ELECTRIC VEHICLES: FUTURE OF THE INDIAN AUTOMOBILE INDUSTRIES

Electric mobility is an excellent option for helping India to achieve the sustainable development goals (SDGs) by alleviating traffic congestion and helping in developing resilient cities. The electric vehicles (EVs) industry is growing rapidly around the world. India is no exception, with sales of electric vehicles increasing by over 50% in the last year. EVs are beneficial for both the environment and consumers.  EVs have lower emissions than petrol or diesel cars, so they help to reduce air pollution and combat climate change. They are also cheaper to run since we only need to charge them up rather than buying/refilling fuel. While India stands to gain immensely from shifting its transportation away from IC engines and towards EVs, challenges such as a lack of charging infrastructure, higher upfront costs, and a shortage of renewable electricity are also present. One way to overcome these problems is to develop a comprehensive national policy framework for the promotion and deployment of electric vehicles.

               

KEYWORDS: Sustainable Development Goals, Upfront Costs, Make in India.


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