NITI Aayog has announced the launch of the ‘NITI GearShift Challenge’ as part of the e-FAST India initiative.
This pioneering hackathon aims to foster innovative business models for the adoption of zero-emission trucks in India, addressing the nation’s pressing economic and environmental challenges.
The ‘NITI GearShift Challenge’ is being organised in collaboration with IIM Bangalore, Smart Freight Centre India, WRI India and other institutions.
NITI Aayog said that the hackathon will unfold in two rounds.
The GearShift Challenge marks a pivotal move towards sustainable freight transportation in India.
India’s freight sector is vital to the economy, ensuring the smooth delivery of goods to over 1.4 billion people.
With road freight accounting for a staggering 55% of India’s annual diesel consumption and nearly 40% of CO2 emissions from road transport, there is an urgent need to transition to more sustainable solutions.
The electrification of freight transportation is a key priority, as electric trucks offer a transformative opportunity to reduce emissions, improve air quality, and enhance energy security.
