The world has 53.3 years of oil left at the current rate of production.
– Annual statistical review of world energy
India to become a driver of electric vehicles in future, said by PM Narendra Modi in MOVE summit. Many EV entrepreneurs trusted that strong electric vehicle policies will come after watching PM Modi electrifying speech, but within four years of FAME-India Scheme, four times the scheme extended. These situations arising a question in every EVs enthusiastic that, what will be the future of electric vehicles in India?
Future of Electric Vehicles in India
Promoting a policy or scheme is as much important as announcing it, the Indian government succeeded in announcing EVs policies and schemes but promoting these policies into public their success rates are very low. Up to now electric vehicle policies and schemes are benefited by the Urban population only. These policies are no way connected to the rural areas in India, which arises a question that electric vehicles are confined to Urban areas?
FAME-INDIA SCHEMES
Agenda: To save fossil fuels by promoting electric vehicles in India.
Indian government subsidies and incentives to encourage eco-friendly mobility is the major positive side of EVs.
Many state governments announced tax exemptions for electric vehicles, already Andhra Pradesh and Goa state government announced that, no road tax for electric vehicles. Delhi state government announced zero VAT and 50% reduction in road tax for buying electric vehicles.
Uttar Pradesh– 15% cash back on an electric vehicle purchase. Gujarat– 10000 incentive on an electric vehicle purchase. Kerala– 30000 incentive on three-wheeler electric vehicle purchase.
According to FAME-India Scheme, Dated (10-10-2018)
Electric vehicles sold – 253650
CO2 reduced in KG –85383304
Fuel saved in liters-34159002
Fuel saving per day in liters-51959
CO2 reduction per day (in kg)-128839
Total no of incentives claimed-253492
Total incentive Amount-283 Crores
The Negative side of Electric Vehicles in India
Challenges of Electric Vehicles in India
1)Charging stations
According to Bloomberg, the charging stations available in India are less than 500. Many investors taking backstep because of fewer infrastructure facilities. However, with the collaboration of Government & Private sector setting up of charging stations is not a big issue.
2)Public Awareness
The government may release multiple schemes and policies on EVs, but without public interest in buying electric vehicles, the efforts are unworthy. Electric vehicles schemes & incentives news should be telecasted in regional news channels is one way to solve the issue.
Final word on Future of electric vehicles in India: Firstly, the initiation taken by both the central and state governments should be appreciated, apart from it, people of India should understand the pollution factors in India which lead to severe problems in futures. People should prefer electric vehicles for a clean and safer India.
