OUT OF CHARGE

Business Today - - THE BUZZ - – Su­mant Ban­erji

IN­DIA'S ELEC­TRIC ve­hi­cle story (EV) is un­rav­el­ling fast. Elec­tric car sales in fis­cal 2018 de­clined 40 per cent – just 1,200 units, even as the gov­ern­ment is push­ing for at least a third of all new car sales by 2030 to be EVs. This is hardly a sur­prise for in­dus­try watch­ers. There’ve been many flipflops and still no proper pol­icy.

The only sil­ver lin­ing was the dou­bling in sale of elec­tric two wheel­ers in the fis­cal to over 50,000 units – though this was largely due to the shift from the lead acid to lithium ion bat­ter­ies. The bot­tom- line is clear. A proper pol­icy with sub­si­dies and a blue print for set­ting up charg­ing in­fra­struc­ture for elec­tric ve­hi­cles may not be a pre­req­ui­site for two wheel­ers but with­out that, the elec­tric car dream is a non- starter.

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