Year 2020 Promises Several Prospects for Electric Vehicles in India

With many new electric vehicles set to be launched in India, experts highlight the encouraging prospects for the year 2020

December 26, 2019. By News Bureau

In India, the previous few years’ trend advocates that there is a rise in interest for electric cars. With government working profoundly to create infrastructure, industry experts recommend that the prospects for growth of electric car market in India are high for the next year.

In terms of government support and policies, arrival of investments, introduction of new business or regulations, the last year was a year of cheers for the electric vehicles industry.

Two new electric SUVs, the Morris Garrage ZS EV and Tata Nexon EV will hit the India market, in about two weeks’ time. While many other like Audi Etron, Kia Soul, Jaguar i-Pace, Renault City K-ZE, Nissan Leaf and Maruti Suzuki WagonR EV are debuting in the next week. Mahindra, is also planning some really big products like eKUV100 and super-specialist Battista sports car.

Experts have underlined the issues of availability of infrastructure to charge these vehicles. Also, the industry experts are demanding that the government has to reduce GST rates on import of components required for charging infrastructure, then the industry will become even more competitive.

Timely adoption coupled with the electrification of the existing vehicles and growth of charging infrastructure will create a shift. Given the rising pollution level in metropolitan cities, the demand for electric vehicles is going to get high.

The younger generation is driven for innovation, sustainability and environmental conservation. At the same time, by manufacturing vehicles, components and batteries together, various established conglomerates and startups are ensuring indigenous availability of products. According to experts all these will help in generating good demand for the year 2020.

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