Electric vehicles industry needs to get the appropriate transition time for gradually phasing out fossil-fuel based vehicles. Analyse (200 Words)
Refer - Business Standard
Enrich the answer from other sources, if the question demands.
IAS Parliament 5 years
KEY POINTS
The government’s plan to ban sales of fossil fuel-driven two- and three-wheeler vehicles by 2025 could not have come at a good time.
Challenges that the Industry facing
· The increase in the cost of vehicles and inadequacy of the existing supply chain.
· Batteries, which constitute 40 per cent of the cost of vehicles, would increase the price of two-wheelers.
· In addition, considerable planning and execution are required to simultaneously develop a complete ecosystem around EVs, including charging stations.
· As per Society of Indian Automobile Manufacturers,Two-wheelers account for 79 per cent of the number of vehicles whereas economy and premium cars have only a 14 per cent share.
· Another cause for worry is India’s growing dependence on oil imports. The NITI Aayog estimates savings of Rs 1.2 trillion (at Rs 70 per litre) in the oil bill if the Electric vehilces transition takes place.
· Rising air pollution, India’s metropolitan cities have its position in WHO list of most polluted cities.
· Financial constraints in providing subsidies to Electric vehicles.
· Shifting to BS-6 norms by April 2020.
K. V. A 5 years
Pls review
IAS Parliament 5 years
Try to include about air pollution, subsidies constraints etc. Keep Writing.
@Pallavi 5 years
Please check the following answer.
IAS Parliament 5 years
Try to include about high cost of batteries, lack of R&D in battery technology, problem of air pollution.Keep Writing.
Anisha Sahu 5 years
Kindly review.
IAS Parliament 5 years
Need better understanding. Why Electric vehicles needs time to replace fossil fuel based vehicles? GST on electric vehicles, high cost of batteries, charging stations etc. Keep Writing.
Aziz 5 years
:)
IAS Parliament 5 years
Try to include about rising air pollution, dependence on oil imports, share of petrol/diesel vehicles etc. Keep Writing.
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