In this survey, four parameters – market, consumer, infra and government – are taken into account in the EV adoption trend. Scoring 100 in this survey shows that buying and driving an electric vehicle there is as beneficial as the ICE engine. There has been an increase in the demand and sales of electric vehicles all over the world in the last two years.
Norway has received a score of 115 globally which shows that electric vehicles are popular among people in that country. It is followed by China (85), Germany (76) and the UK (74) and Singapore (74), which shows where EVs have become a popular choice and people’s first choice. In many places, it is leaving behind vehicles with ICE engines.
Talking about India, it has got 31 points, the biggest problem is spending and infra. In order to adopt electric vehicles in the Indian market, it is providing discounts on EV purchases under the FAME-II scheme, along with charging stations are being installed on major highways of the country. However, the price of EV is increasing continuously and in such a situation people are hesitant to buy it.
The countries which are in the starting position like India are mainly focusing on spending. With more than 40 electric vehicle models available in almost different segments in India, there are a lot of choices among the customers, but India’s EV market share is nowhere near that of China. Carbi has more than 100 EV models in China, with more than half being passenger cars.
In the early countries, competition has increased, prices have come down and quality has improved. In the financial year 2022, the sales of electric two wheelers and three wheelers have increased by 132 percent and 102 percent respectively. Production has reached a large level, due to which the price has come down. This rising oil cost has resulted in lower cost of electric two wheeler as compared to ICE engine vehicle.
The future of EVs in India
8 to 9 lakh electric two-wheelers can be sold in India this financial year, recently the Society of Manufacturers of Electric Vehicles (SMEV) said this. In the financial year 2022, 3.40 lakh units of electric two wheelers were sold, but despite all the current problems, the sales of electric two wheelers are going to increase by 3 to 4 times.
SMEV said everything is going well for electric vehicles except for fire incidents; Rise in the price of petrol, new products with a good range are coming, due to which the customers are getting the courage to use EVs. In such a situation, we can expect that the sales of electric two wheelers are going to increase by 2-3 times.
The sales of electric vehicles in the country have increased but it is less as compared to other countries. ICE engines are due to be discontinued in Europe after 2030 but in India the target is to achieve 30 per cent of total sales by this year. Now it has to be seen how fast India progresses.