Prime Minister Narendra Modi has kicked off India’s race to turn all new passenger car sales electric by 2030. The largest order has gone to a company that hasn’t commercially started producing the vehicles.
Tata Motors hasn’t sold a single electric car yet, though Chief Executive Officer Guenter Butschek says its late-mover status is an advantage at a time when technology advances are leading to a fall in costs.
Tata along with Mahindra and Mahindra — India’s sole electric carmaker that plans to boost its vehicle manufacturing capacity to 5,000 units a month — underscore the distance to be covered when compared to China and the U.S.
Ramping up production of electric vehicles in a country where carmakers sell 2.5 million fossil fuel powered units annually is just one part of the problem, finding uninterrupted power supply is another. Read More…
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