All you need to know about electric vehicles revolution in India
With Government making all measures to entice the private players to shoulder the burden of developing the Infrastructure needed for the soft launch of Electric vehicles in India, electric vehicles manufacturing is gaining pace in India. Government is expecting to soft-launch the electric vehicles in India by 2018 thus pulling its vision to reduce the carbon emission by 1 gigaton by 2030.
Why is there a sudden spike in the interest of the Government to launch Electric Vehicles in India?
One of the questions which is surfaced is How the government be able to bear the power load of Electric Charging stations at such a massive scale, when they have heavy shortage of power across PAN India? The electricity coverage is trending at 81% and as a nation India is yet to supply electricity to villages and small towns across the subcontinent, as people are still deprived of basic electricity to be utilized for their domestic wellbeing. On the other hand, Agriculture in India, which still needs to be electrified, is still hopeful for some infrastructural changes from the Government end. Amidst the existing crisis of electricity in India why suddenly the Government is looking to build charging stations and pumping in policies to drive electric vehicles in India?
A brief peek into the Power Generation and Utilization in India
The answer to this could be analyzed in the view of the prevailing party system and forthcoming elections Or the government is seriously thinking of curbing the existing environmental pollution caused through automobile pollution? Government has to add some announcements reaping benefits globally to be able to impact the elections and thus ensuring its win as its second term. And if go by the later, with the metros getting overcrowded and expected to have 500 Mn trips each month, it is imperative to action the launch of EV’s in India.
With India moving speedily as the top Startup destination, it is essential to keep the innovation chasm burning, so that the new age economic growth also adds to the overall development of the nation. However much of the population still strives for the basic amenities like food, clean water, electricity and roads!
Impact on Environment
In one of the recent reports by FICCI and Rocky Mountain Institute report titled ‘Enabling India’s Transition to Electric Mobility’ (released by Union Minister for Road Transport and Highways Nitin Gadkari at a conference) brings forth the point that “in the passenger vehicle sector, the country’s shift to shared, electric and connected mobility could help save up to $300 Bn (INR 20 Lakh Cr) in oil imports and nearly 1 gigaton of carbon dioxide emissions by 2030”
The report further states that “Estimates indicate that India’s urban population will nearly double in the next decade to approximately 600 Mn in 2030 and forecasts suggest that by then India’s urban population will take almost 500 Mn trips per day. While this rapid growth presents major policy and business challenges for India’s public and private sectors, respectively, it also presents an enormous economic opportunity. Optimizing e-mobility use for everyday life with greater thrust on use of public transport, e-vehicles, metro solutions and shared rides as means for mass transit could also prove game-changers in addressing the issue of air pollution in urban areas.”
Electric Vehicles Market in India
With the initiatives that the government is holding with the private players in India, it is expected that more than 46 Mn electric vehicles, including – two-, three- and four-wheelers, could be sold by 2030.
According to the study, “sales of four-wheel EVs is expected to exceed that of internal combustion engines (ICEs) by 2027. In the three years after that, electric car and other four-wheelers will touch the 16 Mn mark in sales. By 2030, there will likely be an equal split between ICEs and EVs in India.”
To achieve the desired goal, the government have to scale battery manufacturing and quickly achieve economies of scale. Apart from the manufacturing aspect, new technologies like Battery swapping, a technology that promises lower upfront cost of EVs and also complements conventional EV charging stations, needs to be introduced as well.
Private players look forward to encase this opportunity
Indian players like Mahindra and Maruti Suzuki have already started their production of Electric Vehicles in India, while Tata is looking to put across its much hyped yet not so successful model Nano as its first range of EVs in India.
Other international players like Tesla, Honda and Toyota are yet to plan their EV’s roadmap for India. These International Players have already researched and had successfully manufactured EV’s back at their innovation labs but are still taking time to customize them to Indian context.
Keywords: Electric Vehicles in India, Maruti Suzuki, Toyota, Honda, Tesla, Rocky Mountain Institute, FICCI, Nano, Tata, Electric Vehicles
Tags: Maruti Suzuki, Electric Vehicles, Tesla, Startups
E link:
http://www.thestartupmojo.com/mahindra-is-coming-into-taxi-aggregator-business-with-electric-cars/
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