Can EVs be Priced 40% Lower? | CA Rachana Ranade
CA Rachana Phadke RanadeFebruary 16, 202200:20:25

Can EVs be Priced 40% Lower? | CA Rachana Ranade

It’s clear that the Indian automotive industry is experiencing a disruption. Electrification is leading the way and could have a huge impact on auto OEMs and auto component manufacturers. India is paving the way for EVs and their technologies by announcing its plans for the decade ahead. The country is focused on reaching a high level of EV adoption by 2030. EVs are to play a central role in the ambitious objective of zero emission targets set for 2050, and the industry is clearly gearing up for it.
However this is not very easy. Countries globally have been facing huge challenges and to understand how they are overcoming their challenges; check out the full video!

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What is covered?
00:00 - Start
00:40 - Introduction
01:28 - Land identification and allocation
03:31 - High capex - solutions for private vehicles
07:05 - High capex - solutions for public transport
09:02 - No mandate for EV adoption
11:37 - High cost of EVs
13:13 - Lack of public awareness
15:21 - Stringent conditions for availing subsidies
17:19 - Absence of adequate financing support
19:47 - Conclusion

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