India, a country of different cultures and popular traditions, is now taking a substantial initiative towards an eco-friendly and better future. With the rising worry for the atmosphere and the requirement to lessen GHG releases, electric passenger vehicles have developed as the next big thing in the Indian vehicle sector. This innovative lean towards electric car commute promises not only a better and ecological future but also several financial and social advantages for the country.
Confronting Environmental Concerns
Air smog is a rising problem in several Indian metropolises, and the transport industry contributes heavily to it. Electric passenger vehicles provide a feasible solution to battle this issue as they generate zero tailpipe releases. By transitioning from old-style internal combustion engine cars to electric cars, the country can do a significant decrease in its carbon footprint, contributing to better air and advanced public health.
Economic Benefits of Electric Passenger Car
Apart from ecological advantages, the extensive acceptance of electric passenger cars can also have a good impact on the country's economy. As the nation decreases its dependency on imported fossil fuels, it can save millions in foreign exchange funds.
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Furthermore, the growth and making of electric cars can generate new service opportunities, fuelling the motorized industry and associated sectors.
Affordability and Charging Infrastructure
While electric vehicles provide several advantages, affordability stays a substantial worry for several customers. The early price of an electric vehicle is commonly more advanced than an orthodox vehicle because of the price of batteries and tech. However, with government steps and improvements in battery tech, the price of EVs is slowly declining, making them more available to the commonalities.
Incentives to Support the Adoption of E-Cars
Current policy support for electric cars focuses on commercial and fleet applications. The FAME II scheme offers a purchase subsidy of up to 20% of vehicle value for eligible hybrid and electric cars registered for commercial use. State EV policies also offer capital subsidies and tax exemptions, for commercial and private electric cars. EESL (Energy Efficiency Services Limited), a government joint venture, uses a bulk procurement model to offer competitive EV leases for government car fleets. Incentives and leasing schemes notwithstanding, the adoption of electric cars has remained stagnant.
