With a strong target of having a 100% electric car fleet by 2030, the Indian government is working on ways to incentivise consumers to purchase electric vehicles.
While addressing the CII Annual Session 2017 here on Saturday, Power Minister Piyush Goyal said “We are going to introduce electric vehicles in a very big way. We are going to make electric vehicles self- sufficient like Unnat Jivan by Affordable LEDs and Appliances for All (Ujala). The idea is that by 2030, not a single petrol or diesel car should be sold in the country”
Goyal proposed that people could purchase electric vehicles with zero down payments, meaning no upfront payment, and then payout the cost of the vehicle in installments from the savings they realize on petroleum products.
While the Indian government has very ambitious plans in the electric mobility segment, end-consumers have shown little interest so far, most likely due to lack of basic infrastructure to support electric vehicles; it will be yet another challenge with millions still awaiting electricity access in the country.