NEW DELHI: As fuel prices skyrocket and concerns grow over the running cost of petrol and diesel vehicles, the electric vehicles market has quietly started to build up. As fiscal 2021-22 came to a close, the green brigade \u2014 still small in numbers \u2014 seems to be coming of age, also charged by government subsidies.
\nThough still a shadow of their fuel-guzzling peers, electrics have gradually started to pick up in numbers, despite battling handicaps such as absence of a robust country-wide charging network and distribution reach, a relatively weaker model line-up, inadequate component supplier set-up, and slow-developing investment pipelines.
\nAccording to auto retail numbers collated by the road transport & highways ministry as well as dealers\u2019 body Federation of Automobile Dealers Association (FADA), sales of electric two-wheelers shot up 5. 6 times in FY22 to close the year at 2. 3 lakh units against 41,046 units in the previous fiscal. The growth is even more remarkable when one considers that less than 25,000 electric two-wheelers were sold in FY20. However, it\u2019s still a small speck given that nearly 1. 2 crore petrol two-wheelers were also sold.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: As fuel prices skyrocket and concerns grow over the running cost of petrol and diesel vehicles, the electric vehicles market has quietly started to build up. As fiscal 2021-22 came to a close, the green brigade \u2014 still small in numbers \u2014 seems to be coming of age, also charged by government subsidies. Though still a shadow of their fuel-guzzling peers, electrics have gradually started to pick up in numbers, despite battling handicaps such as absence of a robust country-wide charging network and distribution reach, a relatively weaker model line-up, inadequate component supplier set-up, and slow-developing investment pipelines. […]<\/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":[130,219,137],"tags":[],"class_list":["post-482745","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/482745","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=482745"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/482745\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=482745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=482745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=482745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}