Indian Government aims to increase electric vehicles share to 30% by 2030

Indian Government aims to increase electric vehicles share to 30% by 2030

In a move which underscores the scaling back of Indian government’s efforts to switch to electric vehicles, the country’s 2030 target for electric vehicles has been revised downward from 100% to 30% by the government led by Prime Minister Narendra Modi.

In an earlier-this-month announcement of the revised target for electric vehicles in India, Power Minister R.K. Singh said that the country “must ensure that by 2030, 30% of our vehicles run on electricity, to leave behind a better world for our grandchildren.”

The government’s downward revision of its 2030 target for electric vehicles comes less than two years after an announcement that the country plans to makes a full switchover to electric vehicles by 2030, with hydrocarbon-fuelled vehicles completely eliminated from the roads.

The scale back in the plan to make a 100% shift to electric vehicles by 2030 implies that the Indian government has recognized the difficulties involved in the move, especially the need for massive government subsidies. The huge government subsidies potentially accompanying the increase in the proportion of electric vehicles on Indian roads would be unjustifiable because the country is still struggling to provide basic amenities of life to its citizens.

Another evident difficulty faced by India in its plans to go all-electric by 2030 is that the cost of electric subcompact cars is nearly two-fold higher than the cost of cars equipped with internal combustion engines, thanks largely to high battery costs.