Missouri Paves the Way for Electric Vehicle Incentives
** The rise of an electric vehicle market in India, with emphasis on two- and three-wheelers
** Lessons Missouri can extract from India’s EV success
** The potential for Missouri to incentivize the EV market
The EV Surge in India: An Example to Follow
Lately, India has been experiencing an electric vehicle revolution, and shone brightly on the global stage. With over 2.3 million EVs, the South Asian powerhouse now boasts one of the fastest-growing EV markets in the world. Interestingly, the majority of these new-age vehicles are not sedans or SUVs, but rather two- and three-wheelers, accounting for more than 90% of India’s EV fleet.
Missouri Takes a Leaf Out of India’s EV Book
As the world progressively leans towards green transportation, lawmakers and entrepreneurs in Missouri are closely observing India’s successful example as a potentially adaptable model. For starters, an attention to two- and three-wheelers – which are popular for their affordability and nimbleness – could provide an exciting avenue for EV expansion. Naturally, this shift to smaller EVs would suit Missouri, a state already embellished with its share of motor bikers and tricycle riders.
Powering Up Financial Incentives
However, Missouri’s interest in India’s EV market goes beyond mere admiration. It sets a precedent and a pathway to incentivize the production and purchase of EVs in the state. Robust incentives would further encourage both manufacturers and consumers, enhancing the popularity of EVs and reinforcing Missouri’s commitment to environmentally friendly practices and sustainable development.
The Breezy Take
India’s success story in the realm of electric vehicles offers an insightful lesson for Missouri – capitalizing on the market for smaller, affordable EVs. By introducing significant incentives to encourage manufacturer and consumer engagement, the state could potentially supercharge its economy all while taking considerable strides towards green development. Nevertheless, a watchful approach is essential before jumping any big hurdles. After all, every promising prospect needs careful nurturing to truly electrify a market.
Original article: https://apnews.com/video/electric-vehicles-transportation-technology-india-bangalore-india-government-569b9cc4e8d54abab3bf3213d523f123