India is targeting 6 million electric vehicles on the road by 2020, but high battery costs, a lack of charging stations and the limited range of the vehicles is still a deterrent. Ola’s push comes as sales of electric vehicles in India have remained slow, despite government incentives to curb pollution. In the year ended March 2016, 22,000 electric vehicles were sold in India, whereas sales of conventionally fuelled vehicles crossed 20 million units in the same period. India is targeting 6 million electric vehicles on the road by 2020, but high battery costs, a lack of charging stations and the limited range of the vehicles is still a deterrent. In December, Softbank Group chairman Masayoshi Son said Ola may introduce one million electric vehicles in India over the next five years, according to local media reports.

Source: Mint April 07, 2017 12:00 UTC