The demand for electric vehicles is increasing rapidly in the country. Electric vehicles are not only beneficial for the environment, but they are also saving the vehicle owners a huge amount of money. This is the reason why there has been a sharp increase in the sales of electric vehicles. According to the data of Federation of Dealers Association, the demand for four wheeler electric vehicles has increased by 296 percent to 2352 and two wheeler electric vehicles by 433 percent to 32,433 in the last one year in the country.
New electric vehicles hit the market: In view of the increasing demand for electric vehicles, companies are also continuously launching new vehicles in the market. In four wheeler companies Tata, Mahindra, Hyundai, MG and two wheeler companies Hero, Bajaj, Ola, Ather TVS have launched electric vehicles. Apart from this, many other companies are preparing to include electric vehicles in their portfolio.
Demand for electric vehicles increased due to these reasons: According to Hemal Thakkar of Crisil Research, the demand for electric vehicles, especially two wheelers and four wheelers, is increasing in the country due to the increase in the price of expensive petrol and diesel. Along with this, he said that due to the battery swapping policy of the central government in the budget, it will help in increasing the number of customers of electric vehicles in the country.
The increase in the number of electric charging stations in the country is also the reason for the increase in the sales of electric vehicles. According to the Ministry of Power, the number of electric charging stations in Delhi, Mumbai, Chennai, Kolkata, Ahmedabad, Surat, Pune, Bangalore and Hyderabad has increased 2.5 times in the last four months. Apart from this, the government has given the target of setting up 22 thousand electric charging stations to the oil distributor companies.
semiconductor shortage: A large number of semiconductors are used to make vehicles. During the last two years, due to increase in Corona demand and then due to Russia-Ukraine war, the supply of raw materials from Russia is disrupted, the car industry is facing a crisis of meeting demand. has gone. Let us tell you that due to shortage of semiconductors for the last two years, big auto companies have also had to reduce their production.