The future challenges of India transitioning towards Electric Vehicles-EVs
One of the main topics of economic discussion is the slowdown of the automotive industry and the ripple effect it has towards the economy. Some say this is the perfect time to implement better policies and facilities for mainstream EVs. But, there is a lot to be desired for in such a vast populous country and any step should be taken with the overall good and development in mind. As more and more pressure is mounting on the country to reduce its CO2 emissions, India is left with a monumental task of efficiently transitioning to all-electric vehicles.
Current scenario: A Dream and a nightmare
Currently, India is one of the biggest automotive markets in the world with many of the top players bidding it as the future. More attention is given to the fact that more Indians can afford personal vehicles as the economy is a growth trajectory. Currently, Electric vehicles cost about twice as their counterparts and this is mainly due to the raw materials. EVs are costly to manufacture and the battery is considered to be the heart of the vehicle. Currently, the finance minister of India 2019, Nirmala Sitharaman has announced tax exemptions for the purchasers of Electric vehicles for 2019- 2020.
The gradual change to electric vehicles is bound to happen and many companies in India are resisting change. The advantages such as the clean emission and saving of ownership are evident from the data of more developed countries. The Indian government is giving an additional 5% tax exemptions and many other pushes to appeal users to purchase an EV. The future of electric vehicles in India is a matter to be well discussed and properly executed. Because as it stands Indian cities records alarming pollution levels that could be tackled with the help of electric vehicles.
Tough transition and tougher timeframes
The next major hurdle that is waiting for the automotive industry is to successfully implement and adopt electric vehicle on a large scale. The groundwork has been laid down but the turbulent profits and nonperformance of the industry as a whole raise doubts. India has given itself 10 years to become fully electric. That means by the year 2030, the majority of the vehicles operating in India would be electrically powered. This poses the biggest change in the Indian automotive industry in decades.
Another key concern is the dependence on other countries such as China for manufacturing and ancillaries. The drawbacks of electric vehicles manufacturing in other countries will have significant impacts on the economy. There could be thousands of jobs that are shipped overseas leading to unemployment in the industry. India has started taking steps but still is unmatched to china in price and performance. India’s task is to build and create all the subsystems required for an electric vehicle which can reduce dependency. As the internal combustion engine is becoming outdated and going away the way to future proof India is for automotive companies to start manufacturing and innovating in India.
Top electric car and bike players fighting to make a difference
As the transition progresses, many Indian manufacturers have already taken the first steps to kick start their electric vehicle journeys in India. They are introducing diverse and technology-driven solutions to the entire public marketplace. The top cars that are leading the race are Hyundai Kona, Mahindra E-Verito, Mahindra e2O, Tata Tigor EV 2019. Many more companies are designing and are set to showcase their EVs as the demand keeps on Increasing.
Scooter and motorcycles have also seen wide releases and some of them are already setting benchmarks. Bikes and scooters such as Ather, Hero electric, Revolt motors and more bring these two-wheelers at affordable rates to the mainstream users. Even though this is the initial stage, the eagerness of the manufactures and the growing demand tell an exciting story is set for the electric vehicle and the automotive industry.
Better manufacturing, batteries, and policies
Manufacturing and batteries seem to be the bottleneck that has been dwarfing the growth of the electric vehicle market. Currently, there are two choices, make in India or import. The reality of the situation lies in the fact that it is currently impossible to match the price of manufacturing units and batteries compared to importing them. Due to this many companies resort to importing as it is cheaper and faster. According to the data, about 90% of the parts in an electric scooter is from china as the Indian automotive industry relies heavily on them.
We can safely say that true progress will be made once we start making batteries and assembling electric vehicles in India. This process has begun but still is in the nascent stage of development.
India can hope to gradually and steadily increase the production and manufacturing until it can take it mainstream and get it accessible to the larger public. As the race is on to derive the next big battery technology, India sure is contesting for the top spot. Current as all things stay the same, India will cruise in towards a successful Electric vehicle society sooner than expected.
The Electrical vehicles everyone has been waiting for
Benefitting the user and the environment, electric vehicles are a sure replacement to the fossil fuel-powered internal combustion engines. The advantages are plenty and hype is real. Here are some of the ways Electric vehicle will change your life when you own it:
- Less cash, more miles: the cost of driving and maintenance of electric vehicles are considerably cheaper as compared to combustion engine one. They also give you more mileage and the flexibility to carry additional charging packs and batteries on the go.
- Lower emissions, greener environment: Electric vehicles cut down the harmful emission that we dispose of the air. EV produces less global warming gasses and pollutants as compared to their counterparts.
- Better, faster, safer: Electric vehicles offer you instant acceleration and response as compared to other engines. They can reach better top speeds, much faster and also is safer overall as there is no combustible liquid involved in the entire experience.
- Lowers your oil use: This one is a given, by using the electric vehicles you drastically reduce the dependence of petrol and diesel-powered engines. This gives you a cleaner experience and will change we experience cars in the future.
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