China is taking a step in the direction of environment preservation, by planning to ban petrol and diesel cars. According to a Moneycontrol report, China, the world’s largest auto market, aims to bring change in the country’s auto industry through this. The country accounted for almost a third of the cars that were manufactured last year. Therefore, this decision will affect the market in a big way. China has begun and advanced in research relating to electric cars, decreasing its dependency on conventional natural resources for fuel. China has already proposed a plan to increase the share of electric and hybrid petrol-electric vehicles to 12% by 2020. State-owned power companies have been asked to set up a large number of electric charging points for those.
India also is gearing up to electrify all its vehicles by the year 2030, to reduce its carbon emissions. Auto giants of India like Ashok Leyland, Hyundai, Tesla and engine maker Cummins are planning ahead to make the most out of this task. According to an NDTV report, Transport Minister Nitin Gadkari, encouraged automobile companies to advance the electrification of their cars and bikes, asking them to not be wary of policy and rules changes yet.
India is one of the fastest growing car markets in the world, and alternative fuel consumption can impact carbon emissions of the country, enormously. It is important to note that even though electric cars were launched by Mahindra, their sales, as opposed to petrol and diesel cars, were negligible. The two cars by Mahindra are E20 Plus and E-Verito.
Electric cars are cheaper to run, even if they cost slightly higher than petrol cars. It has been predicted that their cost will be comparable with petrol cars in a span of five years. Electric cars emit fewer greenhouse gases, helps reduce smog-inducing pollutants and use fewer fossil fuels to run. They have a downside when it comes to maintenance, since battery charging, replacement costs and time investment can be high.
Perhaps, weighing the pros and cons, superpowers like China are planning to execute the ban over petrol cars. In a bid to reach the sustainable development goals, India also wants to be prepared to achieve this by 2030. The reason this is a big feat to achieve in India is that the market share for electric cars is non-existent, and the costs of buying and maintenance are high. This has made the customers hesitant to invest in it. But with the government push, the transformation in the auto industry is inevitable. Electric cars are the way forward in helping the sustainable growth of transport. Therefore, let us be a more receptive market.
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The CSR Journal Team