The automobile industry is undergoing a drastic change. From introducing the all-electric car in the market to the rise of the sharing economy, the industry has undergone a paradigm shift. Electric vehicles are expected to reach 1 million units on road by 2025. There are many reasons why India is well placed to become the first country in Asia to embrace electric vehicles.
Are electric cars a better alternative to petrol/diesel cars?
Electric cars are slowly but surely gaining popularity all over the world. From the United States to China, electric cars are slowly replacing conventional petrol and diesel vehicles. The benefits of electric cars are many and varied. For one, they are much more economical than conventional cars. Since they are powered by electricity, they do not require petrol or diesel, which means that they come with lower maintenance costs. As a result, they definitely come with a lower price tag than conventional cars. On top of that, electric cars are also much easier to maintain than conventional cars. As a result, you do not need to spend a lot of time or money to keep them running.
How can India be an electric car powerhouse?
India is expected to be the first country in Asia to embrace electric vehicles (EVs) with over 1 million electric vehicles (EVs) on road by 2025. According to a report released by the International Energy Agency (IEA), India is expected to have the second-largest number of EVs on road by 2020, next to China. Also, by 2030, India is expected to have a higher number of EVs than China. In India, electric cars have many advantages over traditional internal combustion engine (ICE) based cars. The benefits are:
How can India take lead in adopting electric cars?
The government has announced the world’s largest tender to roll out electric vehicles—where it plans to deploy special electric cars on trains, buses, and taxis in an effort to curb the country’s pollution. The government is also planning to launch 10 new electric vehicle manufacturing facilities and has already started to offer subsidies for electric vehicle purchases.
How will the auto industry transform?
The future is not very far away. If we are to believe the predictions, then by 2025, one million electric vehicles (EVs) will be on the road in India. This means that the country will have joined the league of Norway and the Netherlands that have achieved this milestone. As per a recent report by the International Energy Agency (IEA), out of the one million EVs expected to be in India by 2025, about 50% will be two-wheelers and the rest will be passenger vehicles. This will help India and the Indian auto industry to make a good beginning towards the electric vehicle revolution.
Let’s make India the first country in Asia to lead the way in electric cars.
Electric vehicles are expected to reach 1 million units on road by 2025. There are many reasons why India is well placed to become the first country in. Asia to embrace electric vehicles. The government is working on policies, which includes incentives and subsidies, to accelerate the adoption of electric vehicles in the country. The Indian government has set an ambitious target of 6 million electric vehicles on the road by 2020.