INSIGHT: SOUTH ASIA - India puts pedal to metal on e-vehicle adoption
10 March 2023
The growth has been largely driven by central and state policy measures, including While India has only recently jumped on the EV incentives for the production and use of EVs. [...] The second phase of the policy, known as FAME II, followed in 2019 and aimed to IN BRIEF provide financial support for the electrification of public transport vehicles and the installation of EV On February 19, Indian automobile manufacturer charging points. [...] India currently has Poor road infrastructure and a gap between the 5,151 working EV charging stations, but it needs prices of two-wheelers and four-wheelers mean that to increase that number to around 2.05 million by around 70 per cent of automobiles on Indian roads 2030 to service the expected increase in EVs. [...] Raw materials per cent of the cost of the vehicle. [...] In the case of four-wheelers, it amounts to around 20 per cent of Another stumbling block for India will be its increased the cost.