Batteries comprise 30-40% of the upfront cost. To push electric mobility, the Ministry of Road Transport and Highway (MORTH) of India, announced that all the states and union territories (UTs) have now been allowed the registration and sale of electric vehicles (EVs) without pre-fitted batteries.
The move is likely to provide the necessary boost for the wider adoption of EVs across the country.
Practically, the government is striving to create an ecosystem to accelerate the uptake of electric mobility in the country. This will not only protect the environment and reduce the oil imports but also provide opportunities to the sunrise industry.
What is the situation in India? According to the Society of Manufacturers of Electric Vehicles, the sale of electric vehicles in this country increased by 20% in 2019-20, mainly driven by rising sales of two-wheelers.
