The ongoing decade is expected to be the decade of the fully electric car. With battery prices reportedly falling 73% since 2010, electric cars are expected to be as cheap as fuel-powered cars in the foreseeable future. India has a lot to gain from the widespread adoption of e-mobility. Under the Make In India programme, the manufacturing of e-vehicles and their associated components is expected to increase the share of manufacturing in India’s GDP to 25% by 2022. On the economic front, large-scale adoption of electric vehicles is projected to help save $60 billion on oil imports by 2030. With a concerted policy push at the national level to promote e-mobility, will India move towards faster adoption of Electric Vehicles?
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