Page 15 - Traffic Infra Tech Magazine

NEWS

Localisation and not banning is the key to Electric Three-Wheelers in India

ndia is all charged up to take the concept vehicles in India isn’t so simple. There are players in the battery and electric motor
of Electric mobility to the next level. several challenges that both manufacturers space. Localisation in the EV industry will
IOne way the government has started and buyers face due to lack of an effective help make vehicles more affordable. With
upping the ante is by offering incentives ecosystem. As things stand today, both more components developed locally,
and special schemes for manufacturers of the organised and unorganised electric not only will the price of the vehicle be
electric vehicles. It is also learnt that under vehicle space has components sourced reduced, but it will also help automakers
the Under the FAME II (Faster Adoption from markets like China, from different to increase their margin.
and Manufacture of Hybrid and Electric
Vehicles) Scheme, the government has
earmarked 10,000 crore to help establish
charging infrastructure for electric vehicles
as well as provide incentives to electric
vehicle manufacturers and allied supply
chain industries. However, Niti Aayog has
proposed to phase out three-wheelers
powered by internal combustion engines
by 2023 in a bid to increase the sales of
electric three-wheelers. The electric two-
wheeler space is still in a nascent stage,
but slowly and certainly, conventional
two-wheeler manufacturers are stepping
up development of electric scooters and
bikes.
To ensure a smooth run for electric

www.trafficinfratech-com-500653.hostingersite.com April - May ’19 / TrafficInfraTech 15