Mahindra Reva, which has sold around 5,500 cars since its inception, has a manufacturing unit in Bengaluru with capacity of 30,000 units.India does not make lithium-ion batteries and most of the long lasting batteries are imported from China. China has a virtual monopoly over lithium battery industry. The battery itself cost almost 50% of the over all cost of an electric car like E2O. Currently, E2O cost Rs.6.75 lakh (ex-showroom Bangalore).
The success of an electric car like Mahindra Reva E2O is dependent on the local tax structure and the charging infrastructure. The Government of India launched the FAME - a scheme for the adoption and manufacture of electric and hybrid vehicles. Following this move, Mahindra Reva slashed the prices of the E20. Even after the price cut, the company has not been able to sell the car in significant numbers.
In order to create the awareness about environment friendly electric vehicles, and to test the limits of the e2o, Mahindra Reva held a nationwide expedition recently. The Mahindra Reva Goodness Drive — Kashmir to Kanyakumari — held from November 16 over a 30-day period, covered a distance of 5,300 km, touching 52 locations.
According to one estimate Europe accounts for 30% of the sales of electric cars in the world. The US and China have an equally large share. Japan accounts for 8-9%.
High cost #Chinese #batteries holdig back #electric car revolution in #India pic.twitter.com/DeZh3vemLw
— Press Release Watch (@PrReleaseWatch) December 22, 2015
The success of an electric car like Mahindra Reva E2O is dependent on the local tax structure and the charging infrastructure. The Government of India launched the FAME - a scheme for the adoption and manufacture of electric and hybrid vehicles. Following this move, Mahindra Reva slashed the prices of the E20. Even after the price cut, the company has not been able to sell the car in significant numbers.
In order to create the awareness about environment friendly electric vehicles, and to test the limits of the e2o, Mahindra Reva held a nationwide expedition recently. The Mahindra Reva Goodness Drive — Kashmir to Kanyakumari — held from November 16 over a 30-day period, covered a distance of 5,300 km, touching 52 locations.
According to one estimate Europe accounts for 30% of the sales of electric cars in the world. The US and China have an equally large share. Japan accounts for 8-9%.
