Electric Vehicle Future in India – Progress Till 2024

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Electric vehicles are getting popular day by day because of their cost-effective and environment-friendly nature. Motor vehicle manufacturers are investing billions of dollars in the research and development of their electric vehicle programs. In India, the government is promoting the usage of electric vehicles in daily life. Indian Government is offering various subsidies, and discounts in new electric vehicle registrations to promote environment-friendly means of transportation. In this article, we will talk about the Electric Vehicle Future in India

Electric Vehicle Future in India

Types of Electric Vehicles Available in India

Types of Electric Vehicles Available in India

A vehicle that is powered by electricity rather than an internal combustion engine is known as an electric vehicle or EV in popular terms. Electric vehicle uses electric motors to propel the vehicle and the motor of EV is powered by electricity stored in onboard batteries. In India EVs are getting popular day by day, and many globally reputed vehicle manufacturers are investing billions of dollars in India to set up their electric vehicle manufacturing plants in India. Multiple types of Electric vehicles are being introduced in the Indian market like

  • Battery Electric Vehicles (BEVs)- BEVs are fully electric vehicles that run completely on electric power which is stored onboard batteries. These vehicles produce zero carbon and smoke emissions from their tailpipe. These vehicles are charged by plugging them into an electric power source. The running cost per kilometer of these vehicles is much lower as compared to internal combustion engine-powered vehicles. The popular examples of electric vehicles available in India is Tata Nexon EV, MG ZS EV, Hyundai Kona Electric, Mahindra XUV 300 EV, BYD E6, KIA EV6, etc
  • Electric Two-Wheelers– Electric scooters and motorcycles are becoming popular in India on a daily basis for urban commuting. The running cost of electric two-wheelers is almost a quarter in comparison to petrol engine two-wheelers. Many Chinese brands are introducing their electric two-wheelers in India but buyers prefer and trust Indian brands like OLA, Ather Energy, TVS, Bajaj, Vida, and Hero. All these Indian two-wheeler manufacturers launched their electric two-wheelers in the Indian market.
  • Electric Three-Wheelers– Electric rickshaws popularly known as e-rickshaws and electric auto-rickshaws gained popularity as last-mile transportation solutions in urban and rural Indian markets. Previously this market of electric three-wheelers is captured by Chinese manufacturers but now many Indian brands like Bajaj, Atul, Kinetic, and Mahindra have launched their own electric three-wheelers.
  • Electric Buses– The public transportation authority of many Indian metro and semi-metro cities has introduced electric buses for public transportation to reduce emissions and improve urban air quality. These environment-friendly electric buses are now also used for intercity commutes.
  • Electric Commercial Vehicles– Electric mini trucks and vans are used for commercial purposes, including last-mile delivery and logistics. Mahindra and Tata Motors are the top companies producing electric commercial vehicles in India. The Tata Ace EV is one of the best selling electric mini trucks in India.
Electric Vehicle Future in India

Challenges of Electric Vehicle Transition in India

The Indian government is promoting use of electric vehicle actively and effectively through multiple initiatives and incentives to faster the process of electric vehicles adoption in India. But still there are multiple challenges which are faced by EV manufacturers as well as end users.

  • High Initial Cost– We all know that electric vehicles are more expensive than vehicles with typical internal combustion engine (ICE). R&D process of EV is in early stage therefore cost of batteries is much higher. The operational costs of EVs are lower in the long run but the high price of electric vehicle will affect the price-sensitive consumers from adopting EVs.
  • Limited EV Charging Infrastructure In India– in India still there is a lack of convenient EV charging stations and infrastructure, especially in rural areas and on highways. A robust EV charging network is important for the widespread adoption of electric vehicles.
  • Limited Driving Range– Low and limited driving range of electric vehicles will de-motivate potential buyers to adopt EVs. Lower-cost electric vehicles provide a very short driving range as compared to traditional internal combustion engine (ICE) vehicles, therefore it affects and deters buyers like fleets owners, taxi drivers and long-range drivers from adopting EVs.
  • Charging Time– Charging an electric vehicle generally takes too much time as compared to filling up the fuel tank of a conventional vehicle. Meanwhile, fast-charging stations are rectifying this problem but still the charging time is still longer compared to refueling with petrol or diesel.
  • Electricity Generation– In India a significant portion of electricity is generated from thermal power plants that use coal therefore the overall carbon footprint of EVs is not as low as in countries with cleaner electricity sources.
  • Battery Degradation– The lithium-ion batteries are commonly used in electric vehicles and the performance of these batteries degrades over time. Additionally replacing or disposing of these batteries can be expensive and challenging for the environment.
  • Lacks of Awareness– Many potential consumers are still not fully aware of the benefits of EVs. These buyers have misconceptions about the suitability of electric vehicles for Indian roads and Indian conditions. It is very important to educate people about EVs by Educational campaigns, awareness programs etc.
  • Resale Value– Indian buyers are very price sensitive and the resale values of EVs are much lower as compared to traditional vehicles because EVs is still in the developing phase and concerns about battery degradation impact the resale value of EVs.
  • Government Policies– We know that the government is actively promoting electric vehicles but the existing government incentives and policies are not consistent, effective, and enough. For widespread adoption of electric vehicles, the Indian government needs to create clear, long-term policies and incentives that motivate consumers and manufacturers to invest in EVs.
Advantages of Adopting Electric Vehicles in India

Advantages of Adopting Electric Vehicles in India

The adoption of electric vehicles (EVs) in India will offer multiple significant benefits for both the country and its residents. The adoption of electric vehicle in India will positively affect India economically, environmentally and socially. Here are some of the key benefits of electric vehicles in India

  • Reduced Air Pollution– Mass adoption of electric vehicles will help to reduce local air pollution. This is very important for air quality index of India, where most of the metro cities are facing severe air quality issues.
  • Lower Greenhouse Gas Emissions– Electric vehicles produce less greenhouse gas emissions as compared to traditional ICE vehicles, especially when charged with electricity sourced from renewable sources.
  • Lower Operating Costs– Electricity is typically cheaper than gasoline or diesel, resulting in lower operating costs for EV owners. Additionally, EVs have fewer moving parts, leading to reduced maintenance expenses.
  • Noise Reduction– EVs are very quieter when operated as compared to traditional vehicles. Therefore widespread adoption of electric vehicles will contribute to reduced noise pollution in densely populated urban areas.
  • Reduced Oil Imports– The widespread adoption of electric vehicles in India will help to reduce the oil dependency and Indian oil import from foreign countries.
  • Reduced Health Risks– Improved air quality due to less carbon emissions from EVs will result in lower health issues like respiratory and cardiovascular diseases.
India EV manufacturers

Electric Vehicle Future in India

EV Adoption In our country

We know that adoption and development of electric vehicle is still in adolescence phase. Still users are not fully satisfied with the performance of electric vehicle but we believe that the future of EVs in India is bright. Apart from extreme operational and manufacturing challenges the global automotive industry is still shifting towards electrification and this electrification will surely impact the Indian market. Major automakers are investing billions of dollars in EV production and development. Hopefully they will introduce a wider range of electric vehicle models in India with long driving range at less maintenance cost. The Indian government is actively promoting use of electric vehicles through multiple policies, subsidies and incentives. The government-funded schemes like FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) provides subsidies and incentives for electric vehicle. Multiple state governments also provides discount on registration charges to promote the usage of electric vehicle. The Indian government has also set ambitious targets for the electrification of the transportation sector. With increased adoption of electric vehicle the price of electric vehicle will definitely go down. The development of advanced and improved battery technologies will plays a crucial and effective role in EV performance, range, and affordability for shaping the future of EVs in India.

Our Final Words

As per the Union Minister of India Nitin Gadkari, it is estimated that by the year 2030, India will cross the mark of 1 Crore EV Sales. The availability and accessibility of charging infrastructure is very necessary for the mainstream adoption of electric vehicles and for Electric Vehicle Future in India. We can predict that in future Investment in charging infrastructure, including fast chargers will also help in crafting the future of electrical in India. We predict that those days are not far away when the electric vehicles are being used in ride-sharing and last-mile delivery services and boosting the demand for EVs.

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