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E20 Automative Analysis

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E20 Automative Analysis
Market Analysis for Electric Vehicles in India:-
India National Electric Mobility Mission Plan 2020 expects 5-7 million electric vehicles (EVs) running on the roads by 2020. The demand for electric vehicles in India is driven by high oil price forecasts, and an unsaturated growing demand for personal passenger cars.
The transport sector accounts for one-third of the total crude oil consumption and the road transportation accounts for more than 80% of this consumption. India’s consumption of crude oil continues to outstrip demand. The National Electric Mobility Mission Plan (NEMMP) expects that 92% of all consumed crude oil will be imported by 2020. Electric transport is seen as an attractive option to reduce crude demand. Electric vehicle can help drastically reduce overall oil deficit and/or re-direct crude to stimulate energy-intensive export sectors like mining, manufacturing, and agriculture.
Market Analysis for Electric Vehicles in India:-
India National Electric Mobility Mission Plan 2020 expects 5-7 million electric vehicles (EVs) running on the roads by 2020. The demand for electric vehicles in India is driven by high oil price forecasts, and an unsaturated growing demand for personal passenger cars.

One-third of the total crude oil consumed is used by the transport sector and the road transportation accounts for more than 80% of this consumption. India’s consumption of crude oil continues to outstrip demand as shown in the following graphs. The National Electric Mobility Mission Plan (NEMMP) expects that 92% of all consumed crude oil will be imported by 2020. Electric transport is seen as an attractive option to reduce crude demand. Electric vehicles can help considerably reduce overall oil deficit and/or re-direct oil to stimulate energy-intensive export sectors like mining, manufacturing, and agriculture.

The rising cost of petroleum products will initiate a shift towards fuel efficient vehicles. Global crude price forecasts in
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