Electric Vehicles May Finally Take Off In India…Here’s why

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Electric Vehicles May Finally Take Off In India…Here’s why kuchbhi.com/automobiles/electric-vehicles-future-in-india.html Ajay Lulia

March 17, 2021

The journey of the Electric Vehicle (EV) industry started way back in 2005. Although many experts had a positive outlook on this development, the industry soon ran into problems. A bulk of the players in this industry failed to deliver on their promises. There was a common perception among the people that the EVs were only for short distances as there was not boot space in the cars.

Government of India’s Role in the Electric Vehicle Industry The government, initially, had a plan of promoting the industry, and for this, they even allowed subsidies for this sector. However, very soon, this privilege was withdrawn, resulting in spiraling costs for the EV industry. The electronics vehicles industry suffered heavy losses. Several measures had to be adopted to bring back stability to the industry, such as re-introducing the subsidies in this sector. Many hybrid and electronic vehicles have been introduced in the Indian market, but people still have some issues with the pricing of these vehicles.

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