Tesla helped electric vehicles gain a mainstream foothold in the US by starting with luxury cars and then moving down-market. India’s nascent transition to EVs is heading in the opposite direction.
Many consumers will get their first taste of electric vehicles from public-transit systems and corporate fleets in India, where car ownership per 1,000 citizens is just 20, compared with 800 in the US Companies such as Bangalore-based Lithium Urban Technologies Pvt, which provides EV fleets to corporations, are expanding as India aspires to end sales of internal-combustion engines by 2030.
“In the next five years we’ll have 10,000 electric cars and buses,” Sanjay Krishnan, the firm’s co-founder, said in an interview, adding that the company hopes to have its first electric bus as early as this year. Read More…
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