The demand for electric vehicles in India has been on the rise, with the country witnessing a significant increase in numbers over the past few years. According to a report by International Energy Agency (IEA), India was one of the top five markets for e-cars in all of Asia Pacific, with sales increasing by more than 1 million units since 2011.
In fact, India’s demand for e-vehicles has been on an upwards trajectory ever since the government launched its FAME India scheme in 2015. The scheme is aimed at making clean energy affordable and accessible, thereby reducing carbon emissions. It offers manufacturers tax rebates and other incentives to help them build electric cars at competitive prices.
The biggest reason for the surge in the manufacturing of electric vehicles is that the government has been providing significant incentives under the FAME India scheme, which is looking to reduce the difference between the costs of electric cars and ICE vehicles. In fact, according to government data released last year, FAME India has helped bring down costs by around 50% when compared with conventional vehicles (ICEs).
vehicles are that the government has been providing significant incentives under the FAME India scheme, which is looking to reduce the difference between the costs of electric cars and ICE vehicles. In fact, according to government data released last year, FAME India has helped bring down costs by around 50% when compared with conventional vehicles (ICEs).
The report also says that the growth of the electric vehicle market has been driven by several factors, including growing awareness about pollution caused by traditional vehicles, as well as more stringent emission norms imposed on them. In addition to this, there have been efforts made by both state governments and central governments to encourage people to buy electric vehicles as part of their waste-to-energy efforts.
The demand for e-vehicles in India is more than doubled in the last three years. The main reason behind this increased demand is the burden of oil imports, the fight against climate change, rising pollution due to the gases produced from vehicles and the effective cost of electric vehicles.
The increasing number of people opting for electric vehicles can be attributed to these reasons. Here are some benefits of opting for an electric vehicle:
Cheaper Maintenance: Electric Vehicles have fewer moving parts when compared to petrol and diesel-powered vehicles. Reasonably, the servicing cost for electric vehicles is less and cheaper than our conventional vehicles.
Environment-Friendly: By driving an EV, you directly help the healing of environment. EVs reduce harmful air pollution which happens due to exhaust emissions from conventional vehicles. Better air quality leads to a better and healthy lifestyle for people worldwide.
Electric cars have become more affordable than ever before, as they are now available at affordable prices with great features. Electric vehicles are better than conventional cars when it comes to efficiency and performance. They can run longer distances on one charge with minimal use of fuel or electricity. They produce less noise and vibrations than traditional cars which makes them more comfortable to drive at high speeds in traffic conditions as well as on long journeys on highways or rural roads where there are no charging stations available nearby.
The prices of petrol and diesel have been increasing at a very fast pace, while their environmental impact is also alarming. The growth of e-vehicles will help reduce this problem completely by reducing pollution and carbon emissions.
