Electric Vehicles (EVs) are the new hot-selling commodity in the Indian economy. Everyone is betting big on it.
It is not batteries and motors, rather there are other factors that have driven this to happen: The first being pollution (in cities like Delhi). The second being oil prices which have risen steadily since 2000 making long drives costly. Thirdly, the cost of electric vehicles has now fallen bringing them within range of most people’s budget.
Now given the first-mover advantage over its peers, India is claiming to be ready with the infrastructure to support a mass shift towards EVs. But how prepared actually is India? Are we ready for such a paradigm shift?
To begin with, here are some key statistics: There were over 3M electric vehicles sold worldwide last year. In India, only 5800 EVs were sold in 2016 (and that number is on rise). The Indian government has an ambitious target of having 10% of all new cars running on electricity by 2020. It also wants to reduce oil imports and improve air quality resulting from vehicular emissions in major metropolitans. This explains why so many energy companies are betting big on the Electric Vehicle revolution.
And it’s not just about cars! Electric buses, trucks and other heavy machinery are gaining popularity too. As per this news report, energy companies like BPCL will be implementing their EV projects in India. Will it be a success?
Electric Vehicles will not just reduce pollution but also save Indian economy billions of dollars every year.
The very thought of driving an electric car is making heads turn both in India and abroad. Ever since India announced its plan to have only EVs on roads by 2030, there has been no turning back. Electric cars are slowly gaining popularity among Indian consumers too. Why? Because they can save them from the rising pollution levels in metropolitans like Delhi and Mumbai.
Even though electric vehicles have existed for some time now, most cost a fortune (a basic model is nearly $12000). But with that price barrier broken thanks to Tesla’s terrific Model 3 , it looks like more and more people will be driving EVs in next few years. We are living in times where everything can change overnight – even the way we move from one place to another! Well, at least this seems to be true when it comes to how India plans to shift towards only EVs by 2030. What does India need to do for this shift to happen?
Electric vehicles have been around for quite some time now. They have evolved so much over the years. The popular belief that batteries are too expensive and short-lived has also changed. This speaks volumes about how environmentally friendly and efficient EVs are becoming day by day. I have already mentioned previously that India’s pollution levels are pretty high. It is not just the air we breathe, but also water and soil contamination due to vehicular emissions as well as other factors.
Let us look at some facts about how EVs can help improve the situation: – On an average, a gas-powered car produces 20 times more CO2 than an electric vehicle (EV). So switching to EVs will definitely bring down India’s carbon footprint. – Lesser greenhouse gases mean lesser global warming which means lesser natural disasters like floods and droughts. This will save the Indian economy billions of dollars every year! – Electric vehicles are much better for health too; they don’t burn hydrocarbons or hydrocarbon derivatives like gasoline and diesel.
This cuts down on exposure to toxic fumes and particulate matter, causing fewer respiratory diseases along with cancers. – Electric vehicles are also less noisy than traditional cars because they don’t need fuel pumps or engine cooling fans. This will help reduce sensory pollution caused by vehicular noise in cities throughout India like Delhi, Mumbai etc. With electric vehicles becoming a big part of the Indian economy soon, it is important that we learn about them properly so as to welcome their implementation in the most effective way possible.
With recent developments in storage technology, batteries have become more lightweight and compact; thus making EVs more affordable too!
Even though EVs are expensive compared to (say) CNG cars, making them more affordable can be done by improving their supply chains and making them an integral part of government initiatives.
This will also help India’s Tier1 and Tier2 cities make the most efficient use of EVs right from the start rather than trying to promote it nationwide later on.
It is not surprising that India has set ambitious goals for itself when it comes to electric vehicles. But with proper preparation in place, India can achieve what many big countries are already doing. The future is bright indeed!