Will the volatile fuel pricing push India towards faster Electric Vehicle adoption?

Wednesday, 3rd February
15:00 - 16:00 | Indian Standard Time (GMT+5:30)

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Moderator

Sunil Varma Marri

Senior Director

Centrum Capital

Co-chair

Deepak Malhotra

Director, Infrastructure, South Asia

CDPQ

Co-chair

Kartik Gopal

Sr. Industry specialist - Electric Vehicles

IFC

Co-chair

Vaibhav Singh

Sr. Analyst

CEEW

Co-chair

Gerald Ollivier

Lead Transport Specialist

The World Bank

Special guest

Anil Srivastava

Principal Consultant & Mission Director

NITI Aayog

Special guest

Mahua Acharya

MD & CEO

Convergence Energy Services Ltd

Sunil Varma Marri

Senior DirectorCentrum Capital

India

Sunil Varma Marri serves as Senior Director at Centrum Capital, a leading Indian financial services firm. With extensive experience in investment banking and capital markets, he has played a key role in driving the company's growth and strategic initiatives. At Centrum, he oversees critical business operations and contributes to the firm's expertise in wealth management, institutional equities, and investment advisory services. His leadership has been instrumental in strengthening client relationships and expanding the company's market presence in India's dynamic financial sector.

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Deepak Malhotra

Director, Infrastructure, South AsiaCDPQ

India

Deepak Malhotra is Sr. Director, Infrastructure, South Asia at Caisse de dépôt et placement du Québec (CDPQ). He has over 18 years of experience across all facets of infrastructure. Before joining CDPQ, Mr. Malhotra worked with International Finance Corporation (IFC), World Bank Group, where he led many debt and equity investments in the infrastructure sector. Prior to IFC, Mr. Malhotra worked with one of the leading credit rating agencies in India and in the shipping industry. Mr. Malhotra holds a Bachelors Degree from Delhi University and an MBA from Vanderbilt University.

Kartik Gopal

Sr. Industry specialist - Electric VehiclesIFC

India

Vaibhav Singh

Sr. AnalystCEEW

India

Gerald Ollivier

Lead Transport SpecialistThe World Bank

India

Gerald Ollivier is a Lead Transport Specialist at The World Bank - India, where he develops solutions to enhance urban mobility, achieve sustainable economic integration through multimodal transport, and ensure safer transport. He leads the Bank's Community of Practice on Transit Oriented Development. Since joining the World Bank in 1995, Mr. Ollivier has significantly contributed to sustainable transport infrastructure and services across 17 member countries. His extensive experience includes supporting metro and high-speed rail development in China and managing trade and transport projects in Europe and Central Asia. He is a civil engineer and a chartered financial analyst.

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Anil Srivastava

Principal Consultant & Mission DirectorNITI Aayog

India

Anil Srivastava, a superannuated IAS officer, serves as Principal Consultant & Mission Director for the National Mission on Transformative Mobility & Battery Storage at NITI Aayog. He has significantly contributed to India's electric vehicle transition and green energy initiatives, developing major policy frameworks. With over three decades in government, his prior roles include Joint Secretary in the Ministry of Civil Aviation and Chairman & Managing Director of Pawan Hans Ltd., where he led a successful turnaround. He holds a B.Tech from IIT Kanpur, a PGDM from IIM Bangalore, and an MA in Public Administration from Syracuse University.

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Mahua Acharya

MD & CEOConvergence Energy Services Ltd

India

Ms. Acharya is the MD & CEO of Convergence Energy Services Ltd. (CESL), a wholly owned subsidiary of EESL. She was Asia director of Climate Policy Initiative & was responsible for leading the organisation in Delhi and Jakarta. She has two decades of experience in green finance, renewables & carbon markets. Ms. Acharya served at Global Green Growth Institute (GGGI) as Assistant Director-General and head of GGGI's investment & policy solutions division where she introduced green finance into the organisation's corporate agenda & established team that worked across 16 countries. Prior to joining GGGI, she was MD at C-Quest Capital LLC. She also held positions at the World Bank as well as in the private sector with Arcelor Mittal, London.

The ongoing decade is expected to be the decade of the fully electric car. With battery prices reportedly falling 73% since 2010, electric cars are expected to be as cheap as fuel-powered cars in the foreseeable future. India has a lot to gain from the widespread adoption of e-mobility. Under the Make In India programme, the manufacturing of e-vehicles and their associated components is expected to increase the share of manufacturing in India’s GDP to 25% by 2022. On the economic front, large-scale adoption of electric vehicles is projected to help save $60 billion on oil imports by 2030. With a concerted policy push at the national level to promote e-mobility, will India move towards faster adoption of Electric Vehicles?

Discussion will touch on

Which are the tipping points for EV adoption and have these changed over the past 2 years?
Should EV manufacturers and charging infra owners be given Infrastructure status?
How can we create financially sustainable charging infrastructure for EVs?

Submit your interest (Non-members)

Participation is restricted to Club Members and eMembers.

If you would prefer to contact us by email, please send to [email protected].

Our team will get in touch with you soon to confirm your participation

Surekha Mahajan

Director - InfrastructureGRI Institute

India

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