
Electric vehicle sales to see double-digit growth till 2020: Report
Live MintNew Delhi: Electric vehicle sales in India are expected to witness a double-digit growth till 2020, fuelled by government measures for the sector and reducing battery prices, among others, says a report. A joint study by Assocham and global advisory services firm EY said, although EVs are not yet mainstream, government push and increasing consumer awareness are driving EV adoption in India, pointing to a growing momentum. Meanwhile, the automobile industry has sought clarity in EV policy besides restoring incentives given on research and development in the form of weighted tax deduction to previous level. Stating that India does not have any policy framework or mechanism for the battery recycling and second use market, the study said in order to achieve its electric mobility target, reclaiming materials from old lithium ion batteries in a certified and sustainable manner should be a huge priority of the government.
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