Indian Government Wants India to Have Only Electric Cars by 2030: Everyone's Game Electric Vehicles (EVs) are making their way into the Indian roads and they have no plans to leave

By Sanchita Dash

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pixabay.com

There was a time when you thought of Electric Vehicles, you thought of a futuristic world. Well, the future is here. Electric Vehicles (EVs) are making their way into the Indian roads and they have no plans to leave. Given the growing menace of pollution and the threat of climate change, EVs are a step in the right direction to make a change for the better.

It's not just the young entrepreneurs that are bringing out EVs on the roads, the biggies in the automobile sector are changing the way they played the game and are embracing innovation by turning to EVs.

Entrepreneur India takes a look at how the Indian government and corporates are joining the #EVbrigade

Government’s take

The Indian government in line with the Paris Agreement has planned to transform the way we commute with a target of turning into a country with all electric vehicles on the roads by 2030. The government may even offer incentives of up to INR 2.5 lakh to those scrapping old petrol or diesel vehicles along with sops for investment to manufacture parts such as motors in the country.

The Biggies

One would think that all the automobile companies would be threatened by the EV phenomena. But well, that seems to be pass?. Automobile companies are instead picking up their socks and innovating in house to bring out state-of-the-world electric vehicles.

Mahindra and Mahindra has been the first EV manufacturer in India and recently, the group declared that they will be pumping in a fresh investment of INR 900 crore for electric vehicle over the next vehicles. Mahindra already has cars e20 Plus and eVerito in the market.

Tata Motors had recently signed an MoU with the Maharashtra government pledging to launch 1,000 EVs in Maharashtra. Not just that, reports suggest that Tata is developing over a dozen electric vehicles.

While South Korean carmaker Hyundai is gearing up to launch an electric vehicle in India by 2019, having also announced investment plans worth $1 Bn in the Indian market. If it does manage to do so, Hyundai will be able to beat Maruti Suzuki which has similar plans for 2020.

The Starters

Start-ups are of course in the race. While Ola is partnering with Tata Motors to launch electric vehicles, there are many others who are already out on the roads with EVs. Start-ups like Ather Energy, Gayam Motor Works, SmartE etc. are also marking out a space for themselves in the Indian electric automobile market. Bengaluru-based startup Ather Energy in fact recently launched the Ather 340 and Ather 450.

Sanchita Dash

Entrepreneur Staff

Former Senior Correspondent, Entrepreneur India

In the business of news for 5 years now. Making my way across India thanks to my career. A media graduate from Symbiosis, Pune, I have earlier worked with Deccan Chronicle (South India's leading English daily), T-Hub (India's largest incubator) and Anthill Ventures (a speed-scaling platform). 

Stories, movies and PJs are my thing. 

If you hear 'The Office' opening score randomly, don't worry it's just my phone ringing. 

 

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

Google Launches its Largest Office in India to Fuel AI Innovations

The new campus in Bengaluru marks a significant milestone in Google's journey, marking the technological paradigm shift underway with AI

News and Trends

Healthfab Secures USD 1 Mn Funding to Advance Sustainable Menstrual Care

The brand plans to use the fresh capital to expand its reach across metro and Tier II cities while strengthening its R&D efforts.

News and Trends

Probus Smart Things Closes USD 5 Mn Funding Led by Unicorn India Ventures

With the fresh funds, Probus aims to scale its smart grid communication tech, integrate AI into networking solutions, and expand dual communication modules for smart metering across multiple Indian states.

Business Solutions

Get a Lifetime of Powerful PDF Tools That Won't Give You a PDF Headache

Banish frustrating PDF issues forever and just breeze through all of the old problems with editing, formatting, converting, annotating and more.

Thought Leaders

24 Signs You're Destined to Become a Millionaire

Start making money at a young age. Warren Buffett sold packets of gum to his neighbors at age six!