To enable the GoI and relevant stakeholders to make the transformative shift to de-carbonize transport systems, catalyse access to finance for a large-scale adoption of EV across vehicle segments and reduce air pollution in cities by promoting scale-up of electric mobility(1) in India.

1- Electric Mobility (e-Mobility) / Electro mobility (or e-Mobility) represents the concept of using electric powertrain technologies, in-vehicle information, and communication technologies and connected infrastructures to enable the electric propulsion of vehicles and fleets. Here the electric powertrain replaces the conventional Internal Combustion Engine and transmission with a battery powered electric motor. Conventional gasoline fuel is replaced by battery packs and electricity stored in it.

Project Details

GEF Project ID
10276
Country
India
Implementing Agencies
United Nations Environment Programme
Asian Development Bank
Approval FY
2021
Status
Project Approved
Region
Asia
Executing Agencies
Energy Efficiency Services Ltd. (EESL), National Institution for Transforming India (NITI) Aayog
GEF Period
GEF - 7
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund

Financials

USD
Co-financing Total
162,780,000
GEF Project Grant
5,366,976
GEF Agency Fees
483,028

Timeline

Received by GEF
21 Jun 2019
Concept Approved
24 Jul 2019
Project Approved for Implementation
03 Jun 2021