In the front seat: Zyngo Mobility’s Prateek Yadav
In charge: Deepak MV of E-Trio
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Young Indians are kick-starting projects that will help put the electric revolution on Indian roads into high gear
Many believe that 2021 will be the year of the electric vehicle (EV). And with the recent Budget extending the tax holiday for start-ups, it is also a cue for entrepreneurs waiting in the wings to play their role in the transformation that will hit Indian roads.
With the arrival of Elon Musk’s Tesla and multiple offerings by players in all segments — two-, three- and four-wheelers — we seem to be slowly inching towards India’s 2030 EV ambition. The country hopes that by the end of the decade, 70 per cent sales of commercial cars, 30 per cent of private cars, 40 per cent of buses and 80 per cent of two- and three-wheelers will be in the electric segment.