Replacement pace of Fossil Fuel to Electric Vehicle, Customer’s overview, and Government’s Intervention.

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Replacement pace of Fossil Fuel to Electric Vehicle, Customer’s overview, and Government’s Intervention.

Replacement pace of Fossil Fuel to Electric Vehicle, Customer’s overview, and Government’s Intervention.

The research was conducted by the renowned newspaper platform Economic Times. The findings pertaining to the discovery are as follows :

• About 90 percent of the Indian car owners would opt for an electric car, provided the right infrastructure made available, along with an optimum support system for maintenance of their electric vehicles, according to Velocity MR, a market research and analysis company.

• The study observed that while there is some awareness of electric cars, a common misconception is the perceived low mileage per charge.

• About 70 percent of the respondents believed that an electric car could provide a maximum distance of 70km per charge, while the basic models of electric vehicles available in the Indian market today, and deliver a range of over 100 km per charge.

• The Centre aims at pushing full transition of three-wheelers, and scooters and motorcycles with engine capacities of less than 150cc by 2023 and 2025, respectively. The larger plan is to examine shifting non-commercial vehicles at an intra-state level and then extend it to inter-state by including commercial vehicles and passenger vehicles.

• The Centre is pushing for a full transition of three-wheelers, and scooters and motorcycles with engine capacities of less than 150cc to electric by 2023 and 2025, respectively. The larger plan is to examine shifting non-commercial vehicles at an intrastate level and then extend it to inter-state by including commercial vehicles and passenger vehicles.

• The tax on lithium-ion batteries used by EVs was reduced to 18% last year. The Goods and Services Tax (GST) Council set up a committee to discuss cutting tax on EVs and battery chargers and leasing of such vehicles. Besides, the road ministry proposed an exemption of registration fees for battery-operated vehicles.

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