India’s plan to encourage EV adoption is failing

Indian banks, for their part, have shown support for the government’s EV push.

Rest of World spoke to 25 EV owners in the country, 15 of whom said they had never received any of the subsidies promised by the government since 2019.

The Indian government needs to tweak these policies if it intends to meet its target of 1.56 million subsidized EVs by March 2024.

India has only 5,254 public charging stations for the more than 1.3 million EV registered in the country.

Most EV owners end up charging their vehicles at home where the source of power is thermal or hydro.

As a result, the EV’s purpose — to reduce the user’s carbon footprint, also emphasized by the Indian government — is defeated.