Now here’s the thing: the average price of a new vehicle – including non-electric ones – is $46,000, and that’s already out of reach for more than half of all Americans. See, carmakers – like everyone else – have been upping their prices recently, bringing the average cost of an electric car to $61,000. The bigger picture: Eco-consciousness costs.īut there’s a wider issue threatening EV adoption: inflation. But it’s got a long way to go: India’s proportion of charging stations to EVs was just 6% in 2021, lagging behind the UK’s 9% and China’s whopping 18%. After all, an electric scooter’s no use if there’s nowhere to charge it.
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India will have to upgrade its sparse charging network if it really wants EVs to take off. That’s not all cars, mind you: two and three-wheel EVs will likely lead the charge, as their four-wheel counterparts will still be too expensive for many of the country’s drivers. In fact, the report predicts that Indian EV sales will pass 10 million – equivalent to 10% of the world’s EV sales – by 2030, way up on last year’s paltry 400,000. Layer in some hefty government subsidies, and India could soon be cooking with gas – or, uh, electricity. Charged Up Cuts 3002 Lake Rd, Suite B, Killeen, 76543 About us Come get charged up Best cuts in the city Contact & Business hours (941) 545-0136 Call Sunday Closed. But that might change soon: a new report projected that foreign investment in the industry will rocket from $6 billion in 2021 to $20 billion by 2030, as globally established companies seek to make the most of the world’s fourth-biggest car market. India’s been slower to embrace EVs than most other major markets, which won’t be helping the world’s third-biggest emitter of greenhouse gas reach its target of being net carbon zero by 2070. A report out on Friday predicted a third of all vehicles sold in India will be electric by 2030.