With Environment conscious Telanganaites increasingly shifting gears to adopt green mobility, the number of electric vehicles (EVs) in the states is on the rise. And nowhere is this rapid shift more visible than in the states IT hub and capital Hyderabad.
As per data provided by theTelanganatransport department, as many as 68,872 EVs or battery-operated vehicles were sold in the state between February 2, 2021, to May 31, 2023.
Of these, 50,825 EVs were sold in the Greater Hyderabad (GHMC) districts Hyderabad, Medchal,RangaReddy and Sangareddy — and the rest were sold in the non-GHMC districts. As of March 31, 2023, Telangana had over 1.54 crore registered vehicles, as per the Telangana transport department website.
A recent CBRE report said, Telangana, which already has two wheeler and e-bus manufacturing units as well as EV battery manufacturing, currently accounts for 7% of total EV manufacturing Investment of $28 billion announced in the country in the 2020-H12023 period. Players such as Olectra, BILITI, PureEV, ETO, among others are already manufacturing EVs in the state.
More investments are set to pour in with the Telangana government already announcing plans to set up the Telangana Mobility Valley (TMV) in and around Hyderabad with an EV research and manufacturing cluster.