INDIA’S PLUG IN CARS NEED HELP

Electric Vehicles in India

2Q 2013 (Navigant Research)

“Sales of plug-in electric vehicles (PEVs) in India have been minimal due to a myriad of factors: little domestic production, the high cost of vehicles, a lack of government commitment, an often unstable power grid, and almost no formal charging infrastructure.

“Making the environment more conducive to electric vehicle (EV) sales will take years of investment from the public and private sector, limiting the growth of the market in the short term. The government’s on-and-off support for EVs has caused many companies that began to produce EVs to halt production, and in some cases cease operations.”

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“Nevertheless, trends in the country’s demographics, traffic patterns, and natural resources suggest enormous potential. Estimates by the Indian government and industry foresee India becoming the third-largest market for cars in the world by 2020. The country’s dense urban centers and short yet congested commutes make it a natural fit with the relatively low power density of electric drivetrains…[The 2013] government incentive for EV purchases…will spur Indian automakers…

“Navigant Research forecasts that sales of PEVs in India will reach 17,000 by 2018. Combined with sales of hybrid electric vehicles (HEVs), that number will reach more than 22,000 in the same year. Two-wheeled electric vehicles will grow to more than 1.1 million units annually by 2018, with electric scooters the preferred vehicle type…”

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