India Bets Billions on EVs
India doesn’t have much of an EV market – but some officials are convinced that’s a matter of infrastructure and subsidy, rather than a lack of market demand … and they’re willing to bet over $4 billion (with a “B”) on their hunch.
Granted, India’s harsh environment and developing infrastructure makes the super-simple electric motor a solid and reliable option – but if they build it, will they come? Our sister site, Cleantechnica, covered India’s electric vehicle infrastructure plan, which you can read more about, below.
Enjoy!
India Approves $4.1 Billion Investment in Electric Vehicles over Next 8 Years (via Clean Technica)
The government of India has decided to approve a $4.13-billion plan to stimulate the production of electric and hybrid vehicles over the next eight years. The country is setting for itself the target of 6 million vehicles by the year 2020. There isn’t really an electric and hybrid vehicle industry…
Source: Cleantechnica.
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About the Author
Jo Borrás I've been involved in motorsports and tuning since 1997, and write for a number of blogs in the Important Media network. You can find me on Twitter, Skype (jo.borras) or Google+.
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