The country must emphasise on electric vehicles (EVs) as these represent the next generation in sustainable mobility and appropriate policy measures are needed to lower the overall lifetime ownership costs to make them an attractive alternative to consumers, according to the Economic Survey 2018-19.
The survey, which was tabled in Parliament by Finance Minister Nirmala Sitharaman, also said the country can emerge as a hub of EV manufacturing; and a policy push is required to devise universal charging standards for India as a whole and to provide adequate charging infrastructure.
“As electric vehicles represent the next generation in sustainable mobility, India must emphasise on them. Currently, the market share of electric cars is only 0.06 per cent when compared to 2 per cent in China and 39 per cent in Norway,” it said.
