India's commitment to clean mobility and renewable energy is gaining momentum, propelled by ambitious government targets, increasing investments, and proactive industry participation. Industry leaders highlight the country's advancements and future strategies in these sectors, emphasizing innovation and sustainability.

Renewable Energy Expansion

India's renewable energy sector is experiencing rapid growth, driven by the nation's decarbonization goals and clean energy initiatives. The country is on track to meet its 2030 climate target of having low-carbon technologies account for 50% of power generation capacity this year, five years ahead of schedule. As of March 2025, renewable energy sources, including biomass, waste to power, and waste to energy, have a combined installed capacity of 220.09 GW. The government is committed to increasing the use of clean energy sources and is undertaking various large-scale sustainable power projects. India's installed renewable energy capacity is the fourth largest in the world. The country aims to achieve 500 GW of renewable energy capacity by 2030 and is set to invest over US$ 360 billion in renewable energy and infrastructure to reach this goal.

Electric Vehicle Revolution

The electric vehicle (EV) market in India is expanding rapidly, driven by government support, decreasing battery prices, and increasing consumer demand. By February 2025, India had registered 56.75 lakh electric vehicles, which reflects the quick adoption of clean mobility. Electric two-wheeler sales reached 11.49 lakh units in FY 2024–25, up 21% from the previous year. Government initiatives such as FAME II, PM-eBus Sewa, and PLI schemes are steering investment, localization, and large-scale EV adoption. The government has set a vision to achieve 30% EV penetration by 2030, aligning with the global EV30@30 initiative. As of June 2025, there are over 6.5 million EVs operating on Indian roads. In 2024 alone, 2.03 million EV units were sold, marking a 27% year-on-year growth. To promote EV adoption, the government is providing subsidies on electric two-wheelers, three-wheelers, trucks, and buses.

Investment and Innovation

Considerable investments are being made in both renewable energy and EV sectors. India is set to significantly increase its renewable energy investments by 83% to approximately US$ 16.5 billion in 2024. In 2024, $25 billion was raised for clean energy, driven by private equity, venture capital, green bonds, and project refinancing. The Production Linked Incentive (PLI) scheme, with a budget of ₹25,938 crore, boosts domestic manufacturing of Advanced Automotive Technologies.

Challenges and the Way Forward

While India is making considerable strides in clean mobility and renewables, it faces challenges such as rising power demand and the need for stable and predictable power alternatives. India's power demand is predicted to reach a peak of 370 gigawatts in 2025, an 8% increase from last year, driven by urbanization, electrification, expanding data centers, and increasingly erratic weather patterns. Addressing these challenges requires strategic planning, policy support, and technological innovation. Discussions at events like the BNEF Summit in New Delhi focus on energy transition strategies, electrification of mobility, and financing India's power transition.

Overall, India is strongly focused on clean mobility and renewables, driven by government initiatives, industry investments, and technological advancements. The country is well-positioned to achieve its sustainability goals and emerge as a leader in the global energy transition.