What Do Electric Vehicles Spell for India?
With the rapid depletion of fossil fuel reserves and the harmful impact of industrial emissions on the climate, the world is heading towards a greener future. The increasing awareness for conserving and protecting non-renewable resources has led many industries across the globe to develop alternatives that are economically and environmentally viable. The automotive industry has already begun to do its bit by launching electric vehicles (EV). Electric vehicles are lauded for being environmentally friendly against fuel-powered vehicles as they run on an electric motor and require charged electric batteries to function. They do not harm the environment by emitting hazardous emissions. The Society of Motor Manufacturers and Traders (SMMT) shows that electric vehicle sales are rapidly accelerating with a 236.4% rise as of September 2019. The demand for electric vehicles in India has increased rapidly in the last few years and according to German data tracker Statista, by 2025, t...