India sees a rise in EV adoption since 2020: Govt data
The rise in the number of EVs came against the backdrop of a sharp rise in prices of petroleum products and a reduction of GST on EVs from 12 to 5 per cent.
The number of electronic vehicles (EVs) plying on road has seen a considerable rise since 2020.
A total of 1.19 lakh EVs were sold in 2020, which increased to 3.11 lakh in 2021 and 4.19 lakh in 2022, as per the data shared by the Minister of State for Heavy Industries Krishan Pal Gurjar with Parliament.
The minister, however, pointed out that as against 6.3 crore non-electric vehicles, only 10 lakh EVs were sold in the country in the last four years.
The rise in the number of EVs came against the backdrop of a sharp rise in prices of petroleum products and a reduction of GST on EVs from 12 to 5 per cent.
Other initiatives taken by the government to bring down the prices of EVs includes approval of the Production Linked Incentive (PLI) scheme for manufacturing of Advance Chemistry Cell (ACC) as the cost of Lithium-based battery is high and asking States to waive road tax for the EVs.
The lithium-ion battery is the costliest component in the EV.
Tags: EV