Fast charging facilities required to increase EV market share: Economic Survey 2019
“Currently, the market share of electric cars in India is only 0.06 per cent when compared to 2 per cent in China and 39 per cent in Norway,” the report said.
New Delhi: According to a recent Economic Survey, access to fast charging services is required to increase the market share of electric vehicles.
“Currently, the market share of electric cars in India is only 0.06 per cent when compared to 2 per cent in China and 39 per cent in Norway,” the report said.
Another major impediment is that of time taken for completely charging EVs, compared to conventional vehicles. Even fast chargers can take around half an hour to charge an electric car while slow chargers could take even 8 hours. According to the report, it is, therefore, an important policy issue to come up with universal charging standards for the country as a whole to enable increased investment in creation of such infrastructure.
EV adoption in India is currently on a slow trajectory attributing to the lack of infrastructure on India roads.
However, the government is working to provide incentives for EV infrastructure development. “NTPC is going big on infrastructure for charging stations and what kind of incentives should be there, and they will be pronounced shortly by the Department of Heavy Industries,” Anil Srivastava, director general – DMEO & principal adviser to Niti Aayog recently said on the sidelines of ET Auto Tech Summit.
According to the government, electric vehicles represent the next generation in sustainable mobility and India must emphasize on them. “India still needs investment in renewable energy of more than US$ 250 billion over the next decade,” the report added.
Stressing on the enormous potential for EVs in India not just because of its eco-friendly attributes, the survey said the country can emerge as a hub of manufacturing of such vehicles generating employment and growth opportunities provided policies are supportive.
Source: auto.economictimes.indiatimes
