Electric vehicle sales to see double-digit growth till 2020: Report
7 years, 1 month ago

Electric vehicle sales to see double-digit growth till 2020: Report

Live Mint  

New 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.

History of this topic

What does Tesla entry mean for India's automotive industry? Nitin Gadkari answers
3 days, 15 hours ago
High-end EVs to cost more as bill to increase tax tabled in Maha assembly
6 days, 6 hours ago
Tata PV, EV prices to increase in April 2025
1 week, 1 day ago
India's push for electric public transport faces hurdles as sales fall in FY25
1 week, 2 days ago
Tesla planning low-cost Model Y in China. Will India get it too?
1 week, 5 days ago
EVs above Rs 30 lakh to get more expensive in Maharashtra with additional 6% tax
2 weeks ago
Luxury EVs set to become costlier in Maharashtra after state's tax hike
2 weeks ago
Massive decline in Tata electric car sales in February as JSW MG gains
2 weeks, 1 day ago
'Right product helping us expand beyond South market,' says Ather Energy CEO Swapnil Jain
3 weeks, 2 days ago
How India's mega plan to boost auto production sputtered
3 weeks, 5 days ago
Government to cap investment in EV charging for tariff relief as Tesla entry looms, document shows
1 month ago
Tesla price in India: How much will Elon Musk’s cheapest EV cost even with lower tariffs? Check details
1 month ago
What India's new EV policy may look like
1 month ago
What India's new EV policy may look like
1 month ago
Third time’s the charm for Tesla? What we know about Elon Musk company’s plans to enter the Indian market
1 month ago
Tesla’s first EV shipments to arrive at Mumbai port, first lot to be sold in Bengaluru, Delhi, and Mumbai
1 month ago
Tesla’s first EV shipments to arrive at Mumbai port, first lot to be sold in Bengaluru, Delhi, and Mumbai
1 month ago
Tesla to start selling imported EVs in India by April, to import cars from Germany instead of China
1 month ago
Tesla to start selling imported EVs in India by April, to import cars from Germany instead of China
1 month ago
India’s EV incentive plan finds no takers—government weighs fix
1 month ago
Tesla to start selling cars in India in next 3 months? To import EVs from Germany
1 month, 1 week ago
Tesla starts recruitment in India, sends signal of entering EV market
1 month, 1 week ago
Electric cars vs hybrids: What will buyers opt for in 2025?
1 month, 1 week ago
End of the road for electric cars? Study reveals how quickly the battery degrades in EVs
1 month, 1 week ago
Electric car sales are rising in India. Can they double in 2025?
1 month, 2 weeks ago
Toyota India head's tax sop pitch: don't make consumers pay more for cleaner vehicles
1 month, 2 weeks ago
T.N. is one of the frontrunners in EV infrastructure: Union Minister Varma
1 month, 2 weeks ago
India needs 39 lakh charging stations by 2030: Report
1 month, 2 weeks ago
Car tax set to rise in April for drivers of certain new vehicles
1 month, 3 weeks ago
Auto honchos applaud clean, tech, EV push, battery manufacturing
1 month, 3 weeks ago
Batteries, EVs and more money in hand: How Auto Inc and the Indian car buyer benefits from the Budget 2024
Trending News
1 month, 3 weeks ago
Budget 2025: Centre exempts customs duties on EV battery materials
1 month, 3 weeks ago
Budget gives a Make-in-India push for electric vehicle batteries
1 month, 3 weeks ago
Budget 2025: 2 key stocks picks in the EV battery space post basic custom duty exemption announcements
1 month, 3 weeks ago
Budget 2025: THIS is why electric vehicles will become cheap in India
1 month, 3 weeks ago
Union Budget 2025: Allocation for electric mobility schemes rise by 20%
Trending News
1 month, 3 weeks ago
One Budget 2025 move that will make EVs, mobile phones cheaper
Top News
1 month, 3 weeks ago
Car tax set to rise in April for drivers of certain new vehicles
Trending News
1 month, 3 weeks ago
Economic survey 2025: Survey calls for tax breaks on EVs, subsidies on renewable energy for low-carbon lifestyles
1 month, 3 weeks ago
Economic Survey: Local tech, components for EV manufacturing
1 month, 3 weeks ago
Economic Survey 2024-25 calls for tax breaks on e-vehicles, subsidies for new energy
Top News
1 month, 3 weeks ago
Union Budget 2025: Could tax incentives drive a surge in EV manufacturing?
1 month, 3 weeks ago
JLR Owner Misses Profit Estimate Hurt by India Consumer Slowdown
1 month, 3 weeks ago
Budget 2025: What the automotive sector needs
1 month, 3 weeks ago
Despite industry demand, EV charging may not get infra status in budget
Trending News
1 month, 3 weeks ago
Union Budget 2025: India’s EV sector asks for a level-playing field
1 month, 3 weeks ago
Support for green tech, EV ecosystem, consumer spending boost: Automakers’ Budget wishlist
1 month, 3 weeks ago
One in three Indians wants to buy an electric vehicle next: report
1 month, 3 weeks ago
What Union Budget 2025 can mean for India’s auto sector
1 month, 3 weeks ago
EV market share will double in 2025: Vivek Srivatsa
1 month, 3 weeks ago

Discover Related