Electric Vehicles

EVs without Battery – Opportunity for Swap India has been a party to the recent wave of EV adoption across the globe. The Government of India, to leverage the potential, has been working on a roadmap to shift public transport and logistics to 100 per cent green and clean sources of energy in the coming years. In the same direction, the Government of India, allowed the sales and registration of EVs without batteries in August, 2020. The rationale behind the…

EV Registrations in Jan-Aug 2021 Surpasses Last Year’s Total Registrations India is one of the few countries that support the global EV30@30 campaign, which targets to have at least 30% electrification of its new vehicle sales by 2030. Given this target and a strong government push over the last two years, the EV landscape is witnessing an increase in EV penetration in India. The push can be observed in terms of incentives offered under the FAME-II scheme and waiving-off of…

Registered EV sales drop 20% Y-o-Y in FY2021 The sales trend of Electric Vehicles in India during the fiscal year 2020-21 (FY21) is a rather distinguished case. Across this period, the EV market pursued the trade from one extreme reality to another. The monthly (or even quarterly) sales which began as abysmally low (owing to covid-19 induced disruption) transformed into the highest-ever registered figures by fiscal-end. The registered EV sales during Q1 of FY2021 shrunk 73% Y-o-Y to 8,387 units…

Registered EV sales in India in 2020 dropped by 26% on yoy basis The past year brought in a major shift in the course and dynamics of global markets. The e-mobility or the electric vehicle (EV) domain, just as any other industry, was vastly influenced by the effects of the global pandemic. Different YOY trends depicting the wavering track of EV sales is briefed hereafter. The overall registered EV sales Pan-India in 2020 dropped by 26% from 2019 sales. The…