In recent years, Electric Vehicles (EVs) have proved to be a key solution to address pollution and carbon footprint issues in the country with its burgeoning population and rapid urbanisation. However, a total of 21.7 lakh electric vehicle have been sold in India since 2017 out of which 11.7 lakh were sold during 2022-23 and 14.4 lakh were sold till Jan 2024, according to Society of Manufacturer of Electric Vehicles (SMEV). A back-of-the-envelope calculation shows this is just 1.5% of the total sales. While the Ministry of Heavy Industries (MHI) has been making consistent efforts for facilitating the promotion of electric vehicles in the country, one of the key reasons for low adoption and sale of EVs is the abysmal number of charging stations in the country.
According to Ministry of Power, there are merely 12,146 public EV charging stations operational across the country as on Feb 2, 2024. Of which, Maharashtra has got the maximum (3079), followed by Delhi (1,886), Karnataka (1041), Uttar Pradesh (582), Rajasthan (500), and Telangana (481). India also fares badly when compared globally. A charger vs car comparison ratio in India stands at 1:135 whereas its globally in the range of 1:6-20. This ratio if continues will leave approx. 40 per cent short on the overall charging requirement for achieving the targets by 2030.
Esta historia es de la edición April 2024 de Entrepreneur magazine.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición April 2024 de Entrepreneur magazine.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
How To Ask Family For Money
Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.
Data Breach Drama: When Trust Turns Costly In A Digital Age
Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?
THE TERRAIN TAMER
Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.
THE INTELLIGENT READS
Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.
THE CURSE OF GROWING TOO FAST
FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.
There's No Perfect Answer
I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"
Give Yourself the Gift of Time
Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.
How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.
How to Succeed With Gen Z Workers
People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.