Future of Electric Cars In India
B y 2030, 80% of two and three-wheelers, 40% of buses, and 30 to 70% of cars in India will be electric vehicles, says the NITI Aayog. As the nation gears towards its ‘Zero-emission’ 2070 dream, funds and focus are directed towards electric mobility . India’s road to a fully-electric ecosystem still has a few hurdles - High cost, inadequate infrastructure, lack of high performing EVs The electric variants of the 2 and 4 wheelers are often priced much higher than regular fuel options. This is the most important reason for the slow adoption of electric mobility. Over 60% of consumers believe that an EV is beyond their budget. The maintenance costs are high mainly due to the lack of necessary amenities. There are more than 65,000 petrol bunks in India but only 1640 EV charging stations. Hoping to convert more consumers into Electric Vehicle owners, the government is offering subsidies for purchasing electric vehicles. A tax exemption of Rs 1.5 lakh is also given for people buyi...