Sustainable Future Technology

Electric vehicle & Rechargeable Battery Market 1.01 Present Status Vs Potential Many countries have set targets to go emission free including India, which seeks that every vehicle sold in the country should be a zero-emission vehicle by 2030. Globally, around 95% of electric vehicles (EVs) are sold in just ten countries i.e. China, USA, Norway, UK, France, Germany, Netherlands, Sweden, Japan and Canada. These countries have strong policy strategies and incentives when it comes to owning electric vehicles. As compared to the internal combustion vehicle, EVs have the potential to reduce greenhouse gas (GHG) emissions. According to a 2007 estimate, India’s transport sector was responsible for 7.5% of the country’s total GHG emissions. The National Electric Mobility Mission Plan (NEMMP) 2020 launched in 2013 aims to achieve national fuel security by promoting hybrid and electric vehicles in the country. With the success of the National Electric Mobility Mission Plan 2020 (NEMMP)...