Percent: Percent Today and Manufacturing Sales

percent: Prime Minister Narendra Modi's government has set a target of electric vehicles making up 30 percent of new sales of cars and two-wheelers by 2030 from less than 1 percent today, according to The Japan Times. But its efforts to convince carmakers to produce electric vehicles have flopped mainly because of no clear policy to incentivize local manufacturing and sales, lack of public charging infrastructure and the high cost of batteries. Gore's electric scooter, built by Indian startup Okinawa, runs for about 100-120 km 60-75 miles on a single charge, which costs the sugarcane farmer less than 10 percent of the 150 rupees 2.15 he would otherwise have spent on fuel for the same distance. ; I bought it to save money, said Gore, who paid 75,000 rupees 1,077 for the scooter and expects to recover the cost in two to three years in terms of savings on petrol and maintenance. Cost-conscious two-wheeler buyers like Gore might be a better bet. The potential is huge. It would also open up a new market for global companies like Japan's Yamaha Motor and Suzuki Motor that are drawing up initial plans to launch electric scooters and motorcycles in the country. (news.financializer.com). As reported in the news.

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