{"id":421845,"date":"2021-06-23T08:39:04","date_gmt":"2021-06-23T03:09:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=421845"},"modified":"2021-06-23T09:42:12","modified_gmt":"2021-06-23T04:12:12","slug":"indias-electric-vehicle-sales-to-grow-at-26-in-fy21-23-fitch-solutions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-electric-vehicle-sales-to-grow-at-26-in-fy21-23-fitch-solutions\/","title":{"rendered":"India&#8217;s electric vehicle sales to grow at 26% in FY21-23: Fitch Solutions"},"content":{"rendered":"<p>The recently announced electric vehicle (EV) incentives by India along with high fuel prices will be supporting factors for stronger adoption of EVs over 2020-2023, leading to an average annual growth rate of 26 per cent, Fitch Solutions said on Tuesday.<\/p>\n<p>However, it said the economic impact of Covid-19 pandemic and limited domestically produced EVs will prove a challenging barrier to overcome.<\/p>\n<p>&#8220;We believe the focus on EV promotion in Union Budget will improve longer-term outlook for EV sales but will continue to fall way short of the country&#8217;s goal of electrifying all new vehicles sold by 2032,&#8221; said Fitch.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recently announced electric vehicle (EV) incentives by India along with high fuel prices will be supporting factors for stronger adoption of EVs over 2020-2023, leading to an average annual growth rate of 26 per cent, Fitch Solutions said on Tuesday. However, it said the economic impact of Covid-19 pandemic and limited domestically produced EVs will prove a challenging barrier to overcome. &#8220;We believe the focus on EV promotion in Union Budget will improve longer-term outlook for EV sales but will continue to fall way short of the country&#8217;s goal of electrifying all new vehicles sold by 2032,&#8221; said Fitch.<\/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":[135,130,232],"tags":[],"class_list":["post-421845","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/421845","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=421845"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/421845\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=421845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=421845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=421845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}