{"id":123726,"date":"2021-08-05T18:01:53","date_gmt":"2021-08-05T12:31:53","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=123726"},"modified":"2021-08-11T15:44:37","modified_gmt":"2021-08-11T10:14:37","slug":"why-switching-to-electric-vehicles-is-fiscally-imprudent","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/why-switching-to-electric-vehicles-is-fiscally-imprudent\/","title":{"rendered":"Why switching to electric vehicles is fiscally imprudent"},"content":{"rendered":"

Source<\/span><\/b>:\u00a0<\/span>Indian Express<\/span><\/a>\u00a0<\/span><\/p>\n

Relevance<\/span><\/b>: Electric vehicles are necessary for pollution control and import substitution.\u00a0\u00a0<\/span>\u00a0<\/span><\/p>\n

Synopsis<\/span><\/b>: The government is promoting Electric vehicles in India at a good pace. However, there are issues attached to government policies towards EVs.\u00a0 <\/span>\u00a0<\/span><\/p>\n

Introduction<\/span><\/b>\u00a0<\/span><\/p>\n

E-vehicles\u00a0or EVs\u00a0are becoming increasingly popular in India.\u00a0It is evident in the increasing sales of\u00a0TATA\u00a0Nexons\u00a0EVs.\u00a0<\/span>\u00a0<\/span><\/p>\n

The most important reason behind their popularity\u00a0is\u00a0their\u00a0low running cost, which is\u00a0a sixth of the diesel variant.\u00a0<\/span>\u00a0<\/span><\/p>\n

However, there are many issues attached to their popularity.\u00a0 <\/span>\u00a0<\/span><\/p>\n

What are the issues attached to E-vehicles?<\/span><\/b>\u00a0<\/span><\/p>\n

Moral blindness behind subsidies:\u00a0<\/span><\/b>T<\/span>he cost of a basic Nexon EV was Rs 14.3 lakh and that of the diesel variant Rs 8.3 lakh. At present five states \u2014 Delhi, Maharashtra, Gujarat, Karnataka, and Meghalaya are providing a huge amount of subsidies per car i.e., Rs. 5 lakh per car. <\/span>\u00a0<\/span><\/p>\n