Electric Vehicle: A Path to India’s Prosperity

Abstract

The growing inclination towards electric vehicle and harmful emission from the transport sector, and investment by various Original Equipment manufacturers (OEMs), concern in developing more and affordable electric vehicles in the coming years. Several factors such as technological advancement, reduction in the cost of a vehicle, Govt. policy support, vehicle purchasing incentives, parking benefit, and good public charging infrastructure facility could result in the uptake of the electric vehicles in India. This paper reviewsthe details of the electric vehicle revolution and availability of Government policy and emerging battery technology for energy storage in India.