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Wednesday, Oct 27, 2021
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India Pushes For Electric Vehicles To Cut Down Pollution, Fuel Import Bills

India is pushing for eco-friendly vehicles to cut fuel import bills and clean up its polluted air

India Pushes For Electric Vehicles To Cut Down Pollution, Fuel Import Bills
Future-Ready | Photograph by Suresh K. Pandey
India Pushes For Electric Vehicles To Cut Down Pollution, Fuel Import Bills
outlookindia.com
2021-07-16T15:19:03+05:30

When the first wave of the Covid pandemic hit the planet in 2020 and billions of people were forced into an unprecedented lockdown, nature sent out a clear and beautiful message—pristine blue skies over the dirtiest cities, polluted rivers running clear and wildlife returning to places desecrated by humans. For humanity, the moral of the story is clear. Act now. Clean up. For a country like India, where vehicular pollution accounts for about 11 per cent of the country’s carbon emissions, the answer, perhaps, lies elsewhere. In the future-ready Electric Vehicles (EVs), widely acknowledged as the answer to the world’s depleting fossil fuel reserves and growing pollution.

Not surprisingly, India is looking at the future-ready EVs to cut down on inflated fuel import bills and save the environment.  A draft proposal by NITI Aayog in 2020 said if electric vehicles were adopted widely, India could slash as mush as $40 billion off its oil import bill by 2030. In fact, the Indian government has already laid out a target of ensuring that at least 30 per cent of vehicles in the country are electric by 2030.

Over the past couple of years, attractive incentives by the central and state governments, both to buyers and car-makers, have given a boost to EV sales in India, especially in the two-wheeler category. In the financial year 2019-20, EV sales in India clocked 3.8 lakh units, while the EV battery market stood at 5.4GWh (gigawatt hours)during the same year, according to the India Energy Storage Alliance (IESA). The two-wheeler (e-2W) market has been accounting for the highest share of EV sales. In 2010-21, for instance, two-wheelers accounted for over 50 per cent of overall sales of around 2.38 lakh units. However, the number of two-wheeler sales had dipped due to the Covid pandemic, falling to around 1.44 lakh units from the previous...

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