Ola Electric vehicles weak, Ola withdraws EVs from the market

Center vigilance regarding safety standards of Electric Vehicles (EVs); 3 manufacturing companies recall electric vehicles

New Delhi, dated 02-08-2022

As per the information received from the Ministry of Road Transport and Highways (MoRTH), an expert committee with independent experts from DRDO, Indian Institute of Science (IISC) Bengaluru and Naval Science and Technology Laboratory (NSTL) Visakhapatnam to address the related issues recently was formed. For the safety of electric vehicles.

The following manufacturers have recalled vehicles:

Okinawa has recalled 3215 units of vehicles on April 16, 2022.
Pure EV has recalled 2000 units of vehicles as on April 21, 2022.
Ola Electric has recalled 1441 units of vehicles on 23rd April, 2022.
As specified in Rule 126 of the Central Motor Vehicles Rules, 1989, the components of the EV are tested as per relevant standards to ensure compliance.

This information was given by the Minister of State for Heavy Industries, Shri Krishna Pal Gurjar in a written reply to a question in the Lok Sabha today.

The sales of Electric Vehicles (EVs) in the state of Gujarat have grown by 200 per cent till July this year as compared to last year. Electric vehicle sales stood at 9,917 from January to December 2021, but 30,000 vehicles were sold in the first half of 2022. Ahmedabad city sold 5,458 EVs this year, compared to 429 EVs sold between January and July last year.

Electric vehicle sales in Gujarat have touched 6,000 per month this year. Similar trend has been seen across the country. Electric vehicle sales across the country have grown from 28,000 vehicles per month to over 70,000.

More than 77,000 EVs were sold in March 2022, down from 72,000 in April.

People mostly buy electric vehicles to move around the city and the surrounding areas. Higher petrol prices and subsidies encouraged the purchase of electric vehicles. The total share of electric vehicles in the two-wheeler and car segment has increased from just 0.83% in 2021 to 4.59% in 2021.

The sales of EVs (mainly two-wheelers) in the country are growing at a rate of 25 to 35 per cent on a monthly basis due to high petrol prices. According to the website Vehicle Dashboard, 3311 EVs were sold in the country in May 2021. Which had crossed the 50 thousand mark by December 2021. Later in January, sales declined slightly.

Electric vehicle sales to grow: The 18 billion electric vehicle market by 2027 is expected to grow at an annual rate of 26 percent by 2020-2023. After this, the target is to electrify all new vehicles by 2032.
The country’s automotive electronics market is expected to reach a level of $18 billion by 2027. According to a report, the total sales of automotive electronics in 2020 was 6 billion. Given this, total sales are expected to triple by 2027.

Electric vehicles growth stalled due to fire incidents, sales fall in April.