Electric Vehicles for India- Myth or Reality??
Last week, I met with a Founder of a California based start-up company who wanted to venture into a EV or Electric Vehicle domain. ‘EV, I think is going to be the next big disruption in India’, He said and asked for my opinion. Since I am working with a government company in the automotive domain, he expected a realistic perspective from my end. It was really difficult to answer his question in a YES or NO manner, at that moment, but I tried to compile my views on the subject. More automotive manufacturers are now devoting a rather large chunk of their resources towards the research and development of electric vehicles. The government is pretty much inclined to converting possibly all automobiles plying on Indian roads to electric vehicles. The goal to achieve this feat was earlier planned to make a reality by 2030. However, it doesn't seem feasible for the government now. At a maximum rate, they are now aiming for 30% Electric Vehicles on road by 2030 under...