India is moving towards modernization. In terms of vehicles, the future of Electric Vehicles is quite prosperous. There are various reasons for the shift. As per World Air Quality Index, 22 of the World’s most polluted cities out of 30 are from India. This situation explains a lot why this shift is necessary. Another reason is increasing fuel prices which makes this shift more acceptable. As per the BASF report, the coming decade is expected to be a fully electric car. There is a reduction in battery prices by around 73% since the year 2010. For a foreseeable future, electric cars are a good start. The International Energy Agency cites that by 2025, around 70 million electric vehicles will ply the road.
What is an Electric Vehicle?
Electric Vehicles can be summed up by the following points:
The Arizona Corporation Commission (Commission) defines EVs as transportation vehicles that use electricity for propulsion.
● Plug-in-hybrid vehicles. There is a rechargeable battery, which drives the electric motors.
● The Energy department targets 4 trillin more population cities under EV Policy Initiative in the early stage of the Electric Vehicle Implementation plan. The next following stage will include national capitals, Union territories, main highways, and major cities.
● In 2020, The industry experts concluded that the inflection point for electric cars as the launch of vehicles at Auto Expo 2020 held in February 2020 is a milestone for the future market.
● The Auto Expo focused on future fuel for Indian transport, i.e. electric vehicles. All Major Industry players beginning with Maruti Suzuki, have created models and concepts for the arsenal.
Electric mobility in India
India is aspiring to reach the vision of 100% electric vehicles by 2030. However, to make this vision a reality, the government will have to make tremendous transformations from the base level. There is a requirement of taking steps like increasing the market penetration of EVs.
By 2030 India is aspiring to reach the vision of 100% Electric Vehicles. But the government’s will to make a complete transformation to EVs will require tremendous changes from the base level onwards. The base work to create an infrastructure for the development of EVs is the next thing.
EV adoption campaigns
Cities like Delhi and Kolkata are leading the concept of Electronic Mobility. The cities have promoted the use of e-rickshaws. There are approximately 1 lakh e-rickshaw on the streets of Delhi. Delhi has recently launched the ‘Switch Delhi’ Campaign with great results. This shows a good prospect for the EV Industry.
Let’s get into the pros and cons of e-vehicles:
- Environment friendly:
Electronic vehicles don’t leave a carbon footprint. These Vehicles are a good way to oblige the Paris Climate Agreement. India is one of the most polluted countries in the world. Electronic mobility is a good way to tackle the issue. Not only the air pollution, but they are also relatively quiet compared to IC engines. So, it has the power to tackle noise pollution too.
Electric Vehicles are now the most affordable since the beginning. Also, the operating cost, i.e cost of servicing, upkeep, and maintenance is also significantly low. Also, fuel is more expensive than electricity, which makes EVs cost-effective.
3. Tax benefits:
The government is taking steps to encourage the use of electronic vehicles. It grants reductions on motor taxes. Also, the government provides subsidies and other incentives to promote sustainability.
4. Low maintenance:
Compared to fuel cars, Electric vehicles require low maintenance. The battery and motor do not require regular service or attention.
5. Better Balance of Payments
An electric Vehicle Switch can reduce fuel consumption. As per Petroleum Planning and Analysis Cell, In the financial year 2019-2020, India imported crude oil worth 120 billion dollars. This is one of the major reasons for a negative balance of payments.
Fuel-powered vehicles come with good mileage, on the other hand, Electronic vehicles have shorter ranges. They currently are not appropriate for long drives.
2. Charging Stations:
To use Electronic Vehicles, accessibility to charging stations is a must. In India, it is not quite common, which makes it difficult to use electronic vehicles.
3. High Manufacturing Costs:
The inputs used in electric vehicles are mostly imported. It needed the manufacturing costs. This issue can be solved with local production or by improving technologies.
4. Heavy Investments:
Although, electric vehicles are made affordable, however, EVs are still expensive and need a heavy initial investment by buyers. Cutting the cost of production might solve the issue.
With the combined efforts of government and leading automobile industries, Electric Vehicles are the future. The manufacturers are ready to go the extra mile to make a switch from regular cars to electric cars. Although, auto accessories will keep remaining the same essential for both electric and non-electric vehicles. In India, we recommend MotorHunk.com – The best and largest online auto store for all car and bike accessories, It is also Auto Accessories manufacturers & importer in India.
Gyan Singh has been a passionate freelance content writer with over 6 years of writing
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