Maruti is testing 50 nos of WagonR electric and is currently evaluating the commercial launch of it next year. The major hurdles for making small electric car as an viable alternative is the price and lack of charging infrastructure. The success will depend upon the willingness of potential buyers to pay a hefty price for electric vehicle in passenger vehicle segment, as there are not enough sops and subsidies provided by the government.
The regular WagonR cost around Rs.4.20 to 5.70 lakhs but the electric version would be costing around 12 lakhs. The government has extended a lower rate of 12% for electric car against 28% for fossil fuel driven cars but it would not be enough to bridge the pricing gap. Further, unless the charging infrastructure is in place the move to promote EV in passenger segment may not be effective.
Parking is another issue as most of the owner’s park vehicle outdoors and providing charging infrastructure would continue to be a hurdle in faster adaptation of EV. Across the globe, the developed economies are getting lot of incentives from government to promote the e-mobility, which does not seem to be the case in India when it comes to passenger car segment.
The push by government to promote electric 2-wheeler is sigh of relief for manufacturers as it would help in developing the charging infrastructure and more importantly bring down the battery cost, which subsequently will help in creating the eco system for adaptation of EVs in personal segment.
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