Electric vehicles sales grow by 37.5 per cent in FY 2015-16

The electric vehicles (EVs) sales in India have shown impressive growth in the fiscal year 2015-16. As against FY 2014-15's 16,000 units...

By: | Published: April 4, 2016 3:26 PM
Though the Society of Manufacturers of Electric Vehicles (SMEV) finds these numbers quite encouraging, it said that the Govt's ambition of having 5-6 million electric vehicles by 2020. Though the Society of Manufacturers of Electric Vehicles (SMEV) finds these numbers quite encouraging, it said that the Govt's ambition of having 5-6 million electric vehicles by 2020.

The electric vehicles (EVs) sales in India have shown impressive growth in the fiscal year 2015-16. As against FY 2014-15's 16,000 units, the fiscal 2015-16's sales stood at 22,000 units recording an outstanding 37.5 per cent year-on-year. Out of the total electric vehicles sold this year, 2000 were four-wheelers and 20,000 were two-wheelers.

Though the Society of Manufacturers of Electric Vehicles (SMEV) finds these numbers quite encouraging, it said that the Govt's ambition of having 5-6 million electric vehicles by 2020 and the National Electric Mobility Mission Plan (NEMMP) 2020 and FAME (Faster Adoption and Manufacturing of Electric Vehicles) would be tough to achieve unless ground level infrastructural deficiencies were removed and credit facilities eased for buying green vehicles.

“We are quite delighted at the growing number, which reflects increased awareness among commuters and the fact that people are seeing a good value proposition in EVs,” said Sohinder Gill, Director- Corporate Affairs, SMEV. He, however, said that hte base number of electric vehicles in India remained low and governments at every level will need to do more to achieve the target.

“Intentions at policy level abound but government at every level, be it Centre, State or Municipal, now has to go the extra mile to facilitate mass migration to green mobility,” he pointed out. Lack of basic infrastructure facilities like charging stations and difficulties in availing credit from banks for purchase of EVs have been cited as chief bottlenecks to large scale migration to green mobility.

“SMEV has developed a technology for charging station and can easily set-up 1000 charging station across the city in a span of 3 months. One charging station costs around INR 30,000 which is very minimal to create an efficient charging infrastructure for EVs. The only thing we need is the government’s intention and support to create a wide and accessible network of charging stations at every convenient point - be it our local market or city roads. Additionally, the govt. should provide ease of credit at zero per cent or very low rate of interest on EVs. This will go a long way in ensuring the fulfilment of NEMMP 2020 target,” he added.

Besides the policy level changes suggested by SMEV Corporate Affairs' Director, he also said that measures like nationwide awareness and promotion campaigns, zero tax regime and greater subsidy on E-bikes, progressive phase-out of conventional two wheelers in select cities, allocating dedicated area for building charging stations on city roads as well as residential enclaves and facilitating creation of E-bike infrastructure and subsidizing cost of charging will further help the EV industry.

  1. No Comments.