Transforming ENERGY

10% 9% 8% 7% 6% 5% 4% 3% 2% 1% Regional Trends • India has set the following 2030 EV sales goals: 30% passenger cars, 70% commercial vehicles, and 80% of two- and three-wheelers. Commitments by Japanese Automakers 0% 2022 2023 2024 2025 2026 2027 2028 2029 2030 EV Commercial Vehicle Share (%) EV Two-Wheeler Share (%) EV Passenger Car Share (%) EV Bus Share (%) Figure. Projected EV shares in India, 2022-2030 Data: Bloomberg New Energy Finance (2022) USAID USAID ONREL FROM THE AMERICAN PEOPLE Transforming ENERGY Toyota: EVs constitute 40% of annual sales by 2030 Nissan: 50% sales from EVs and hybrids by 2030 Honda: 30 EV models and production of 2 million units by 2030 9

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