NITI Aayog unveils $200 billion EV opportunity report and inaugural IEMI

NITI Aayog launched its flagship report, “Unlocking a 200 Billion Dollar Opportunity: Electric Vehicles in India”, alongside the first edition of the India Electric Mobility Index (IEMI), at an event in New Delhi.

The EV opportunity report calls for a strategic policy shift from incentives toward mandates and disincentives, with targeted focus on high-potential vehicle segments and priority regions. It highlights the urgent need to unlock financing for electric buses and trucks—segments that face some of the steepest adoption hurdles.

The newly introduced IEMI is designed as a comprehensive benchmarking tool to track, assess, and score the progress of all States and Union Territories in advancing electric mobility. Rated on a 100-point scale, the index evaluates performance across 16 indicators grouped into three core themes:

• Transport Electrification Progress – measuring demand-side EV adoption
• Charging Infrastructure Readiness – assessing the growth of supporting charging networks
• EV Research and Innovation Status – tracking technological advancements and innovation

By combining data-driven insights with actionable metrics, the initiative aims to help policymakers, industry leaders, and investors make informed decisions to accelerate India’s electric mobility transition.