In India, where hotwire is illegal, the average car rental price is $600 per month, according to an analysis by the research firm CB Insights.
That is higher than the $200 that the average Indian household spends on electricity.
But as the country struggles to balance its burgeoning population and shrinking income, the shortage of electricity and hotwire car rentals are raising concerns.
India is a poor country that relies heavily on its energy resources and hotwired cars have become a huge part of its infrastructure.
This month, a state-run utility in Tamil Nadu launched a hotwired car rental service.
The company claims it will help the country’s electric car-owners with charging their cars and provide them with a home battery backup when the electricity supply is cut off.
“The car rental model will be very effective to address the crisis in electricity and will allow our customers to save money on electricity bills and have the option of charging their car from their own personal savings,” says Prashant Parekh, CEO of the utility, Tamil Nadu Electric Power Corporation.
According to a survey by the Indian Institute of Technology, only 7% of households in India have access to hotwired power.
Hotwire car reservations are also a way for Indian companies to attract investors.
The companies claim that the rental car will be cheaper than buying the vehicle outright.
The technology is a key driver of India’s growing e-commerce and e-mobility industries.
A 2015 report by McKinsey found that India’s e-mobile market is worth $100 billion, compared to $6 billion in the United States.
Companies like Tata Motors, Infosys and Aditya Birla are building hotwired infrastructure for India.
The government is also looking to create a hot-wired car network in the country, according the Times of India.
At the same time, the government is taking steps to make India a clean-energy superpower.
India is currently the second-largest producer of solar energy and is set to overtake the US as the world’s second-biggest solar power producer in 2020.
In June, Prime Minister Narendra Modi announced plans to double India’s renewable energy production by 2023.
The plan includes creating an entire solar energy network by 2030.
It also aims to provide 500 gigawatts of clean energy, and it will also create a clean energy-related company called the Solar Energy Corporation of India (SECI), which will become the largest solar energy company in the world.
There is also a push to expand renewable energy.
India has signed a pact with the European Union to build 500 gigawatt-hours of solar power capacity by 2025.
The new solar power plants are being built by private developers and will generate enough power for 2.3 million homes.