electric vehicles in India
Electric Vehicles (EV) are becoming more and more popular every day in India as it has some unique and multiple features and reasons such as zero-emission, fuel cost cheaper, lower cost for maintenance and quiet (no sound pollution). The government has taken the initiative to give a boost to EVs in 2013 by launching a National Electric Mobility Mission Plan 2020. Under its mission, the FAME scheme in 2015 was launched up to March 31, 2019. Here are some most important contributions to adopt electric vehicles in India.
‘Contributions’ made to adopt electric vehicles in India
When the Indian auto industry struggling with the sales of vehicles and on government’s decision to ban ICE vehicles. The last month it hit the worst for passenger-vehicles in that situation there were some top automakers such as Maruti Suzuki, Tata Motors and Mahindra announced their electric vehicles plans.
Electric vehicles in India
According to the figures provided by the manufacturers, there are only 0.1% of the car market in India. In that Mahindra is leading by a wide margin of about more than 50% of its market share.
The government’s aim to become a 100% EV nation by 2030 by banning the ICE three-wheelers manufacturing in India by 2023 and two-wheelers by 2023 with an engine capacity of below 150cc must be electric by 2025. However recently the government took back its words and not giving any deadlines to ban it due to loss of employment and the automobile industry is not balanced.
The governments main motive is to reduce the imports cuts and pollution in India as it has some of the most polluted cities in the world. India holds a rank of 4th position for the car markets sales.
The whole story of EV push is majorly started for the first time in 2010 when the Ministry of New and Renewable Energy introduced the incentives for manufactures but accelerated in 2015 during Mr.Modi administration.
Government Contribution
The major contribution of government comes from the FAME (faster adoption and manufacturing of electric vehicles) scheme.
- The phase I and
- the current Phase II
Last month the Finance Minister announced the reduction in the federal sales tax on EVs from 12 percent to 5 percent. The tax exemptions for EVs consumers and Import duty on lithium-ion cells were removed.
Objective
Amitabh Kant, the chief executive of the government’s policy think tank Niti Aayog said, “Our objective is to clean up cities, reduce imports, and utilize the sun and its energy for driving EVs.”
EV which is not even 1% will make it space? In spite of the growth is slow, there are still people, are not taking their steps back.
Some of the initiatives by the government
- GST rate on all-electric vehicles reduced from 12% to 5%
- GST rate on charger or charging stations reduced from 18 to 5%
- The hiring of electric buses ( capacity of more than 12 passengers) by local authorities be exempted from GST.
- Indian Government chalking out plans for New-Age Battery Technologies
- Government Providing Loans To Buy e-Cars, e-Rickshaws, e-Autos
- Providing incentives under FAME Scheme
Manufacturers Contribution
They are contributing continuously to make the country clean and green but whereas there are still some of the major manufacturers still keeping EVs behind as an option but there are some of the manufacturers and startups have jumped into EV field.
Some of the manufacturers listed here.
Startups Contribution
There have been hundreds of startups have emerged to contribute in the EV industry. They are motivated and confident about their EVs will reduce the pollution levels in the country.
Some of the startups are Tork Motors, Ather Energy, Gayam Motor Works, etc.
EV Users/Consumers contribution
EV users or consumers, obviously they play a major role in the EV industry, as they are the one who trusts the new technology and buys it. It not only saves from their pockets but they are also contributing to make India a cleaner, greener and safer place to live.
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