Don’t buy a new car yet, wait for electric vehicles if you can

Are you planning to buy a new car? Consider this: petrol and diesel cars are on their way out. India is zipping ahead on its path to embrace electric cars as automakers as well as the government are gearing up to bring electric mobility to the country, and fast. Next year, a number of electric cars will hit the road and you will get to see more charging stations.

Below are five reasons why car buyers can put off their decision and wait for electric cars:

Government leads the way
Though M&M is already selling electric cars in India, one swallow does not make a summer. Electric mobility requires a big push. And that push has already happened. The government is placing orders for 10,000 electric cars with private companies. First phase of bidding is already over. Tata Motors will supply 250 cars and M&M will supply 150 in the first phase. State-run firm Energy Efficiency Services Ltd (EESL), which has placed the order, ..
Infrastructure cropping up
The biggest problem in the way of electric mobility in India is lack of charging infrastructure. That’s why the leader M&M could not bring in the revolution despite hard attempts. Adoption of electric vehicles requires mass-level efforts. The huge government order followed by more such orders in future will necessitate building of charging stations. India has nearly 56,000 fuel stations but only a little more than 200 charging stations. The cha ..

The leader joins the race
Japanese automakers Suzuki Motor and Toyota Motor have finalised an agreement to manufacture and sell electric vehicles in India within three years. Suzuki sells one in every two passenger vehicles in India through local unit MarutiNSE -0.16 %. If such a mass-production company starts selling electric vehicles, adoption will be quick.

The industry trend
Honda Cars India Limited (HCIL) is readying an electric vehicle strategy aligned with the needs of the Indian market. HCIL, the Indian subsidiary of the Japanese carmaker, is evaluating developing country-specific battery electric vehicles addressing the issue of affordability and its suitability under Indian traffic conditions. Honda globally expects as much as 65% of its sales to come from electrified vehicles in 2030. It has already established within H ..

The policy push
The government has set an ambitious target of having only electric cars by 2030. And it has shown it has no intention to sleep on its plans. In September, Union road transport and highways minister Nitin Gadkari warned automakers that he could even use coercion to meet the target. “We should move towards alternative fuel… I am going to do this, whether you like it or not. And I am not going to ask you. I will bulldoze it,” Gadkari said. This means the gover ..

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