EV: A Market in its infancy

It is on Price that EVs face their biggest challenge - as is well known, EVs today do not satisfy the need for a vehicle at an affordable price. 

EVs cost between 30% - 100% higher than their conventional equivalents. The main reason for the high cost is the battery. 

While vehicles using Lead Acid batteries cost perhaps 25-30% higher, vehicles using Li-ion batteries could cost 50% or higher. 

Electric buses (almost all of which run on Li-ion batteries), cost over 100% than their fossil fuel equivalents.

MRTS: Explore avenues to increase the use of EVs (especially two wheelers) for last mile connectivity with MRTS. It is encouraging to see proposals by some Indian cities (Chennai, Bengaluru) to set up charging stations near metro station locations 

Public buses: Intra-city public buses (and also corporate bus fleets) present a strong business case already for electrification; thus, a significant portion of the new buses could be electric buses!

BS VI: BS VI compliance will be easier for cars if they are hybrid. While one does not foresee significant acceleration in the electric car mass market, the premium car market could go for electric cars. 

CO2 mitigation :Transport sector contributes about 13% to total CO2 emissions

Air pollution control : In many Indian cities, transport sector contributes to over 60% of the total air pollution

Lesser dependence on oil imports: India imports almost 85% of its total liquid fuel (gasoline and diesel)

More efficient urban transport : Reduced congestion and more effective parking can result in multiple benefits