India at 2047

India has set a vision for energy independence by 2047, as part of the Atmanirbhar Bharat Abhiyaan (self-reliant India campaign). This, along with national goals such as achieving net-zero emissions by 2070, is setting a course for the country to transition away from a fossil-fuel-based, import-reliant energy system to one powered by domestically produced, renewable sources. Since 18% of India’s current energy demand comes from the transport sector, ensuring a transition to a clean mobility system will be critical to achieving energy independence.

RMI’s India at 2047 report analysis indicates that to achieve energy independence in the mobility sector, India would need to achieve 100% clean-fuel vehicle sales penetration (primarily electric vehicles) across all vehicle segments by 2043. The analysis also demonstrates the significant impact of this transition, including reductions of:

• 91% of crude oil consumption in the road transport sector by 2047, demonstrating a cumulative savings of INR 160 lakh crore (US$1,923 billion);
• 57% of energy demand from the road transport sector in 2047; and
• 87 % of carbon emissions from the road transport sector in 2047.

Much action is needed to get India to a future in which electric vehicles (EVs) account for the dominant share of vehicles on the road by 2047. RMI’s India at 2047 report provides key recommendations and actions to transition the country to an electric, shared, and energy-independent mobility system, including:

• Implementing cohesive supply- and demand-side policies
• Establishing accessible, affordable, and safe EV infrastructure
• Prioritizing innovative financing mechanisms
• Committing to a clean and reliable grid
• Developing a circular economy for EV batteries
• Promoting domestic EV production

This multifaceted approach requires collaboration between policymakers, industry stakeholders, and the public. Committing to bold actions and long-term strategies pave the way for a greener, healthier, and more prosperous India. Together, with stakeholder collaboration, India can achieve energy independence for its mobility sector and set an example for the world to follow.