Indian government’s ambitious push to bring in 100% electric mobility by 2030 has prompted various car makers to rev up their plans to launch electric vehicles.
The latest to do so is Honda Cars India Ltd (HCIL), the Indian subsidiary of Japanese car maker Honda. It is readying an electric vehicle strategy to cater to the price sensitive Indian market and is also taking into consideration the country’s traffic conditions, reports Economic Times.
HCIL is yet to determine schedules and model details for India as the electric vehicle market here is still at a nascent stage.
Currently, electric vehicle market in the country is dominated by Mahindra & Mahindra which manufactures compact electric vehicles and the annual sale is just 22,000 units out of which a mere 2,000 are four-wheelers. The major obstacles are lack of charging infrastructure and inadequate power supply in certain parts of the country.
A few days ago, the country’s largest car maker Maruti Suzuki inked a pact with Toyota to tap the electric car market. The first electric car from Maruti stable is expected in two years.
According to a study, India, which is the fifth largest car market, could save up to Rs 20 trillion (US$ 330 billion) if it shifts to electric and shared mobility system by 2030. It will also save 876 million metric tons of oil equivalent and reduce 1 giga-tonne of carbon-dioxide emissions by 2030, a FICCI-Rocky Mountain Institute report said.