The spread of electric vehicles in India has slowed down due to the Corona epidemic

Mumbai, Ta. 23 October 2020, Friday

The number of electric vehicles in India is expected to increase or slow down due to the Corona epidemic. The corona will have the most serious impact on an electric vehicle, a report said.

Due to low affordability and the government's priority to revive the auto and other industries, the focus on electric vehicles has shifted elsewhere in the interim.

With the expansion of electric scooters, buses and three-wheelers expected to accelerate in the medium to four to five years, the expansion of land electric vehicles will not be as rapid as it is more expensive than conventional vehicles and companies will now avoid spending higher capital, India Ratings reports. Was.

High battery costs and dependence on imports will be short-term challenges to the acceptance of electric vehicles. Strong government policy will continue to be important for the spread of electric vehicles in the country.

The spread of electric buses will also come to a halt at present, as state governments are facing financial difficulties as a result of the corona and buses are usually procured through state government transport undertakings.

Two-wheelers, especially scooters, have seen a significant expansion as users have a wider choice, the report said.

The two-wheeler segment is expected to benefit from the sharp recovery in the rural economy and demand for personal vehicles in the current year.