With nearly four million electric vehicles (EVs) sold in India cumulatively by March this year, the market is in the midst of an explosive growth phase and will become a major power consumer, a report said on Thursday.
The survey was conducted to evaluate the key indicators around last mile delivery companies' fleet transitioning to EVs. It measures public perception of air pollution linked to last mile deliveries and scale of demand for transition to EV by brands involved in deliveries by some of the e-commerce giants.
The number of electric vehicles (EVs) registered in FY24 increased significantly by 42.06 per cent as compared to FY23, the Parliament was told on Friday.
Nepal's trade dynamics have experienced a notable shift in recent months, reflecting broader economic and geopolitical trends in the region.
The sale of battery electric vehicles (BEVs) is set to hit the 10-million milestone this year, marking a significant achievement for the global passenger vehicle market, a report showed on Tuesday.
Urban freight vehicles account for 10 per cent of freight transportation-related Co2 emissions in India, and these emissions are expected to grow by 114 per cent by 2030.
Union Minister of Power RK Singh held an interaction with state Electricity Regulators and told them to address all issues related to EVs.
In addition, the report mentioned about the impact of the pandemic on emergence of a new consumer who is eager to be healthy, breathe clean air and build a better, more resilient world for the next generation.
Automakers around the world are ramping up production of electric vehicles as charging technology improves and governments impose stricter pollution regulations.
The customers are also more receptive towards the concept of electric vehicles that makes the adoption easier in the years to come.
