{"id":374605,"date":"2020-09-22T10:10:37","date_gmt":"2020-09-22T04:40:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=374605"},"modified":"2020-09-22T11:01:44","modified_gmt":"2020-09-22T05:31:44","slug":"electric-vehicles-will-account-for-just-3-5-of-the-new-passenger-vehicle-sales-by-2025-icra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/electric-vehicles-will-account-for-just-3-5-of-the-new-passenger-vehicle-sales-by-2025-icra\/","title":{"rendered":"Electric vehicles will account for just 3%-5% of the new passenger vehicle sales by 2025: ICRA"},"content":{"rendered":"<p>Electric vehicles will not be able to gain any significant traction in the domestic passenger vehicle market in the next few years and will account for just 3%-5% of the new vehicle sales by 2025, due to high prices and lack of direct and indirect fiscal stimulus from the union and the state governments, said ratings agency ICRA in a note on Monday.<\/p>\n<p>Lack of availability of affordable finance schemes for such zero-emission vehicles will also hamper prospects in the coming years.<\/p>\n<p>One of the key drivers of automobile sales, and residual value of a vehicle after 3-4 years is financing and its penetration. Electric vehicles are generally priced at a premium, and their resale value takes considerable hit after getting out of the showroom as compared to combustion engine counterparts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electric vehicles will not be able to gain any significant traction in the domestic passenger vehicle market in the next few years and will account for just 3%-5% of the new vehicle sales by 2025, due to high prices and lack of direct and indirect fiscal stimulus from the union and the state governments, said ratings agency ICRA in a note on Monday. Lack of availability of affordable finance schemes for such zero-emission vehicles will also hamper prospects in the coming years. One of the key drivers of automobile sales, and residual value of a vehicle after 3-4 years is [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-374605","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374605","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=374605"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374605\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=374605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=374605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=374605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}