Future of Electric Vehicles in India

The global automakers have been juggling with finding new and sustainable alternatives to fossil fuels, since decades. The overall environmental degradation has not been a hidden consequence of burning fuels from the world. And now, the need to switch from fuels to other environmental-friendly alternatives is more than ever. The world has now joined hands together and pledged for a carbon-neutral world with zero carbon emission. Electric vehicles would be a key player to help achieve that goal. Countries like, The UK, France, Norway and Germany have even brought in legislation to ban the sales of non-electric vehicles as early as 2025. This makes the EV industry one of the most exciting, significant and necessary areas of innovation today.

Environmental pollution has reached almost the threshold level in India. As per the Climate Risk Index 2020, India ranks in the top 5, which means India is vulnerable to climatic changes. So, there seem no other options than to adopt e-vehicle.

To mitigate environmental issues, the Government of India decided to promote Electric Vehicles to reduce pollution.

The best part is that, apart from reducing environmental pollution, Electric Vehicles can lower oil import by about $60 Billion by 2030. Currently, 82% of the oil demand in India is fulfilled by import. So, it’s evident how much beneficial the Indian economy will be if this import cost is reduced.

Government initiative and push for EV in India

Going a step further towards its dream of electric mobility, Ministry of Power has already launched the National E-Mobility programme here in India and rolled out electric cars fleet including Mahindra e-Verito sedan and Tata Tigor EV as a part of this programme.

Nitin Gadkari, Union Minister for Road Transport & Highways along with R. K. Singh, the Union Minister of State (IC) for Power and New & Renewable Energy, launched the “Go Electric” Campaign to spread awareness on the benefits of e-mobility and EV Charging Infrastructure as well as electric cooking in India.

Government is implementing for the promotion of EVs in India with following benefits as below

  • Loans of approx. 1.5 Lakhs exemption for buying EV.
  • Five-year phased manufacturing program until 2024.
  • Reduced GST amount to only 5% compared to the regular cars’ 28%.
  • Customs duty exemption for importing EV parts.

Top EV Manufacturer in India

Seeing the EV market is growing exponentially in India, car and bike manufacturers are gradually inclined to manufacture more electric powered vehicles.

Tata Motors

 Tata Motors is comparatively new to the Electric Vehicle segments. Tata motors’ popular EVs are Nexon EV and Tigor EV and soon to be launched Altroz EV.

Nexon EV
Nexon EV

Hyundai Motors

Hyundai, with the launch of its Kona EV in India, has overwhelmed the EV market

Hyundai Kona
Hyundai Kona

Advantages of Using an Electric Vehicle

  • Lowest Operational Cost
  • Pollution Free Environment
  • Saving with Tax and subsidy by government.

Disadvantages of using Electric Vehicle

  • Costly
  • Infrastructure challenges i.e Charging station
  • Low range due to limitation in battery technology.
  • Post Sales services

Challenges Ahead

The Charging infrastructure for e-mobility is an area of concern. There are nearly 1500 odd charging stations for electric vehicles in India, where the population of vehicles on the road is sky-rocketing. The proportions are unrealistic and the apprehensions in the consumer’s mind are absolutely justified. Nobody wants to be stranded in the middle of a road and while waiting for a charging station to be installed there. Moreover, the battery charging system of an EV can take a couple of hours which can be another problem as well.

Bright Future for EVs in India

So, with time, we can expect the number to be growing to a great extent. By any chance, the Government of India plans to make 100% Electric vehicles on the road by 2030.

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