Scribd Logo
Upload

Welcome to Scribd!

  • 18 views

    EV - Debate

    Uploaded by

    SRINIVASH
    Electric vehicle sales in India increased over 300% from 2020-2021 to 2021-2022, reaching over 429,000 units sold. This large increase was driven by growing product availability, high fuel prices, and various state and national incentives that helped reduce purchase prices.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    EV - Debate

    Uploaded by

    SRINIVASH
    18 views2 pages
    Electric vehicle sales in India increased over 300% from 2020-2021 to 2021-2022, reaching over 429,000 units sold. This large increase was driven by growing product availability, high fuel prices, and various state and national incentives that helped reduce purchase prices.

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Electric vehicle sales in India increased over 300% from 2020-2021 to 2021-2022, reaching over 429,000 units sold. This large increase was driven by growing product availability, high fuel prices, and various state and national incentives that helped reduce purchase prices.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    18 views2 pages

    EV - Debate

    Uploaded by

    SRINIVASH
    Electric vehicle sales in India increased over 300% from 2020-2021 to 2021-2022, reaching over 429,000 units sold. This large increase was driven by growing product availability, high fuel prices, and various state and national incentives that helped reduce purchase prices.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 2

    1.

    India witnessed a threefold growth in EV sales, from 1,34,821 in 2020-21 to


    4,29,217 units in 2021-22.
    2. Electric Vehicle Sales Up by 333% YoY In the First Half of 2022
    3. Retail sales of electric vehicles clocked 4,29,217 units in FY22 (April 2021-March
    2022), as compared to 1,34,821 units in FY21 (April 2020-March 2021) and
    1,68,300 units in FY20 (April 2019-March 2020), the Federation of Automobile
    Dealers Association said.

     Hero Electric had the highest sales in two-wheeler segment


     Two- and three-wheeler segments led the growth this fiscal

    This increase is over 200 percent as compared to FY21 numbers and 155 percent over
    FY2020 numbers. The surge in sales can be attributed to increase in the availability of
    products in the market, high fuel prices, state subsidies and sops offered under FAME II.
    3. Incentives can also be availed of under PLI scheme for advanced chemistry cell (ACC)
    (₹18,100 crore) and faster adoption of manufacturing of electric vehicles (FAME) (₹10,000
    crore). The benefit of these schemes can be clubbed to bring down sale price of vehicles

    4. Also, the cap on subsidy has been increased from 20% to 40% of the vehicle's cost. For
    four-wheeler EVs, the subsidy remains to be the same, Rs. 10,000 per kWh
    5. Zypp – Akash Gupta
    6. Blu Smart – punit Goyal
    7. Revolt Motors – Rahul Sharma
    8. Simple Energy -

    You might also like