How electric vehicles are taking place in INDIA..

A recent study has highlighted that by 2022, most consumers in India would consider buying an electric vehicle. Definitely, government intervention and policy have a key role to play in promoting electric mobility in the country. Indian policymakers have been actively pushing EV adoption over the recent years.

Besides strengthening the EV manufacturing capabilities, renewable energy targets are also being revisited and various measures are being adopted towards effective recycling of raw materials. The battery price also has been expected to fall by more than 30% between 2018 and 2025, which will make electric vehicles (EVs) more affordable over the period of time. Besides this, the government of India has announced various tax cuts and subsidies to further encourage more and more people to buy EVs.

The total number of electric vehicles (EVs) sold in 2019 was 1.56 lakh, of which 1.52 lakh were two-wheelers, 3,400 were electric cars, and 600 were electric buses. Clearly, the two-wheeler market for EVs is likely to catch greater momentum in the times to come.

Looking at the road ahead, India aspires to reach its vision of 100% Electric Vehicles by 2030.

Innovations in the EV space would continue to take place and we expect the policy environment to become more favourable over the years, It's time to be electrifying..