{"id":336311,"date":"2020-02-06T11:24:21","date_gmt":"2020-02-06T05:54:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=336311"},"modified":"2020-02-06T11:58:10","modified_gmt":"2020-02-06T06:28:10","slug":"electric-vehicle-penetration-in-india-to-remain-below-5-till-2025-icra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/electric-vehicle-penetration-in-india-to-remain-below-5-till-2025-icra\/","title":{"rendered":"Electric vehicle penetration in India to remain below 5% till 2025: ICRA"},"content":{"rendered":"<p>The penetration of electric vehicles in the country is likely to remain low at 3-5 per cent till 2025 due to higher prices of EVs compared to its internal combustion engine (ICE) counterparts, as well as the inadequate public charging infrastructure, said credit rating agency ICRA. <\/p>\n<p>Given that the average car realisation in India is low compared to markets like the US and China, achieving price parity for EVs and ICE is likely to take a long time, it noted. This is in the backdrop of the Indian market being a price-sensitive one, and the economies of scale being a crucial factor for passenger vehicle OEMs to price its model competitively, it explained.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The penetration of electric vehicles in the country is likely to remain low at 3-5 per cent till 2025 due to higher prices of EVs compared to its internal combustion engine (ICE) counterparts, as well as the inadequate public charging infrastructure, said credit rating agency ICRA. Given that the average car realisation in India is low compared to markets like the US and China, achieving price parity for EVs and ICE is likely to take a long time, it noted. This is in the backdrop of the Indian market being a price-sensitive one, and the economies of scale being a [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-336311","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=336311"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336311\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=336311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=336311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=336311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}