In the major cities of India, pollution is at an all-time high. And on the import of crude oil, India spends colossal amounts. So this can be greatly reduced by the adoption of electric vehicles. But, the Indian automotive industry is facing many challenges while selling electric cars.
Ways in Which The EVs Are Helpful
To charge an EV, the cost of electricity is around 40% less than the cost to use petrol driving the same distance. Even, an electric vehicle will help to reduce harmful air pollution. Better air quality will lead to fewer health problems. EVs are also quieter than petrol/diesel cars which will reduce noise pollution. The operating costs of EVs are less expensive.
Challenges Faced by The EV Industry
India requires a widespread charging infrastructure for the adoption of electric vehicles. Puneet Dutt, EV manager at MG Motors dealer said, “If the charging infrastructure gets increased, it will be much more helpful to sell electric cars”. Then the EV customers want to ensure that before the battery runs out, the vehicle would get them to their destination. Many customers even face various financing challenges like high insurance costs, high interest, and limited loan opportunities.
TPT Policy Advocacy & Recommendations
- The lack of charging stations in the country is a huge problem. So, a stronger push is needed to find solutions for the charging infrastructure and also for the battery swapping stations.
- Electric vehicles offer a sustainable solution when it comes to saving the environment and also the economy too. If the government extends its support, then there is a certainty that electric vehicles are the future.