Electric Vehicles Current Affairs - 2020

Electric Vehicle Sale increases by 20% in 2020-21

The Society of Manufacturers of Electric Vehicles (SMEV) has released its data on Electric Vehicles sales. According to its report, the sales of Electric Vehicles have increased by 20% in the Fiscal Year 2019-20.

Highlights

The sale of electric vehicles in 2018-19 included 3,600 cars, 126,000 two wheelers and 400 buses. The sale of electric vehicles for the year 2019-20 included 3,400 cars, 152,000 two wheelers and 600 buses. The sales of cars have declined mainly due to lack of bulk purchase of electric cars in the country.

The sale of E-rickshaws was also high. Around 90,000 e-rickshaws were sold in the year 2019-20.

Key Findings

Of the electric vehicles sold in 2019-20, 97% were electric scooters. Out of these electric scooters, 90% of them were low speed electric two wheelers that run at 25 km/hr.

The trend of electric taxis is slowly building up. However, the sales of these taxis are not growing due to lack of infrastructure of charging stations.

IISD: India’s Renewable Subsidies decline by 35%

The Council on Energy, Environment and Water (CCEW) and International Institute of Sustainable Development (IISD) recently released a report called “Mapping India’s Energy Subsidies, 2020”.

Highlights

The report says that India’s energy subsidies have declined by 35% in 2019 as compared to 2017. On the other hand, the oil and gas subsidies have increase by 65%.

The report also says that the subsidy expenditure of the country is to be greatly affected by the COVID-19 crisis. The Economic stimulus package of India is to be the main source to drive the energy sector in the future.

Key Observations of the report

The institutes have observed that India has shifted from public resources towards clean energy in the last 6 years. The fossil fuel subsidies have dropped by more than half. On the other hand, the subsidies for electric vehicles and renewable energy have increased by three and a half times since 2014.

The subsidies of electric cars have increased by 11 times since 2017.