Future of Electric Vehicle in India
in 2014, the British multinational oil and gas company announced ” The World has 53.3 years of oil left at the current rate of production” which means there is a need for an alternative resource to run the motorized mobility. Electric Vehicle is the future of India or just an alternative to traditional vehicle. let’s understand –
World Oil consumption grew by 0.9 million barrels per day (b/d), or 0.9% and Oil is a nonrenewable Source on the Earth. Nonrenewable Energy resources, like coal, nuclear, oil, and natural gas, are available in limited supplies. so, we as, the country need to look for an alternative to Oil.
Some of the Oil alternatives are propane, natural gas, electric hybrids, hydrogen fuel cells, and biodiesel. as Fuel vehicles are the major contribution to Global Warming and Pollution.
“When fossil fuels are burned, they release large amounts of carbon dioxide, a greenhouse gas, into the air. Greenhouse gases trap heat in our atmosphere, causing global warming (1)”
How Much does burning Fossil Fuels Contribute to Global Warming?
CO2 Contributes 65% of the Greenhouse Gas Emission –
An average passenger vehicle emits about 4.6 metric tons of carbon dioxide a year. and the only transportation sector contributes 29% of all greenhouse gases. and 91% of American households own at least one car. that’s a lot of pollution.
Read More – Start EV Charging Station Business in India
Now we have to find something that will work even when there is a fuel shortage and will not affect the environment in any way. So what is the solution?
The Solution is electric Vehicles also called “EVs” Electric vehicle industry is a boon to developing countries like India.
“Electric Vehicles help with better air quality, reduced noise pollution, enhanced energy security and in combination with a low carbon power generation mix, reduced greenhouse gas emissions.”
Why Electric Vehicles are in News?
The electric vehicle market in the world is booming in recent times. And every automobile company wants to adopt a complete Electrical Vehicle environment. so, Why electric vehicles are suddenly in the news and every Government is trying to promote them.
Why Electric Vehicles Market is Booming in India
Niti Aayog and Rocky Mountain Institute India report on electric vehicle (Download Report PDF).
This Report serves three primary purposes:
1. Establishes a vision for the future of India’s mobility system.
2. Describes a prioritized set of near-term solutions designed to capture this vision.
3. Defines a change model to support rapid scaling and deployment of solutions
Mobilizing Electric Vehicle Financing in India
- Need of 19.7 Lakh investment for electric vehicles, to establish charging infrastructure and batteries.
- The financing of electric vehicles in 2030 will have a market of 50 billion.
- Obstacles associated with EVS electric vehicle: Financing technology cost, non-availability of infrastructure, and consumer behavior
- To solve these selections, the report marked a toolkit of 10 solutions.
Here is the report – EV report_Final
During the research, I found the best infographics which carried all these details, I would like to show you this infographic-
Types of Electric Vehicles and their Variants
Electric vehicles: Vehicles that run with their own batteries or any external electricity, but not biofuel fuels. It is powered by an electric motor rather than an internal combustion engine that generates electricity by igniting a mixture of fuel and gases.
There are three main types of Electric Vehicle are:
- Battery Electric Vehicle (BEVs)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
Battery Electric Vehicle
BEVs- This is a fully electric vehicle that runs only on battery charging. this one operates on an electric Battery.
Plug-in Hybrid Electric Vehicle
PHEVs- this is a special type of hybrid car In which a petrol or diesel engine is connected to an electric motor and a large battery.
Hybrid Electric Vehicle
HEVs: Due to the help of electricity and petrol/diesel, the batteries in them can be charged with the help of an external source. The battery in it keeps recharging through the braking system of the car. Which is also called the “Regenerative technique”.
Benefits of Electric Vehicle & Fuel Cells Vehicle
The first and foremost benefit of an Electric vehicle to the environment is that this vehicle is not an emission of any kind. These vehicles do not have to be maintained very quickly and they also do not generate any kind of noise. The cost used to charge an electric vehicle is 25% less than petrol.
Read More: Why Should you Buy an Electric Vehicle in India?
It can be easily charged at home and it is not necessary to go to the charging station.
Fuel Self Electric Vehicle (FCEVs): Hydrogen is used to drive electric motors in these types of vehicles. Electricity is created by the electrochemical process, taking oxygen from stored hydrogen and air; Water comes out as a by-product.
Fuel Self Electric Vehicles (FCEVs) have fuel processing and their ability to make the same distance as conventional cars and trucks.
Government initiative for Electric Vehicles in India?
- To promote charging points, they were included in the category of service. No license is required to set up a charging station in India.
- In Budget 2019-20, an additional income tax exemption of up to Rs 15 lakh was announced for the purchase of an electric vehicle.
- The government has reduced the GST rate on Electric vehicles in India.
Read More: Indian Government Initiatives for EVs in India
Challenges Towards Adopting the Environment of Electric Vehicles-
- Lack of infrastructure; The facilities for charging an electric vehicle are very useful.
- Once charged, the maximum distance allowed is reduced or limited.
- Adequate number of charging stations
- The vehicle takes longer to charge
- If you use fast charging, it will be charged quickly but a fast-charging station takes a long time to install.
- Electric vehicles have a higher demand than conventional vehicles. but Electric production is less compared to conventional vehicles.
- Dependence on countries such as China for small auto parts used in making electric vehicles.
- Matching the cost of subsidized imported batteries through local manufacturing units will not be easy.
Things to Improve Before Adopting EV Environment in India
- Emphasis on developing more affordable and next-generation battery technologies
- Focus on increasing the charging infrastructure: Fast charging station is also needed. So that, within a few minutes the discharged battery can be fully charged.
- Research and development work on fast charge batteries is important in time.
- There is a greater need for an uninterrupted supply of metals required for electric vehicle manufacturing.
- Vehicle mechanics should be trained for the repair, modification, and maintenance of the electric vehicle.
As we have been through this article on all the benefits of electric vehicles and how the electric vehicles market is booming in India. And consider their huge advantages over internal combustion engines or fuel vehicles. EVs have a bright future in India as well as the globe.
Future of Electric Vehicle in India: India will reduce carbon emissions and the boom in the electric vehicles market will attract global automobile leaders to invest in India as a result, it will create more jobs for Indians and contribute to the Indian economy at a large scale.
India is on its way to “Go Electric Go Green”