Expensive lithium-ion batteries put the brakes on India’s EV plans

Their actual business success will largely depend on how quickly the lithium-ion batteries become more efficient

In the absence of a policy, which is still in the drawing board, it is highly unlikely that the share of electric cars and two-wheelers here will rise to government’s targeted 30 per cent of total vehicle sales in 2030 from less than 1 per cent now.

As the Indian automobile industry waits for a roadmap for the transition from fossil fuel to electricity based road mobility and building a battery charging infrastructure across the country, China already has an electric vehicles (EV) market that is bigger than the combined sales in the US and Europe.

Source: PTI