Strong sales of electric vehicles in 3 months, this is the reason

Strong sales of electric vehicles in 3 months, this is the reason


New Delhi. Electric vehicles are now being encouraged in the country as compared to conventional vehicles. This is the reason that from the central government to the state governments are now preparing infrastructure in this direction. Recently in the budget too many announcements have been made regarding electric vehicles. For some time, EVs are also being said to be an important link in reducing environmental pollution in the country, which is why people are being advised to buy them instead of petrol and diesel. However, if seen every month, an increase is also being seen in the purchase of EVs.

Data from the Council for Environment, Energy and Water’s CEF Handbook shows that sales of electric vehicles are booming. In the third quarter of the financial year 2021-22 itself, EV sales have seen a growth of more than 250 percent. EV sales have increased to over 1.3 lakh units in October, November and December. Whereas in the third quarter of the financial year 2020-21, only about 34 thousand units were sold.

Experts say that the interest of people about EVs has not increased just like that. Steps such as the recent record hike in diesel and petrol prices, the launch of new models of electric vehicles with incentives under Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME-II) have led to zero-emission vehicles. This has contributed in increasing the sales, especially of electric two wheelers.

The CEEW-CEF handbook also highlighted that total electricity generation during the third quarter increased by 3.7 percent to 324 billion kilowatt-hours (kWh) compared to the same time period last year. This happened due to the increase in economic activities during the festive season. The total renewable energy capacity auctioned during the third quarter of the financial year 2021-22 has seen a significant increase of 61 percent as compared to the third quarter of the previous financial year. The total dues of power distribution companies for this period also increased by seven per cent (7%) to Rs 1.23 lakh crore as compared to the corresponding period in the previous financial year.

Tags: electric bus, Electric Car, electric vehicle, Electric Vehicles


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