Electric vehicles pave the way forward as the Indian market gets ready for the influx of new, pollution-free vehicles

Electric vehicles pave the way forward as the Indian market gets ready for the influx of new, pollution-free vehicles


The rise of electric vehicle (EV) sales in the US and the advent of Tesla and its maverick founder Elon Musk has created a paradigm shift and increased interest and awareness about EVs all over the world. As per company’s data sourced from ycharts.com Tesla’s market capitalization is $52.35 bn for 27 Dec 2017.
 In India, EVs have been around for a long time. Reva Electric Car Co from Bangalore introduced India’s first electric car in 2001 which was later acquired by Mahindra Ltd in May 2010. The success of the over one lakh e-vehicles including e-rickshaws plying in Delhi and its adjoining cities have also emboldened car manufacturers to go forward with launching new EVs.
The recent awareness about rising air quality pollution levels in India’s major metros has led to an increased effort to hasten the advent of EVs to combat pollution.
EVs at present have very low penetration out of the 25 lakh cars being sold annually in India. The government has prepared a game plan by which in the next three years, it is hoping that six million electric and hybrid cars will be sold in the Indian market by 2020 under the National Electric Mobility Mission Plan. The thrust on hybrid cars is that since it uses two or more engines which includes an electric motor and a conventional petrol or diesel engine, this twin-powered engine helps cut fuel consumption and conserve energy.

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