TIWN
New Delhi, May 14 : India is making progress in building its electric vehicle (EV) charging infrastructure in order to phase out diesel vehicles in a stipulated time-frame but there is still a long way to go.
The number of EVs on U.S. roads is projected to increase rapidly in this decade. In 2020, about 300,000 EVs were sold, accounting for about 2% of U.S. new automobile market. However, the cumulative number of EVs on U.S. roads could reach 35 million by 2030. How many charging stations will this require and what sort of challenges will need to be overcome to deliver on this target? Costs are not the only impediment here. Local regulatory issues and electric grid upgrades also play an important role. Viewed this way, the EV revolution faces important regulatory and technological challenges which require close collaboration among different levels of governments.
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals