Industry Experts Throw Light On The Future Of EVs In India.
Electric vehicles (EVs) are believed to be future of transportation. Giving an overview of the situation, Nishant Arya, Executive Director, JBM Group says, “According to a report by Bloomberg New Energy Finance (BNEF), India will have better progress on electric two-wheelers, rickshaws and electric buses over the next 10 years. The BNEF study also says that the annual sales of EVs will reach 30,000 units in 2022 as opposed to 2,000 units in 2017.”
“The rising number of government initiatives such as the recently draft EV policy are also factors that will propel an upward growth of the market,” he adds.
Offering a different perspective, Karthick Athmanathan, Head – EV & e-Mobility solutions, Ashok Leyland says “We are planning for significant numbers to start only in 2022. Till such time, while there might be a lot of talk in the media and government and conferences, we do not see them translating into a number of EVs. The start of significant numbers are expected in 2022 but the significant market penetration for EVs will be only in 2024 and that too in select segments like Buses, Last Mile Connectivity Vehicles, Delivery Trucks, maybe mofussil bus and truck routes, etc.”
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