Will India accept Electric Vehicles

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In US,Government offer incentive to Electric Vehicles Such as Nissan leaf  Chevy volt etc. India to follow this.

The Union ministry of new and renewable energy’s (MNRE) recent decision of 20% financial incentive on ex-factory price of electric cars and scooters sold in India will enable manufacturers to lower the prices and boost sales of green vehicles in India.

Higher incentives from the government in the form of free insurance, registration cost, 0% duty on import of components, rebate and subsidy to OEMs will boost penetration of electrical vehicles (EVs) in India, said Frost & Sullivan.

India is currently is in introductory stage of EV market it is more likely to enter the growth stage 2020 onwards. Shoot up in fuel prices may force consumers to Switch to alternative source of energy. EV in all segment including two wheelers is the best alternative . The running cost of two wheelers is unbelievable rs 1 per 100kms.

However, infrastructure and operational issues, like charging time and low battery life of EVs, hinder sales.

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