Electric Vehicles India’s future!
By 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 In March 2022, Minister for Road Transport and Highways, Nitin Gadkari mentioned in the Parliament that between 2019-2020 and 2020-2021, the two–wheeler EVs rose by 422% ; three–wheelers by 75% and four–wheelers up by 230%. The number of electric buses also increased by over 1,200%. 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. Ther...