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Ev
Ev
• The level of Trade exports in this sector in India has been medium and imports have been low However,
This is rapidly changing and both exports and imports are increasing.
• With a high cost of Developing production facilities, limited accessibility to new technology, and
increasing competition, the barriers to enter the Indian Automotive sector are high.
ELECTRIC VEHICLES
IC ENGINE CARS
SWOT ANALYSIS OF EV’S
• Eco-friendly • Need time to recharge
• Silent • Lack of recharging Infra
• Low cost Of Ownership • Batteries change is
• Cheaper to run expensive
• Simpler mechanism
Strengths Weaknesses
• Competition in form
• Government subsidy
of electric hybrids,
for ownership
alternative fuel,
• No congestion for
Opportunities Threats hydrogen-powered
Charge
cars
• Lower Taxes
• Rise in cost of
• Increasing fossil fuel cost
electricity
Motivation to Embrace EV
BENEFITS OF EV
• Cheaper to run
• Cheaper to maintain
• Savings in terms of Registration
• Less pollution
• Renewable energy
• Eco-friendly materials
• Health benefits
• Safety improvements
• energy security
Economic Reality of EV
Manufacturers Of EV
Electric Vehicle Sales Figure In India
Worldwide Data of EV
FUTURE OF EV
GOVERNMENTS INITIATIVE
• The finance minister announced tax rebates of up to ₹1.5 lakh on interest paid on loans
to buy Evs
• The government has started from 1 April 2019, the second phase of the Faster Adoption
and Manufacturing of Hybrid and Electric Vehicles (FAME 2) scheme, with an outlay
of ₹10,000 crore.
• The minister also announced customs duty exemption on lithium–ion cells, which will
help lower the cost of lithium-ion batteries in India as they are not produced locally.
• Makers of components such as solar electric charging infrastructure and lithium storage
batteries and other components will be offered investment linked income tax
exemptions under Section 35 AD of the Income Tax Act, and other indirect tax benefits.
• The NITI-Aayog is considering a policy proposal to ban all internal combustion engine
two-wheelers under 150cc by 2025 and three-wheelers by 2023.
• The Indian government’s move to reduce goods and services tax on EVs to 5% from the
existing 12%—compared to the tax range of 29% to 45% on internal combustion ones