Electric vehicles are the new move towards a sustainable tomorrow. as the current status of still being worked on. It might be the revolutionising change we all have waited for.
The future holds a lot in store for electric vehicles to flourish into the Indian market and help in bringing in the much-needed consciousness about the atmosphere’s pollution faced in the city’s all over India and the rest of the globe.
The change from our predominant dependence on fossil fuels is one to look after as it contributes to global warming and India has taken an oath at the Paris submit to fight climate change so,
The future of EV’s appears to be promising in India as it decides to become one of the largest hubs of EV’s as the market around the world coupled over 4,000 units in 2021 to boom by 30,000 more units in the coming year.
India is one of the countries to gulp over the upcoming, crucial shift to EV’s by dispensing ICT vehicles of more than 10-year-old models to scarp garages.
This makes India in an aligned line with UK, Germany, and France to meet the necessary shift to EV’s by 2050.
Not only this the future of EV’s will bring in cheap commuting costs, maintaining costs compared to ICT’s (internal combustion engines).
which illuminates prospects that would make 20 percent of vehicles sold in 2025 EVs’s and 2040 EV’s will have dominated the market so that every new car sold around the world in 2040 will be an EV as stated by UBS,
India will grow its GDP by 25 percent by bringing the initiative of E-mobility in the automotive industry, that’s the reason why the rapid action by state and center level authority came in acceptance of the shift and hence, allowed EV’s to surface on roads today.
Let us know what currently Indian automotive companies have to offer to their citizens in the range of EV’s.
Electric vehicles available on road in India 2021
Today, the density of EV’s on the road is slowly taking up in number as companies like Tata, Mahindra, Audi, and Mercedez Benz have given their input in making EV’s available to the population of India.
The accessibility of its range according to a budget has been a concerning issue as most of the EV’s are way too expensive for a middle-class family in India, But Tata’s Nexon and Mahendra Everito has made that possible for a few of the higher middle class to afford.
Tesla has also started to surface in India but the current taxes made on imports have made it difficult for the majority to afford.
Infrastructure for EV’s in India
India’s infrastructure for EVs is lacking, as about 69,000 petrol pumps offer electric charging stations today with the increasing awareness of pollution control, the government is increasing the EV infrastructure.
In the next few years, the government has promised to provide monetary aid to companies by making an institution to fund electrical vehicles for commercial and private transportation.
The monetary support from the government will create a new industry, which might mean a new job market for people with a passion for EVs.
Solar energy may soon power EV charging stations, which makes sustainability a constant agenda for the government and support domestic EV manufacturers.
As even the Indian Institute of technology is working on an alternative for the technology that is currently in use in EVs in India.
Infrastructure for Electric vehicles has been one of the main disadvantages that group discussions or normal conversations end upon as we need greater acceptability of EVs across India.
Let us know what are the key infrastructure issues we face according to the bureau of energy and efficiency under the ministry of power of the government of India.
They claim that the key part of the infrastructure is the need for widespread charging facilities to bring EVs as the majority in the automotive industry.
And for this reason, the ministry has made guidelines and standards for state level and central level to hasten the development of EV charging stations across the country.
Not even 1 percent of sales are being contributed to EVs in India as of 2021 and the paradigm shift has led to establishing its basic foundation, so it becomes tomorrow’s norm.
Government Schemes for EV’s in India
As they say, When the old meets the new it takes time for credibility to take place, that is the case with EV’s and ICT’s in India. Every ordinary citizen finds ICT’s more convenient in their ways be it its price or availability in different ranges.
To make change possible for a better tomorrow, here are government schemes that promote the use of EV’s across the Country.
- FAME – Brought under the Department of heavy industries , fame stands for faster adoption and manufacturing of hybrid electric vehicles. as a result, these schemes stands to incentives all india by providing the following
- Providing subsidy for two-wheelers of 15,000 rupees per kWh battery capacity
- Providing subsidy for four-wheelers of 10,000 rupees per kWh battery capacity
The ministry of finance has stepped in to provide EV owners more benefits under FAME 2, which may include:
- Ease of 5 per cent of GST on EV vehicles
- First-time buyers can take loans and get tax benefits of 1.5 lakhs under the income tax act.
states across India like Delhi, Gujrat, Meghalaya, Maharashtra, Rajasthan, Karnataka, Andhra Pradesh, and Telangana have taken initiatives by giving benefits for its citizens that adopt EV’s
The emphasis of Electric Vehicles today has many reasons behind it, whether it be political agenda’s or climate change issues, the future of electronic vehicles in India is one to look after as its critical foundation has been placed by the government
The Automotive industrial companies are the ones who majorly impact this electric vehicle drill as India has always been dependent on privatization for its productivity and its laid basic foundation has made it easier for them to deploy EVs at a rapid rate in its market.
The acceptance of EV’s in a niche of two-wheelers has shown how Ola’s EV scooters crossed 1,100 Cr in a matter of few days.
The penetration in the market has started to enfold and will bring in the necessary change for the New, Better, and Cleaner tomorrow our India aspires for.