E-Mobility For Future on Clubhouse

Description

Why the future of electric vehicles appears bright in India, Although the EV industry expected the budget to be as groundbreaking as promised, it didn’t quite deliver on all fronts. This has given rise to mixed sentiments in the industry. The government announced an increase in customs duty on certain auto parts that could hurt the e-mobility segment.

On the other hand, in the hope to get people to purchase more environmentally friendly vehicles, the government has this year proposed the launch of voluntary vehicle scrappage. It aims at phasing out any commercial vehicle that’s older than 15-20 years. Reforms in FAME II

However, it’s not all gloom and doom for EVs. The industry is still on a major upward trajectory. Consumer demand triumphs in the long run and that is evident in the recent industry developments. For instance, the world’s most valuable electric vehicle manufacturer, Tesla, is now all set to launch its cars in India this year.

The launch of the tech giant is expected to boost the adoption of EVs in the country. This launch is also proof that there is a lot to gain via the widespread adoption of EVs. Plus, the Make in India program can aid the manufacturing of EVs and their components. In fact, some reports show that this could increase the country’s GDP by 25 per cent over the coming years.

EV adoption campaigns
The fact remains that the core of e-mobility is obviously the EV itself. We have previously seen cities like Delhi and Kolkata lead the way for mainstream e-mobility. These cities promoted the use of e-rickshaws to lower operation and economical costs. There are reportedly over one lakh e-rickshaws on the streets of Delhi while Kolkata is also following suit. This development is also encouraging a jump in EV sales for personal use as well. The newly launched ‘Switch Delhi’ Campaign has seen a great response so far which is an encouraging sign for the EV industry. The campaign was introduced to promote the adoption of EVs. Owing to its success, some leading two-wheeler companies have stated that they will be launching new EV models in the nation’s capital.