This strategic policy document includes a target of 30% share of EV sales in total domestic vehicle sales by 2030.
The roadmap is made up of a three-phase development plan. Under Phase 1 of the programme, which will run from this year until 2022, the government will promote electric motorcycles and support the development of its infrastructure nationwide.
From 2023 to 2025, it will initiate Phase 2, where the EV industry will be developed to produce 225,000 cars and pick-up trucks, 360,000 motorcycles and 18,000 buses/trucks, including the production of batteries. As indicated by the report, this first milestone is designed to deliver cost advantages via economies of scale.
In Phase 3, which will run from 2026 to 2030, the country will adopt a “30/30 policy,” working towards a target of producing 725,000 EV cars and pick-ups plus 675,000 EV motorcycles by 2030, which would constitute 30% of all auto production. This will also include the domestic manufacture of batteries.