Policy incentives and technological advancements are going to guide the manufacturing and adoption of Electric Vehicles (EVs) in a big way, as India witnesses a sea-change in its attitude towards the segment. Electrified and efficient are words often used to describe the future of the automotive sector, which is also set to push the demand for aluminium exponentially. Innovation in products will continue to remain the focal point of the downstream aluminium sector.
A bright spot
EVs are a bright spot in the Indian automotive segment. They are a key element of the transition to cleaner energy. The Government of India data released earlier in Parliament has a promising story to tell. India saw 69,012 units of electric vehicles being sold in 2017-18. It scaled up to 1,43,358 units in 2018-19 and to 1,67,041 units in 2019-20. The growth in units includes sales of two-wheelers, three-wheelers and buses. Two-wheelers have led this growth. With the government setting its eyes on selling only electric cars in India after 2030, the sector is poised for the biggest renewable energy revolution the country has seen.
Making it drive
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