendering electric buses economically viable for operators nationwide.
CESL's Trailblazing Endeavors:
Under EESL leadership, CESL advances India's electric mobility agenda, expediting electric bus and micro-eMobility adoption. Innovative financial strategies and demand aggregation efforts have significantly reduced financial barriers in electric bus adoption.
While reviewing the premier programs ,its impact and future planes with Rajneesh Rana and senior executives through a webinar, Vishal Kapoor said that both EESL and CESL highlight the vital role of Public-Private Partnerships (PPP) in India's electrification revolution. By combining government policies with private sector innovation and investment, they showcase the effectiveness of this collaborative approach.
Transparent procurement and joint awareness campaigns underline their dedication to a sustainable electric mobility transition.
Acknowledging the importance of inclusive growth, EESL and CESL, strive for affordable rural mobility solutions, going beyond traditional bus services. Initiatives like the PM Ebus Sewa scheme empower communities, reduce carbon footprints, and enhance lives. Collaborations with global partners drive innovation, delivering customized solutions ranging from battery swapping to smart charging infrastructures, precisely catering to India's unique requirements. . 'Through our National Electric Bus Program, we are propelling sustainable public transport with our innovative demand aggregation model, reducing costs and aligning with India's eco-conscious vision for a greener and more efficient era of public transportation, “ says EESL CEO Vishal Kapoor.
As India strides toward a greener future, the unwavering efforts of EESL and CESL, serve as beacons of the nation's commitment to realizing the ambitious goals in the G20 Declaration. The collaborative initiatives of EESL and CESL drive the country toward a future characterized by sustainable, efficient, and environmentally conscious public transportation.
AP taking steps to usher in electric vehicle revolution
While explaining the various initiatives related to E-mobility in different states, officials from EESL unit of Andhra Pradesh briefed the CEO of EESL that the AP Govt..echoes this commitment. The state is taking steps to usher in an electric vehicle revolution, aligning with the Government of India's policy, which aims for net-zero emissions by 2070.
The CEO appreciated the energy dept. to take stringent steps to provide one lakh electric vehicles to state government employees on an EMI basis, coupled with benefits like road tax exemptions and waived registration fees, fostering a conducive environment for electric mobility.
Furthermore, the State government is establishing approximately 400 EV charging stations across various locations. Presently, 266 stations are operational, with the rest in the pipeline. Additionally, the government intends to install EV charging stations every 25 kilometers along national highways and every 3 kilometers within city limits, with 4000 locations already earmarked for this purpose.
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