{"id":4359,"date":"2023-08-05T10:28:40","date_gmt":"2023-08-05T10:28:40","guid":{"rendered":"https:\/\/urbanacres.in\/?p=4359"},"modified":"2023-08-05T10:28:40","modified_gmt":"2023-08-05T10:28:40","slug":"india-among-worlds-fastest-growing-ev-markets","status":"publish","type":"post","link":"https:\/\/livzzy.in\/?p=4359","title":{"rendered":"India Among World\u2019s Fastest-growing EV Markets"},"content":{"rendered":"<p>The city of Bengaluru has become a hotbed for electric mobility, with electric<br \/>\ndelivery scooters, rickshaws and a surge in electric transport startups transforming<br \/>\nthe urban landscape.<\/p>\n<p>India is now among the world&#8217;s fastest-growing electric vehicle (EV) markets,<br \/>\nboasting millions of EV owners. In a country where more than 90 percent of its 2.3<br \/>\nmillion electric vehicles are two- or three-wheelers, the shift to electric motorbikes,<br \/>\nscooters and rickshaws has been particularly pronounced, with over half of three-<br \/>\nwheeler registrations in 2022 being electric.<\/p>\n<p>EVs offer a solution to mitigate planet-warming emissions and improve air quality,<br \/>\nespecially as road transport significantly contributes to global emissions. However,<br \/>\nexperts stress the need to transition electricity generation away from fossil fuels,<br \/>\nsecure critical mineral supply chains, and expand EV adoption across different<br \/>\nsocioeconomic backgrounds for the market to truly slash carbon emissions.<br \/>\nWhile two- and three-wheelers, primarily used for deliveries and rides, have<br \/>\nrapidly embraced electric models due to their cost-effectiveness, long-term<br \/>\nviability hinges on securing critical minerals for batteries and ensuring a clean<br \/>\nsource of electricity.<\/p>\n<p>Despite the challenges, India&#8217;s swift transition to smaller electric vehicles could<br \/>\nserve as a blueprint for other emerging economies, particularly those where two-<br \/>\nand three-wheelers dominate the transportation landscape. Nations like Indonesia,<br \/>\nthe Philippines, and several African countries could draw inspiration from India&#8217;s<br \/>\nelectric mobility revolution, setting the stage for cleaner and more sustainable<br \/>\nurban transportation.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The city of Bengaluru has become a hotbed for electric mobility, with electric delivery scooters, rickshaws and a surge in electric transport startups transforming the<\/p>\n","protected":false},"author":1,"featured_media":4360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24624,236],"tags":[],"class_list":["post-4359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-vehicle-ecosystem","category-ev-ways"],"_links":{"self":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts\/4359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4359"}],"version-history":[{"count":0,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts\/4359\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}