27 Sep '17, 11am

Electric cars about to be profitable, says India's Mahindra - Green Car Reports

Mahindra e2o Plus Enlarge Photo The market for electric cars continues to grow, but vehicles powered by fossil fuels remain dominant across the globe. Many analysts believe electric cars will reach price parity with vehicles powered by internal-combustion engines sometime within the next decade. Indian maker Mahindra, however, says its own small, limited-range electric cars are already on the brink of profitability today—and it plans to fully embrace battery-electric cars moving forward. DON'T MISS: India actually beat China to all-electric new-car pledge, targets 2030 As the business case for electric cars becomes clearer, Mahindra says government subsidies will not be necessary in the future. In fact, the Indian automaker says the coming electric-car revolution will be the industry's largest business opportunity in years, according to Bloomberg . "We’ve just been believe...

Full article: http://www.greencarreports.com/news/1112915_electric-cars...

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