New Delhi, India (PRWEB)
May 12, 2017
India’s premier national policy thinktank, The National Institution for Transforming India (NITI Aayog), and Rocky Mountain Institute (RMI), a global nonprofit organization focused on driving the efficient and restorative use of resources, today presented specific and actionable solutions to transform India’s mobility sector. The opportunities presented were developed at a February meeting of 75 senior representatives from the Government of India, the private sector, and civil society.
India is at a decisive moment in the development of its mobility sector. Benefiting from lessons learned globally, and presented with the opportunity to avoid the traps of private vehicle ownership and heavy reliance on imported fuel, India could lead the world in advanced mobility solutions. Rapidly evolving technologies and business models for delivering mobility services have dramatic potential to transform the transportation sector, and India is uniquely positioned to take advantage of these developments due to a set of advantageous conditions and distinctive capabilities.
India Leaps Ahead: Transformative Mobility Solutions for All, produced by NITI Aayog and RMI and
based on inputs from 75 stakeholders during the NITI Aayog and RMI Transformative Mobility Solutions Charrette in February, establishes a vision for the future of India’s mobility system, outlines a set of actionable solutions to realize the vision, and estimates the impact of such a transformation.
The report details a “leapfrog” opportunity that may allow India to save as much as 1 gigatonne of carbon emissions between 2017 and 2030, and approximately US$60 billion in annual diesel and petrol costs in 2030. These savings are made possible by the synergistic impact of improvements in systems, manufacturing, and shared infrastructure, including better urban design, high-utilization business models, accelerated adoption of electric vehicles (EVs), and other levers. Pursuing this path for mobility development would enhance energy security, reduce air pollution and carbon emissions, and create dynamic economic opportunities.
Transformation of the mobility sector represents an opportunity to create value not just for passengers, but also for the electricity sector. India has set a target of installing 175 gigawatts of renewable energy generation by 2022. This ambitious target, coupled with India’s electric mobility vision, can create more value and be more readily achieved when pursued together, rather than separately.
The report’s vision outlines a shared, electric, and connected mobility future that provides India’s citizens with clean, affordable, cost-effective, and reliable transportation options to support and enhance their daily lives. As transporation costs impact low- and moderate-income cititzens the most, this…