India is all set to celebrate Diwali with immense excitement. The festival of lights represents the victory of good over evil, bringing together people of all ages and communities. However, as the global focus on environmental sustainability intensifies, so does concern over the festival’s effects on the environment. Diwali can be celebrated in an environmentally friendly way by adopting sustainable practices. Switching to LED lights & traditional diyas, avoiding firecrackers, using natural options instead of plastic decorations, and gifting sustainable products are some of the ways to celebrate the festival responsibly.
Talking about scalable EV solutions for a greener festival, Pankaj Chopra, Founder & CEO at Urja Mobility says, “As we approach and celebrate Diwali, we envision a greener future where sustainable choices are as integral to our festivals as tradition. Battery leasing plays a pivotal role in making electric vehicles more accessible by converting the upfront cost of batteries into a manageable Monthly Lease Value (MLV). This innovative approach allows users to operate their vehicles while aligning costs with their future earnings. Scalable EV solutions, such as battery leasing also bring this vision closer by providing accessible pathways for users to adopt electric vehicles without high upfront costs. Battery leasing helps extend battery life through reuse, aligning with the principles of circular economy and sustainable resource management. Moreover, advancements in lithium and sodium-ion batteries enhance energy efficiency and performance, paving the way for greener celebrations. By scaling renewable-powered charging infrastructure across the country, we can ensure that EV adoption is environmentally sustainable, making green mobility more convenient and practical for all. At Urja Mobility, we’re dedicated to bridging accessibility and sustainability in India’s EV landscape, creating scalable, user-centric solutions that ensure cleaner, festive futures for generations to come. together, these advancements bring us closer to a future where sustainable mobility is both achievable and celebrated.”
Dev Arora, Founder & CEO at Alt Mobility added, “As we embrace the festive spirit of Diwali, the urgency of scalable EV solutions for a sustainable future becomes evident. According to a recent Redseer study earmarked -Electric three-wheelers to grow fivefold by 2028 going from INR 400 crore in AUM to a whopping INR 2,500–3,000 crores , whilst electric four-wheelers may see a staggering 13x increase from INR 600 crore in AUM to around INR 9,000–9,200 crore and courtesy to the PM E-Bus Sewa Scheme, public transport is also poised for significant 6x growth from INR 4,000 crore in AUM amounting to INR 24,000 crore.”
“The government’s EV30@2030 initiative further showcases the significance of achieving these targets, aiming for significant adoption across vehicle segments. According to this target, 30 percent of newly registered private cars, 40 percent of buses, 70 percent of commercial cars, and a staggering 80 percent of 2-wheelers and 3-wheelers will be electric-powered citing the growth potential of EVs
We foresee EV leasing too represents a unique opportunity, enabling businesses and individuals to transition to sustainable transportation with lower initial costs and access to the latest technology. It’s a vital part of our mission at Alt Mobility to improve lending efficiency and facilitate access to low-cost financing for the EV sector. As we continue to innovate and adapt, we can build a cleaner, greener tomorrow for all,” he added.
Sustainability is inherently a holistic approach; focusing on just one area can lead to improvements, but cannot bring the change that’s required. Achieving sustainability requires collaboration across sectors, enabling us to create a resilient future where environmental health, social equity, and economic viability coexist harmoniously.
Being a magazine dedicated magazine dedicated to the nexus between all modes of transport and environmental sustainability, Evolution Auto India wishes its readers a very Happy Diwali and reminds them to celebrate the festival in as eco-friendly way as possible!