The Indian government officially approved an eight year plan which would see the investment of 230 billion rupee (€3.2 billion) in the development of the country’s electric and hybrid vehicle industries. The plan targets a goal of producing six million such green vehicles by 2020. However, the government expects 4-5 million of these vehicles to be two-wheel vehicles. Nonetheless, even the targeted 1 million vehicle estimate is double that of China’s current goal for 2015 of having 500 000 electric and hybrid vehicles on its roads.

At present, India’s electric and hybrid vehicle industry remains quite underdeveloped as most automakers continue to focus on low-emission, fuel-powered vehicles as they are significantly less expensive to produce, due to the high cost of technology investment.

Source: Scientific American article

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