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Assessing the success of E-Car India –Delhi vs World

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Assessing the success of E-Car India –Delhi vs World
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  International Journal of Research in Economics and Social Sciences (IJRESS) Available online at: http://euroasiapub.org   Vol. 7 Issue 12, December- 2017 ISSN(o): 2249-7382 | Impact Factor: 6.939 | International Journal of Research in Economics & Social Sciences   Email:- editorijrim@gmail.com, http://www.euroasiapub.org   (An open access scholarly, peer-reviewed, interdisciplinary, monthly, and fully refereed journals.)   85    Assessing the success of E-Car )ndia –Delhi vs World   Gaurav Gupta  , Research Scholar, UPES Dehradun     Dr. Rajesh Gupta  , Associate Professor, UPES Dehradun   Dr. S. Selvam, Associate Professor, NPT)-Southern Region    Abstract:   Car has become one of the preferred mode of transportation and facilitate the society by providing autonomy and liberty of mobility over the last so many years which leads to tremendous growth in number of )CE car in the world. But oil scarcity and pollution emission by the )CE car is a major threat for the )CE technology and this technology cannot be seen as a preferred mode of transportation in future. Keeping this in mind many countries in the world aggressively making strategies for the adoption e-vehicles and ditch petrol, diesel and gasoline vehicles. )ndia has also announced to replace all )CE car by E car by the end of . As Delhi is one of the most polluted city of the world and has maximum number of )CE cars in )ndia so adoption of e car in Delhi will surely reduce the pollution thus improved health and reduce the dependency on imported oil thus controlling fiscal deficit. This paper is basically a detailed study for the adoption status of E car )ndia - Delhi vs world. Key words: Transportation, )CE car, Oil scarcity, Technology, Adoption, E car   )ntroduction:   Due to potential benefits of E car in terms of oil scarcity and zero emission as compare to )CE Car many countries want to adopt the electric car as a preferred mode of transportation as compare to )CE car. )ndia, Norway, Britain and many other countries all wholly want to transformed from )CE car to Green car. The official target set by various countries for the adoption of Electric car is discussed below.   India:  India, which suffers from an especially acute air quality problem, is home to many of the world's most polluted cities. It also imports more than 80 % of crude oil. As per the government every vehicle sold in the country should be powered by electricity by 2030. Britain: In 2040 Britain will stop the sales of any ICE car to clean up the country air. By 2050, all cars on the road will need to have zero emissions.  )nternational Journal of Research in Economics and Social Sciences )JRESS   Vol. 7 Issue 12, December- 2017, )SSNo: - | )mpact Factor:   .   International Journal of Research in Economics & Social Sciences   Email:- editorijrim@gmail.com, http://www.euroasiapub.org   (An open access scholarly, peer-reviewed, interdisciplinary, monthly, and fully refereed journal)   86   France:  France government also decided to end selling ICE cars by 2040 to support global warming. After that they will only allow environment friendly car which uses electricity as a fuel or some other cleaner fuel. Norway: Norway is leading the world in e car market. About 40% of all cars sold in the country last year were electric or hybrid vehicles. Norway government is quiet ahead for the adoption of E Car they  have a clear target for the adoption of E car. All new passenger cars and vans sold in 2025 should be zero-emission vehicles. China –  It is the biggest E Car market which buys more cars than any other country. China accounts for more than 40% of the electric cars sold in the world and more than double the number sold in the U.S., according to the IEA. The others:  Japan, Netherlands, Austria, Denmark, Germany, Ireland, Portugal, Korea and Spain have also set official targets for electric car sales according to the International Energy Agency. The United States doesn't have a federal policy, but at least eight states have set out goals. Source: CNNMoney (London)First published July 26, 2017 Source: http://money.cnn.com/2017/07/26/autos/countries-that-are-banning-gas-cars-for-electric/index.html Countries with maximum number of E car adoption Almost 95% of the of E -car sold worldwide are in just ten countries: These countries are China, the United States, Canada, Japan, and the six leading European countries Norway, the Netherlands, the United Kingdom, France, Germany, and Sweden. China was the largest electric market in the year 2016. with 336 thousand new electric cars registered. Electric car sales in China were more than double the amount in the United States, where 2016 electric car registrations recovered to 160 thousand units after a slight drop in the previous year. Worldwide mostly adopted E Car Models As of December , the world's top selling highway legal all-electric car in history is the   Nissan Leaf    with global sales of over , units, followed by the   Tesla Model S   with more than , units delivered worldwide.   Ranking next are the   BMW i   with about , units, and the   Renault Zoe   with , units, both through December . Until June  the Mitsubishi i-MiEV  family ranked fifth with about , units delivered globally.   Worldwide Market Share of E car:   )n terms of electric car market share in the year , six countries cross above  %  of their PLDV sales.  )nternational Journal of Research in Economics and Social Sciences )JRESS   Vol. 7 Issue 12, December- 2017, )SSNo: - | )mpact Factor:   .   International Journal of Research in Economics & Social Sciences   Email:- editorijrim@gmail.com, http://www.euroasiapub.org   (An open access scholarly, peer-reviewed, interdisciplinary, monthly, and fully refereed journal)   87   Norway was the leader and secure number  position with a  % market share because of favorable policy environment and, large range of incentives from tax breaks and exemptions to waivers on road tolls and ferry fee.   Netherland stands at second position with a .% electric car market share and Sweden stands with a .% share. China, France and the United Kingdom all had electric car market shares close to .%. )n , China was by far the largest electric car market, accounting for more than % of the electric cars sold in the world and more than double the amount sold in the United States. Until , the United States accounted for the largest portion of the global electric car stock. )n , China became the country with the largest electric car stock, with about a third of the global total.   European countries   The main European countries related to E car adoption are Norway, Neither land, United Kingdom, Sweden, France and Germany. )n  three quarter of the total car sold were BEV and only one quarter were P(EVs in France. )n contrast, in the Netherlands, Sweden and the United Kingdom, the majority of electric cars registered in  were P(EVs. )n Japan, Norway on average, electric car sales were more equally split between BEVs and P(EVs    Asian Countries   The main Asian countries related to E car adoption are China, Japan, Russia and )ndia. )n  three quarter of the total car sold were BEV and only one quarter were P(EVs in China.   Rest of world   )n the rest of the world, on average, electric car sales were more equally split between BEVs and P(EVs.   Source: Global EV outlook     )nternational Journal of Research in Economics and Social Sciences )JRESS   Vol. 7 Issue 12, December- 2017, )SSNo: - | )mpact Factor:   .   International Journal of Research in Economics & Social Sciences   Email:- editorijrim@gmail.com, http://www.euroasiapub.org   (An open access scholarly, peer-reviewed, interdisciplinary, monthly, and fully refereed journal)   88   Detailed Analysis of E car sales in world Worldwide E car stock The global electric car stock surpassed  million units in  after crossing the  million vehicle threshold in . But it is only . % of total PLDVs in circulation worldwide.  % of the total global stock is hold by top five countries and top ten countries holds  % of stock similar to E Car Sales.   China and the United States make up % of the global electric car stock. European countries, combined, account for most of the rest, representing % of the global total. China surpassed the United States in  in total electric car stock, becoming the country with the most EVs on its road network. This evolution is primarily due to China’s rapidly growing BEV market, where BEVs have continued to dominate over P(EVs. The global BEV stock has experienced a higher annual growth rate than that of P(EVs since . )n , BEVs grew by %, while P(EVs grew by %. The narrative changes if China is not considered: when excluding China, the growth rate of the global P(EV stock has been higher than for BEVs since , with only the exception of . As in the case of sales, different countries have different characteristics.   The electric car stock in China, France and Norway is primarily composed of BEVs. The Netherlands is clearly the country with the largest share of P(EVs in its stock, at % of the total. A third group of countries, including Canada and the United States, have a fairly even distribution of P(EV and BEVs in their stock.    )nternational Journal of Research in Economics and Social Sciences )JRESS   Vol. 7 Issue 12, December- 2017, )SSNo: - | )mpact Factor:   .   International Journal of Research in Economics & Social Sciences   Email:- editorijrim@gmail.com, http://www.euroasiapub.org   (An open access scholarly, peer-reviewed, interdisciplinary, monthly, and fully refereed journal)   89   Source: Global EV outlook    Growth is Accelerating   The sales of Plug in Volume have increased by almost more than thrice since . And if it continuing on the same growth rate of  % would mean  out of  cars sold in  would be Plug-ins. Unbelievable today, but not impossible to happen. The world   picture shows   that the global market crossed the % market share this year, but in some markets, it is already   far above   that like: Norway had  % plug-in share, Netherland .% share and Sweden around . %.   Source: EV Volume.com  
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