“You have to match the convenience of the gasoline car in order for people to buy an electric car,” opines Tesla founder and CEO Elon Musk, the “Iron Man” of the tech world. The significance of this statement lies in the fact that it perfectly explains why electric vehicles have not yet become mainstream, despite the unrelenting efforts of governments the world over.
In India, while the government is racing to switch to all-electric cars by 2030, a newly-released white paper by the Society of Indian Automobile Manufacturers (SIAM) predicts that it might not be possible before 2047.
Coming to some of the developments that took place over the last seven days, homegrown automobile marketplace Droom has announced plans to enter the country’s electric vehicles segment. Okinawa Autotech has launched its second electric two-wheeler Praise and is gearing up to introduce an electric motorcycle soon. Toyota is all set to launch 10 EV models in emerging markets like India and China by early 2020s.
Germany startup Magnum Pirex is reportedly looking to pump a $15.5 Mn investment to bolster its entry into the Indian electric vehicles market. On the other hand, Mercedes-Benz has once again urged the government to offer tax relief on EV imports.
On the international front, BMW has joined hands with US-based Solid Power to develop solid-state battery technology for electric vehicles. And United Parcel Services (UPS) has beaten Pepsico to make the largest order of Tesla’s all-electric Semi truck.
Given that so much has been happening in the country’s electric vehicle sector, we bring to you the fifth edition of the weekly EV roundups.