The government has decided to stop the sale of petrol and diesel cars by 2030. But is the country ready?
For a country that finds multiple mentions on the World Health Organization’s (WHO) list of the world’s most polluted cities, it’s hard to imagine a future free of sputtering diesel engines and noxious fumes.
While Delhi managed to shed its 2014 tag of being the most polluted city in the world, it is still grappling with vehicular emissions leading to unprecedented levels of pollution. The city’s periodic policy of keeping odd and even numbered vehicles off the road on alternate days threw open a debate, and most experts concur that it may not be a viable alternative in the long run.
In such a backdrop, then power minister Piyush Goyal’s announcement in April, that the country would stop selling petrol and diesel cars by 2030, sounds momentous. The move is particularly promising for the electric vehicle (EV) sector that is estimated to be worth $731 billion globally by 2027, according to a report from research firm IDTechEx. But does India have the infrastructure or the demand to meet the target?
According to Alok Ray of the Society of Manufacturers of Electric Vehicles (SMEV), India is yet to warm up to EVs: Only 25,000 were sold in India in 2016 (of which just 2,000 were four-wheelers) compared with the 159,000 sold in the US in the same year. Besides, the Mahindra Group is the only manufacturer of EVs in India. The group acquired Reva Electric Car Company from founder and green entrepreneur Chetan Maini in 2010 and the company’s EV division, Mahindra Electric Mobility, now offers three all-electric, emission-free vehicles— the e2o, the eVerito, and the eSupro.
But despite the slow growth of the sector over the past decade, the government’s goals have re-energized EV enthusiasts. “What’s been happening in the past six to twelve months is a movement I haven’t seen before,” says Maini who stepped down as CEO of Mahindra Reva in 2015.
Diese Geschichte stammt aus der September 29, 2017-Ausgabe von Forbes India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der September 29, 2017-Ausgabe von Forbes India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet