India’s electric vehicle goals being realized on two wheels, not four

Rajendra Jadhav, Aditi ShahRead full Reuters article here

…Prime Minister Narendra Modi’s government has set a target of electric vehicles making up 30 percent of new sales of cars and two-wheelers by 2030 from less than 1 percent today.

But its efforts to convince carmakers to produce electric vehicles have flopped mainly because of no clear policy to incentivize local manufacturing and sales, lack of public charging infrastructure and a high cost of batteries.

….Electric scooters make up a fraction of the total but are growing fast. In fiscal 2017-18, sales more than doubled to 54,800 from a year ago while electric car sales fell to 1,200 from 2,000 over the same period, according to data from the Society of Manufacturers of Electric Vehicles (SMEV).

By 2030, sales of electric scooters are expected to cross 2 million a year, even as most carmakers resist bringing electric cars to India….

India is now working on a new policy which aims to incentivize investments in electric vehicle manufacturing, batteries and smart charging, instead of only giving benefits on sales.

The government also wants to push the use of electric vehicles for public use, a revolution already led by three-wheeled autorickshaws. Sales of these vehicles, ubiquitous on Indian city roads, are expected to double to 935,000 units a year by 2023, according to consulting firm P&S Market Research.

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