Question

As per the Economic Times report, dated April 11, 2023
"Electric Vehicle sales cross 10 Lakh mark in financial year 2022-23."

Analyse the likely impacts of this news on Gross Domestic Product (GDP) and Welfare. 

Answer 1

1. Since large sales will result in more electric vehicles being produced in India, there will be a positive impact on the GDP and general well-being of the nation.
2. Furthermore, since electric vehicles don't burn fossil fuels, they won't create dangerous chemicals like carbon monoxide and sulphur dioxide, which will reduce pollution emissions.
3. As a result, the increase in sales of these cars will have a positive effect and improve well-being.