Electric Vehicles play a vital role in environmental pollution. In India, environmental pollution has nearly reached critical levels.
India is ranked among the top five countries in the Climate Risk Index 2020, indicating vulnerability to climate change.
As a result, it appears that there are no other choices except to adopt e-mobility. To address environmental concerns, the Indian government has chosen to encourage electric vehicles (EVs) to minimize pollution.
However, according to Castrol’s research, new car buyers will not purchase electric vehicles until 2030 due to various issues. One of the most important aspects is proper infrastructure.
Regardless of the drawbacks of utilizing and marketing electric vehicles on Indian roads, the total number of electric cars on Indian roads will reach almost 100 million in 2030, up from less than half a million in 2020.
The Origins of Electric Vehicles (EVs)-
The origins of electric vehicles (EVs) may be traced back to the mid-nineteenth century.
Nyos Jedlik devised a new sort of electric motor in 1828. He built a miniature model vehicle that his new engine could power.
Robert Anderson, a Scottish discoverer, discovered a primitive electric vehicle between 1832 and 1839.
Professor Sibrandus Stratingh of Groningen, the Netherlands, and his German colleague Christopher Becker, constructed a small-scale electric vehicle powered by non-rechargeable primary cells in 1835.
The vehicular land speed arrived in about 1900, though its origins stretch back to the nineteenth century. Initially, the rate of electric battery-powered automobiles was far less than that of internal combustion engine vehicles. As a result, consumers will be uninterested in electric cars.
However, by the twenty-first century, the situation had altered. People have begun to be concerned about the pollution, harmful gas emissions, and other environmental disasters caused by hydrocarbon-fueled vehicles.
Situation Right Now:
EVs have been gaining popularity outside of public transportation since 2010. The most astonishing figure is that, by September 2016, almost 1 million electric vehicles had been delivered worldwide. This was a watershed moment in the global adoption of electric automobiles.
The rate of adoption was so rapid that by 2019, over 4.8 million automobiles had been sold, and by 2020, it had surpassed 10 million. As the cost of batteries fell by 73 per cent since 2010, electric cars began to accelerate their growth. The next ten years are expected to be the decade of electric automobiles.
Reference: Guide on Electric Cars
Electric vehicles’ market share in India:
Electric cars production is getting increasingly popular, and its market share is anticipated to grow significantly. India’s GDP is expected to increase by 25% by 2022.
The most significant part is that, in addition to lowering pollution, EVs can reduce oil imports by $60 billion by 2030.
Currently, imports account for 82 per cent of India’s oil needs. As a result, it is clear how advantageous it will be for the Indian economy if the import cost is lowered.
The cost of electric vehicles’ gasoline:
Surprisingly, the cost of electric vehicles’ fuel can be as low as 1.1Rs/km. Consequently, while driving every 5000 miles in an EV, the entire price is lowered by around Rs 20,000.
It will also cut vehicle emissions, which would otherwise result in a 3% annual GDP loss.
Stocks of India’s Top Electric Vehicles Manufacturers:
As the electric vehicle industry in India grows at a rapid pace, automobile and motorcycle manufacturers are increasingly attracted to producing more electric cars.
- Mahindra Electric is a company that produces electric vehicles. Mahindra Electric is a pioneer in the electric vehicle sector. In 2001, they had their first electric vehicle. Mahindra Electric’s popular EV versions include the Mahindra E20 and e-Verito.
- Tata Motors is a company that produces automobiles. Tata Motors is a well-known company in the Indian automotive sector for producing cars for personal use, public transportation, and other uses. Still, it is new to the EV category. Tata Motors’ popular EVs include the Tigor EV, Nano EV, and Tiago electric versions. Tata, on the other hand, has concentrated on passenger vehicles and electric buses. The demand for automobiles in this sector is anticipated to reach four lakhs shortly.
- Hyundai-Hyundai has dominated the EV industry in India with the debut of the Kona EV. Hyundai’s electric vehicles are expected to go 452 kilometres on a single charge. It addresses the question that all automobile enthusiasts in India have: “What is the mileage given?” However, the vehicle is expected to enter the market in the next two to three years.
- Leyland, Ashok-Ashok Leyland has designed buses and trucks to meet the needs of Indian roads. They’ve launched the iBUS and introduced battery swapping to India and running cars, including the Circuit, HYBUS, and Electric Euro 6 Truck.
“TESLA”-Is it a BUZZ or a REALITY?
According to Nitin Gadkari, Minister of Road Transport and Highways, Government of India, Tesla will debut Tesla vehicles in India in 2021. By the end of 2022, the Indian government hopes to have installed 175 GW of renewable energy capacity.
This comprises ten gigawatts of bioenergy, one hundred gigawatts of solar power, five gigawatts of hydropower, and sixty gigawatts of wind power.
At the United Nations Climate Action Summit, India’s Prime Minister Narendra Modi said that the renewable energy target would be increased to 450 GW by 2030 from 175 GW by 2022.
With these considerations in mind, it’s obvious why the government is promoting electric cars, which use fewer nonrenewable energy sources, rather than focusing on battery charge and emission-free transportation.
So, in these circumstances, TESLA automobile advertising in India is viable for Elon Musk’s American firm.
The Benefits of Using Electric Vehicles:
The environmental friendliness of EVs is the crucial reason that makes them the victor in the automobile business.
1: First and foremost–
Electric automobiles can significantly reduce air pollution in large Indian areas. These automobiles utilize batteries instead of internal combustion engines, which produce no pollutants.
These cars also help to reduce noise pollution by emitting little or no sound.
2: Lower Operational Costs–
Electric vehicles are projected to save around 75-80% on fuel costs. EVs features 75 per cent fewer moving components than regular automobiles, resulting in a lower maintenance expense.
3: A significant sum of money was saved–
As India’s government pushes for greater use of electric vehicles, various incentives and tax breaks are provided to entice more consumers.
Disadvantages of Using Electric Vehicles:
Expensive EVs are a little more costly since they have reduced maintenance expenses. Nevertheless, the repair prices rise because the parts are small and in short supply in the Indian terrain.
1: Issues with the infrastructure-
The context in which electric vehicles are supposed to function is not ideal. There aren’t enough battery charging stations, auto repair shops, or even manufacturing plants in India.
More car owners are likely to gravitate toward buying EVs as adequate infrastructure is eventually created.
2: Service after the sale–
Because electric vehicles have yet to gain traction in India, after-sales service is lacking compared to traditional gasoline and diesel vehicles.
3: The roads are in bad shape–
Because India’s roads are in bad condition, automobiles have a shorter lifespan. Drivers must also be well-trained and alert when operating these vehicles.
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