The electric vehicles market in India appears to be gaining traction. The arguments in favour of a shift towards electric vehicles are straightforward, arising largely as a response to the challenges of pollution and energy security. As such, the adoption of electric vehicles will reduce overall emissions and also help meet the targets under the Paris agreement. Considering such a shift will lead to enormous socio-economic and environmental benefits, a prudent approach would be to channel investment towards facilitating the shift of various modes of public transport, two-wheelers and taxis to electric vehicles. However, while public funding may well be required to incentivise both manufacturers and consumers to shift, governments should be agnostic between various EV technologies.

Source: Indian Express December 29, 2020 22:06 UTC