The Importance of Selling Electric Vehicles and Their Batteries Separately

The roads have been cleared for a surge in two- and three-wheeled electric vehicles (EVs). On August 12, the Ministry of Road Transport and Highways (MoRTH) published a notification allowing the sale and registration of EVs without batteries. The move is expected to increase their adoption rates by dropping the vehicles’ price. In fact, delinking batteries from EVs reduces the upfront purchase cost by 30-40%, making their price comparable to or lower than conventional internal-combustion-engine vehicles.