By The Indian Government has set a target to make Electric Vehicle Compulsory by the year 2030
With the Prices of Petrol and Diesel going up day by day the Demand and importance of Electric Vehicle in India are seeing a significant raise. The Electric Vehicles has no connection with Petrol and Diesel at all and that means it has ‘0’ emission and has no room for noise or air pollution.
People don’t need to worry about the rising fuel cost anymore as it runs at a very low cost of 0.80p/km. But, the biggest question is, can you find Electric Vehicle near your House or Office? the answer will be Big No and that’s why this article title read ‘What is the Future of Electric vehicle in India?’
The Indian Government has set a target to make Electric Vehicle Compulsory by the year 2030 but still, the government hadn’t made any progress towards being an Electric Vehicle nation. The most important thing is that Electric Vehicles could create a $300 Billion Domestic Battery Market by 2030.
Electric vehicle Challenges
The average price of a car in India is quite low, compared to other countries. The Affordable Car in India weather from Maruti, Tata is ruling the Indian market.
On the other hand, Electric cars as you know are highly-priced compared to their diesel or petrol counterparts due to which people are not interested in buying EV car. The Success of an Electric car Vehicle depends upon the right pricing of the car which should be under 10,000 USD Range of about 7 Lacks. Example – The Mahindra E Verito, easily costs 10 lacs for the full option variant and at this range, one can buy a better car or a Tata Nexon EV.
Right now Mahindra, TATA and Hyundai are manufacturing electric cars but those cars are far away from the affordable tag line. The EV in India doesn’t come in the budget of everyone especially Indian middle-class families.
India needs a budget electric vehicle like Hong Guang Mini EV which is selling in China at just Rs 3,50,000 ($4,500). The Hong Guang Mini EV claims to get 170 km (nearly 106 miles) per charge and could reach a top speed of 100 kmph that’s not bad at all for a Mini EV.
Another Challenge is that India does not have many electric car charging outlets so forget about the long drive. Although people are not aware that there are already more than 50 power outlets in Delhi and Banglore where you can charge your electric vehicles but then Small city has no Electric outlet at all.
Indian government already states that they are making 300 power outlets in Delhi itself which is more than petrol and diesel outlets. The Lithium-Ion battery which is required to run electric vehicles isn’t being produced in India. In fact, we don’t even have considerable Lithium reserves in India. And we would need it in huge masses. At present, we import it from countries like Bolivia, Chile and Argentina who got large reserves of lithium ores.
Government Subsidy
Hyundai Ioniq Electric Car at Auto Expo 2018 India
Indian Government Proposes a Goal of 15% Electric Vehicles in Five Years. As per the Sources, the government has decided to offer a direct subsidy of around Rs 1.4 lakhs for each Electric Car Sold in India. It could be as high as Rs 4 lakh for high-end electric cars. At the same time, the subsidy will be capped at 20 percent of the cost of the EV, those buying from Tata and Mahindra.
The Ministry of Finance has raised the subsidy on e-vehicles to 4,500 Cr under the FAME-II scheme from 700 Cr FAME–I Scheme.
The Government Energy Efficiency Services Ltd (EESL) in 2017 offered 1120 Cr to TATA Motors Ltd for manufacturing 10,000 electric cars. The cars will be delivered in two phases. 500 cars were delivered in November last year, out of which 150 were manufactured by Mahindra and Mahindra Ltd, and the rest 9,500 is expected to roll out in this year and the coming years. All of these cars are meant to replace the petrol and diesel cars owned by the government
Karnataka government approved Electric Vehicle Policy which target of the policy is to acquire investments worth 31,000 Cr from the private and public sector which consists of infrastructure for Electric Vehicle charging zones — in airports, railway stations, metros, etc.
Gujarat has introduced a new Electric Vehicle Policy 2021′, under which the state government will provide a subsidy of up to Rs 20,000 on electric two-wheelers, Rs 50,000 on electric three-wheelers and Rs 1.50 lakh on electric four-wheelers.
Bharat Energy Storage Technology is setting up the country’s first thermal battery plant in Andhra Pradesh. The plant will initially have an annual capacity of 1,000MW and will be ramped up to 10GW in the next six seven years.
Exide Industries and Sydney-based Ecoult are setting up a new lithium-ion battery manufacturing plant in East India named Ultra Battery.
Upcoming promising Electric Vehicles in India
If everything goes well, the Electric Vehicles Company will get benefit from Government Subsidy and will open the gate for Various Electric Cars in India which will result in reducing air pollution.
Nissan Leaf – If it is Electric Vehicle than it should be Nissan Leaf the most successful Electric Car on the planet. It is the Best Electric car money can buy because it’s the perfect blend of Power, Speed, Mileage, and Price. Nissan Leaf can go upto 243Km in a Single Charge which you can attain in 8 hours and 30 min Charge will help you to go 144Km with 147HP including 8 Years Warranty. The price starts from Rs 16 lakhs.
Tesla Model 3 – It can go upto 500Km in Single Charge with 250Km/hr than insane. With 30 min, it gets charged for up to 273 km range. Its price could start from 35 lakhs in India.
Audi e-Tron – Audi is soon going to launch its first all-electric SUV in India. Audi e-Tron has a range upto 441km on the Europe an WLTP driving cycle. The top speed of the vehicle is 190 kph.
You can also expect Electric Vehicle from Domestic Manufacture like – Mahindra New e-Verito, Tata Tiago EV, Nano EV and many more.
How to Encourage people to buy Electric Vehicle?
It is not that easy that people will Dump their Petrol & Diesel car for Electric Vehicle but eventually, it takes time but Government can encourage people to buy Electric Vehicle over the Petrol & Diesel Car with the Various policy like –
- First and Most important is that Government should allot Subsidies on Electric Vehicles which is likely to happen in coming days
- Public places like shopping malls, residential areas, commercial buildings, and offices should be ordered to reserve 10% parking space for e-vehicles with charging points for each of them.
- All the New Flats, Offices, and Buildings should be constructed with a dedicated charging point for e-Vehicles.
- Three-year free parking should be offered for e-vehicles. Besides this, toll waivers would be awarded further.
NITI AAYOG has accepted some of the clauses given above. Road transport minister, Nitin Gadkari already notified automakers in India to switch to environmentally friendly alternatives to petrol and diesel.
Electric Vehicles would partially solve the Air Pollution problem in India. If the government has to fully control & Reduce the air pollution in India then Government has to move on the road of generating clean energy. We cannot attain zero emissions until the source of electricity is not cleaned.
Most of the electric power is generated from coal and nuclear energy. So emission won’t directly come from cars, but rather from power plants. The government should move fully to Solar Power & Hydro-electrical Dam for producing the Green Electric Energy.
Do tell us about your thought in the comment section would you like to buy an Electric Vehicle in the future?
(The article has been updated on 24/06/2021 with new information)
