Support from Centre on alternative fuel technologies and batteries holds key
The fleet of 10,000 EVs will include three-wheelers and four-wheelers, which have been designed and manufactured in India
Recently, Union minister Prakash Javadekar told Parliament about 285,000 buyers of electric/hybrid vehicles had been supported by a subsidy of Rs 360 crore under FAME.
The running cost of electric vehicles is lower, but there is a high upfront capital investment. Lack of charging infrastructure is another impediment
Currently, EV industry comprises less than 1% of total vehicle sales and is dominated by two-wheelers (95%)