Acceptability of new energy vehicles to rise by end of decade: Survey
The buyers would be willing to pay a premium of up to 49 per cent for an electric vehicle above the cost of a comparable petrol/diesel vehicle, a survey from Urban Science and The Harris Poll has revealed
PTI
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Representative Picture
New Delhi, 23 Sept
Majority of new car buyers, who
participated in a study, were ready to accept new energy vehicles (NEV) as the
only option when considering a purchase by 2030, according to a survey.
The buyers would be willing to pay
a premium of up to 49 per cent for an electric vehicle above the cost of a
comparable petrol/diesel vehicle, a survey from Urban Science and The Harris
Poll has revealed.
Around 83 per cent of the 1,000
prospective Indian buyers covered in the global survey said they will consider
buying an NEV by the end of this decade. The survey conducted online by The
Harris Poll on behalf of Urban Science received inputs from various markets
including India, the US, Australia, China and Germany.
The survey stated that the positive
outlook for NEVs in India is being fuelled by the rapid expansion of public EV
charging network, with a noticeable presence in major cities and emerging in
tier-2 cities.
There are currently over 6,000
charging stations available in India across major cities and along the
highways. This number is expected to increase to over one lakh by 2027.
The positive outlook is also due to
the government's proactive policy initiatives for the EV segment, the survey
revealed. It pointed out that India must access the advanced technology and
production scale that China has mastered in the EV field.
Opportunity is mounting, but
India's EV push faces challenges, especially when compared to China's dominance
in the sector, it stated. China leads in producing lithium-ion batteries,
electric motors, and establishing charging infrastructure critical components
for the seamless functioning of EVs, survey findings revealed.
Without leveraging this expertise,
India's EV ambitions might struggle to stay relevant, it stated. Collaborating
with Chinese companies could be pivotal in accelerating the development of
India's EV infrastructure, making electric cars more affordable and accessible
for everyone, the survey opined.
China's track record with massive
EV projects, such as city-wide electric bus fleets and extensive charging
networks, provides a valuable blueprint, it said. By learning from China's
experiences, India can avoid common pitfalls and fast-track its transition to
electric mobility, it said.
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