Home Industry News EV regns drop amid subsidy cuts and charging concerns – ET Auto

EV regns drop amid subsidy cuts and charging concerns – ET Auto

by Autobayng News Team
0 comments
banner
ev-regns-drop-amid-subsidy-cuts-and-charging-concerns-–-et-auto

PUNE: 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 TOI.

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”.

“A lack of transparency about future EV subsidies policy, no benefits in GST offered to EVs, and a lack of speedy charging stations are some reasons. However, there are certain EVs that don’t require any registration, and these are continuing to sell,” he said.

“,”next_sibling”:[{“msid”:117144421,”title”:”Rupee closes at nearly 86/$, falls for 10th week in row”,”entity_type”:”ARTICLE”,”link”:”/news/industry/rupee-closes-at-nearly-86/-falls-for-10th-week-in-row/117144421″,”link_next_mobile”:”/news/industry/rupee-closes-at-nearly-86/-falls-for-10th-week-in-row/117144421?next=1″,”category_name”:null,”category_name_seo”:”industry”}],”related_content”:[],”seoschemas”:false,”social_share”:{“fb”:”/news/industry/ev-regns-drop-amid-subsidy-cuts-and-charging-concerns/117144718?utm_source=facebook&utm_medium={{DEVICE_TYPE}}”,”x”:”/news/industry/ev-regns-drop-amid-subsidy-cuts-and-charging-concerns/117144718?utm_source=twitter&utm_medium={{DEVICE_TYPE}}”,”whatsapp”:”/news/industry/ev-regns-drop-amid-subsidy-cuts-and-charging-concerns/117144718?utm_source=wapp&utm_medium={{DEVICE_TYPE}}”,”linkdin”:”/news/industry/ev-regns-drop-amid-subsidy-cuts-and-charging-concerns/117144718?utm_source=linkedin&utm_medium={{DEVICE_TYPE}}”,”telegram”:”/news/industry/ev-regns-drop-amid-subsidy-cuts-and-charging-concerns/117144718?utm_source=telegram&utm_medium={{DEVICE_TYPE}}”,”copy”:”/news/industry/ev-regns-drop-amid-subsidy-cuts-and-charging-concerns/117144718?utm_source=copy&utm_medium={{DEVICE_TYPE}}”},”cat_msid”:25384693,”cat_sub_msid”:false,”msid”:117144718,”entity_type”:”ARTICLE”,”title”:”EV regns drop amid subsidy cuts and charging concerns”,”synopsis”:”In 2024, Maharashtra experienced a significant decline in electric vehicle registrations due to a substantial reduction in government subsidies, charging infrastructure concerns, and issues with after-sales service. The state’s reduction was 20%, with Pune and Pimpri Chinchwad facing even sharper declines of 32% and 37%, respectively.”,”titleseo”:”industry/ev-regns-drop-amid-subsidy-cuts-and-charging-concerns”,”status”:”ACTIVE”,”authors”:[{“author_name”:”Joy Sengupta”,”author_link”:”/author/479246506/joy-sengupta”,”author_api_link”:”/author/479246506″,”author_image”:””,”author_additional”:{“thumbsize”:false,”msid”:479246506,”author_name”:”Joy Sengupta”,”author_seo_name”:”Joy-Sengupta”,”designation”:”Journalist”,”agency”:false}}],”Alttitle”:{“minfo”:””},”artag”:”TNN”,”artdate”:”2025-01-11 14:55:51″,”lastupd”:”2025-01-11 14:56:50″,”breadcrumbTags”:[“EV registration decline”,”electric vehicle subsidy cuts”,”charging infrastructure issues”,”automobile dealers association”,”Pune electric vehicle market”],”secinfo”:{“seolocation”:”industry/ev-regns-drop-amid-subsidy-cuts-and-charging-concerns”}}” data-authors=”[” joy data-author-list=”Joy Sengupta” data-category-name=”Industry” data-category_id=”23″ data-cat_msid=”25384693″ data-date=”2025-01-11″ data-index=”article_1″ data-keywords=”EV registration decline, electric vehicle subsidy cuts, charging infrastructure issues, automobile dealers association, Pune electric vehicle market” data-type=”news”>

In 2024, Maharashtra experienced a significant decline in electric vehicle registrations due to a substantial reduction in government subsidies, charging infrastructure concerns, and issues with after-sales service. The state’s reduction was 20%, with Pune and Pimpri Chinchwad facing even sharper declines of 32% and 37%, respectively.

Joy Sengupta

PUNE: 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 TOI.

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”.

“A lack of transparency about future EV subsidies policy, no benefits in GST offered to EVs, and a lack of speedy charging stations are some reasons. However, there are certain EVs that don’t require any registration, and these are continuing to sell,” he said.

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Newsletter icon

banner

You may also like

Leave a Comment

About Us

Autobayng

Lorem ipsum dolor sit amet, consect etur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis..

Feature Posts

Newsletter

Subscribe to our Newsletter for new blog posts, tips & new photos. Let's stay updated!

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Adblock Detected

Please support us by disabling your AdBlocker extension from your browsers for our website.