EV Regns Drop Amid Subsidy Cuts And Charging Concerns
ECONOMY & POLICY

EV Regns Drop Amid Subsidy Cuts And Charging Concerns

For the first time in three years, fewer electric vehicles were registered across the state in 2024, largely due to the sudden reduction of the subsidy for EVs, charging worries and after-sales service concerns of some brands. While the state saw a 20% drop in EV registrations in 2024 compared to 2023, the Pune Regional Transport Office recorded an over 32% drop, according to figures retrieved from the Vahan portal of the Ministry of Road Transport and Highways. In the Pimpri Chinchwad RTO, registrations fell by more than 37% last year compared to 2023. 

Katraj resident Vijaykumar Bhurke, who bought a two-wheeler from a popular brand, last year, was appalled when his bike failed to start in early Nov. "They took almost one-and-a-half months to fix the issue, causing me major hassles. I bought the bike for Rs 1.2 lakh. If my experience with the company went sour, why would I encourage my friends and acquaintances to opt for an electric vehicle," he asked. 

Sachin Mahajan, state president of Federation of Automobile Dealers Associations (FADA), told TOI that the biggest problem was due to the subsidy given to EVs. "In April 2024, the subsidy given to EVs by govt was reduced from Rs 55,000 to Rs 10,000. This resulted in the price of EVs shooting up. Between April and Aug, the EV market plummeted as dealers as well as customers were perplexed," Mahajan told. 

Charging EVs was another issue that led to the drop, Mahajan said. Traffic jam and lack of infrastructure too have contributed. 

"Too much traffic on the road is resulting in major traffic jams. I have heard from EV owners that they had to switch off the engine and AC and sit it out in the heat to avoid running out of charge. There is a serious lack of charging infrastructure. They are almost non-existent. While the Centre has schemes, they are not being implemented due to red tape," he added. 

Sunil Chacco, president (L&D) of Joy e-bikes, blamed it on factors such as "after-sale service concerns" of certain brands and "negative publicity on social media about battery safety"
                        

For the first time in three years, fewer electric vehicles were registered across the state in 2024, largely due to the sudden reduction of the subsidy for EVs, charging worries and after-sales service concerns of some brands. While the state saw a 20% drop in EV registrations in 2024 compared to 2023, the Pune Regional Transport Office recorded an over 32% drop, according to figures retrieved from the Vahan portal of the Ministry of Road Transport and Highways. In the Pimpri Chinchwad RTO, registrations fell by more than 37% last year compared to 2023. Katraj resident Vijaykumar Bhurke, who bought a two-wheeler from a popular brand, last year, was appalled when his bike failed to start in early Nov. They took almost one-and-a-half months to fix the issue, causing me major hassles. I bought the bike for Rs 1.2 lakh. If my experience with the company went sour, why would I encourage my friends and acquaintances to opt for an electric vehicle, he asked. Sachin Mahajan, state president of Federation of Automobile Dealers Associations (FADA), told TOI that the biggest problem was due to the subsidy given to EVs. In April 2024, the subsidy given to EVs by govt was reduced from Rs 55,000 to Rs 10,000. This resulted in the price of EVs shooting up. Between April and Aug, the EV market plummeted as dealers as well as customers were perplexed, Mahajan told. Charging EVs was another issue that led to the drop, Mahajan said. Traffic jam and lack of infrastructure too have contributed. Too much traffic on the road is resulting in major traffic jams. I have heard from EV owners that they had to switch off the engine and AC and sit it out in the heat to avoid running out of charge. There is a serious lack of charging infrastructure. They are almost non-existent. While the Centre has schemes, they are not being implemented due to red tape, he added. Sunil Chacco, president (L&D) of Joy e-bikes, blamed it on factors such as after-sale service concerns of certain brands and negative publicity on social media about battery safety                        

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code