Around 90 percent of its 2.3 million electric vehicles are now cost-effective and the two and the three wheelers such as e-bikes, rickshaws, and scooters
A latest survey report of International Energy Agency (IEA) has now revealed that one of the largest growing electric car markets in the world is India, which now has millions of EVs on roads. Around 90 percent of its 2.3 million electric vehicles are now cost-effective and the two and the three wheelers such as e-bikes, rickshaws, and scooters have gained massive traction in the country.
Back in 2022, over half of the three-wheelers registrations in the country were electric. In the metropolitan and in the sub-urban regions, the volume of e-rickshaws for pick-up and drop have soared very high over the last few years. For instance, the number of startups focusing on electric transport solutions have also increased tremendously in Bengaluru.
According to the experts in IEA, the federal plan worth $1.3 billion to boost EV production along with subsidies for consumers and the escalating fuel prices in the past have increased the sales. Most importantly, people are now educated and have a fair idea about the benefits of owning and traveling in electric vehicles. Experts also opine that E-vehicles are the important solutions that can effectively reduce carbon emissions and perk-up the quality of air.
Road transportations are chiefly responsible for the mounting carbon footprints. For electric vehicles to reduce air pollution on a large-scale manner then it is essential to monitor the important mineral supply chain, moving away electricity generation from fossil fuels, and improving EV sales throughout various socioeconomic backgrounds are also needed.
In an exclusive interaction with the ET Energy World, Balaji Premkumar, a 25-year-old rickshaw delivery driver said, "My new- e-rickshaw is very easy and seamless to drive and I witness a cost difference too. If I spend 60 rupees (0.72 cents) to charge the vehicle for three hours, I get 80 kilometers (50 miles). In a diesel vehicle I'll be spending at least 300 rupees ($3.60) to get the same mileage."
In India, more than three quarters of electricity is generated from fossil fuels, chiefly coal. The mining firms in the country have been lambasted by NGOs and environment activists for unsafe mining and endangering the livelihoods for the locals. But, many of the minerals like lithium need to be mined in order to make components for the EVs.
