India Aims For 7 Millions EVs On The Road By 2020

3 years ago by Mark Kane 7

Mahindra Reva e2o

Mahindra Reva e2o

Mahindra Reva e2o

Mahindra Reva e2o

According to Daijiworld, India’s government is studying a proposal for creating a robust EV market.

The government is considering subsidizing the buying of electric cars, which now are far too expensive for Indian pockets.

Details are scarce for now.  However, the new initiative could bring to India up to 7 million electrified cars (it’s hard to say how many of them would be plug-in passenger vehicles, versus 2-wheelers, trikes, regular hybrids, etc.).

“According to Ministry of Heavy Industries and Public Enterprises, the union cabinet is looking at the National Electric Mobility Mission 2020 which has been proposed for expenditure finance committee (EFC).”

“The Mission plan projects a potential for six-seven million units of new electric vehicles sales which will result in fuel savings of 2.2-2.5 million tonnes that can be achieved by 2020.”

“The proposal includes development of mild hybrid, full hybrid vehicles (HEVs), plug in hybrids (PHEVs) and pure electric vehicles (BEVs).”

Pon. Radhakrishnan (Minister of State), Heavy Industries and Public Enterprises ministry stated:

“The mission envisages demand incentive scheme for faster adoption of Electric Vehicles. An inclusive approach has been proposed in the scheme and all vehicle segments come under the purview of the incentive scheme.”

Source: Daijiworld

Tags: , , ,

7 responses to "India Aims For 7 Millions EVs On The Road By 2020"

  1. Jouni Valkonen says:

    I guess that expected demand for Tesla Model S and X is in India is perhaps 10 to 30 thousand cars per year. The demand for 3 is lot more.

    1. abhishekifmr says:

      Infact Indians are still not aware of Electric vehicles. Best selling Electric car is E20 which sells close to 600 since launch (which was April 2013).

  2. Rob Stark says:

    There is a 100% import duty on “luxury” cars in India.

    The total luxury car market MB,Jaguar, Porsche etc is 30k units per year.

    I don’t see Tesla entering the Indian market for a while.

    1. Mikael says:

      Interesting. Thanks for the info. Maybe an all electric vehicle could get some kind of exception from that in the future?

      1. Bonaire says:

        Their problem, as with many countries, is population outstripping resources. Giving EV incentives is one thing but doesn’t that offer a band aid to a much larger and more troublesome wound? Corporations need constant growth of the economy to succeed. That means more babies. More consumers. Who is selling conservation? Hard to sell “buy less of my product”. We have not see these population levels before, one billion people started 1900. We have seven billion now going to nine billion. The oceans have been fished to near extinction and we survive on mainly factory farmed crops and most of that food feeds the lifestock and animals we eat. The problem is not EV subsidy. It is our leaders who must maintain “must keep growing” attitude for governments, populations and economy. I wonder if they have an exit plan?

        1. Rob Stark says:

          Malthusian nonsense.

          We have a growing global population due to population drift. Longer lives more than making up for global reduction in fertility rates.

          This will end in 20-30 years. Japan is already experiencing annual population reductions. Even the Islamic Republic of Iran has a fertility rate below replacement levels.

          Education and career satisfaction for women leads to reduced fertility rates. AKA Modernity.It is happening across the globe regardless of race or religion.

          Global population is now 7 billion, will reach a peak of about 8 billion then begin to fall.

          The world does not have a resources problem. It has a political problem in how it produces and distributes goods and services.

          The problem with India is not that they have too many people but that too many are poor and uneducated and don’t have the income to demand goods and services that equate to an acceptable standard of living.