E-FAST- India’s first National Electric Freight Platform Launched by NITI Aayog, WRI

Sakshi Education

NITI Aayog and World Resources Institute (WRI), launched India’s first National Electric Freight Platform- E-FAST India (Electric Freight Accelerator for Sustainable Transport-India). The National Electric Freight Platform brings different stakeholders together with the support of the World Economic Forum, CALSTART, and RMI India.
The platform aims to raise awareness of freight electrification bolstered by an on-ground demonstration pilot and evidence-based research.
It will support scalable pilots and inform policies aimed at accelerating freight electrification in India.
The launch of E-Fast India has witnessed participation from major automobile industries, logistics companies, development banks, and fin-tech companies.
It will help strengthen the partnership and identify freight solutions and support them.
The launch of E-Fast India was followed by the launch of WRI India’s Total Cost of Ownership (TCO) Evaluator.
The TCO Evaluator is an intuitive excel-based application, which helps in analyzing cost components and performance parameters.
The parameters included light, medium, and heavy-duty freight and compared electric variants with their diesel, petrol, and CNG counterparts to identify their impact on TCO per km.