The bumpy road to India's electric car dreams
India sold more electric vehicles in September than any month previously. Sales have been rising since April - the start of this financial year - and are already nearing the previous year's total.
It's a glimmer of hope for an industry that has been struggling with a global shortage in semiconductor chips, coming on the heels of a period of sluggish growth.
But it's only a glimmer. Electric vehicle sales - 121,900 this financial year - account for only 1.66% of India's 20 million automobile sales, according to the Delhi-based think tank Council on Energy, Environment and Water (CEEW).
Some electric vehicle firms, especially makers of two-wheelers, are betting big, but the demand is lukewarm for cars and commercial vehicles like lorries. Prime Minister Narendra Modi's government is trying to change that with a $3.5bn (£2.5bn) scheme to boost manufacturing.
Electric vehicles will also cut emissions as pressure ratchets up for India, the world's third-largest carbon emitter, to set more ambitious climate goals ahead of the COP26 summit in November. The electric alternative is also growing in appeal as global oil prices surge, taking India's fuel import bill to a staggering $24.7bn.
https://www.bbc.com/news/world-asia-india-58977080
multigraincracker
(34,057 posts)that what you pay on your home electric bill is even more than you would spend on gasoline for the same miles.
That kind of scares me a little. That should go down as they improve the electric cars. Until it is a savings, most folks might wait.
multigraincracker
(34,057 posts)IbogaProject
(3,644 posts)Hi, that article was from oil country, a reprint of a Michigan Article. The big thing they overlook in this "analysis" is drastically lower maintenance costs with electric.
Here is a article that indicates you can save on the annual operating costs of between $25 to $80 per month over a 15 year use life.
https://www.nrdc.org/stories/electric-vs-gas-it-cheaper-drive-ev
Jilly_in_VA
(10,875 posts)they are selling mostly scooters at this time. India runs on scooters the way China runs on electric bikes!