new delhi niti aayog with rocky mountain institute on wednesday released a series of policy briefs addressing indias obstacles and opportunities on the path to a shared electric and connected mobility future the first report indias energy storage mission outlines a strategy for india to become a global hub of battery manufacturing the second report valuing society first evaluates a feebate policy to incentivize the supply and demand of electric vehicles in india indias mobility transformation presents an enormous economic opportunity for india innovative business models and supportive policy frameworks can help make india a global hub for manufacturing electric vehicles and their components accelerating this transition while creating jobs strengthening indian industry and cleaning the air said amitabh kant ceo niti aayog while the global energy transition is already underway and moving with breathtaking speed many forecasts have not taken into account indias ambitions in mobility said james newcomb managing director india of rocky mountain institute he further added india has an opportunity not only to become one of the largest electric vehicle markets in the world but also to support electric vehicle adoption globally indias energy storage mission in line with its aspiration to achieve 100 per cent electric vehicle ev sales by 2030 india could become one of the worlds leaders in battery manufacturing to do so india will require a strategy to overcome its nascent position in battery manufacturing and claim an increasing share of this industrys value indias leapfrog vision of a shared electric and connected mobility system could create a 300billion domestic market for electric vehicle batteries by 2030 representing nearly twofifths of global ev battery demand according to a new report indias energy storage mission released by niti aayog and rocky mountain institute since a battery currently accounts for about onethird of an evs total purchase price reducing battery costs through rapidly scaling production and standardizing battery components could be a key element of longterm success for indias automotive sector based on historic learning rates demand for ev batteries in india could drive down global battery prices by as much as 16 percent to 60 per kwh by 2030 compared to projections that do not include indias ev goals the report estimates that india can capture 2540 per cent of the total economic opportunity represented by ev battery manufacturing under a scenario where india imports lithiumion cells and assembles these cells into battery packs as indias battery manufacturing capabilities mature and supply chains develop potentially with new battery chemistries india has the opportunity to produce both cells and packs while importing only the cathode or its raw materials by following this path india stands to capture nearly 80 per cent 240 billion of the economic opportunity over time coordination among industry stakeholders and government can help to define a pathway to growth and competitiveness by establishing a shared technology roadmap creating common standards and aligning policies in the report niti aayog and rmi recommend that india create a consortium including representatives from the