Today, our own countrymen are struggling because fuel prices in India are skyrocketing, making it difficult for a common man to spend a significant portion of his monthly income on paying to operate his vehicle. EVs could be a lifesaver in this situation.
EVs are vehicles that are far more cost-effective than traditional vehicles since they run on electric motors and have fewer moving parts, making maintenance easier. Electric vehicles consume no or very few fossil fuels (petrol, diesel), making them environmentally beneficial.
ENVIRONMENTAL IMPACTS OF EVs
We are the first generation to see the effects of climate change; environmental pollution is approaching our doorstep, and India is among the top five most polluted countries on the planet, making it more vulnerable to climate change.
For many years, automakers around the world have been trying to find new, better, and feasible alternatives to fossil fuels, as one of the leading causes of environmental degradation is the use of fuels, and it’s an alarming situation to switch from fossil fuels to an environmentally friendly alternative, and EVs is one of the most promising options, according to industry leaders, through which we could get one step closer to the pollution-free future.
FEATURES OFFERED BY EVs
The advantages of electric vehicles go much beyond environmental improvements; the concept of electric vehicles promises that it is far more technologically advanced, convenient, and simple than traditional automobiles.
Electric cars have lower operating costs than conventional cars, and in terms of fuel and maintenance, electric cars are 75 percent to 80% efficient, resulting in minimal maintenance costs. Autonomous driving capabilities, park assist cameras, high-resolution intelligent displays, and many other amenities are available in electric automobiles.
The Indian government is keen on broadening the electric car business and has shown a strong desire to manufacture and grow the sector.
EVs, AN ECONOMICAL WAY OF TRANSPORTATION
Fuel prices in India were boosted 75 times between April 1, 2020, and January 31, 2021, resulting in a rise in the use of electric vehicles in various Indian states. Many Indian cities are running e-rickshaws as public transportation and it has been more economical and eco-friendly.
The forerunners of this e-mobility have been Delhi and Kolkata, with almost 1 lakh e-rickshaws running across the city and this promotion is encouraging the private vehicle now. Faster Adoption and Manufacturing of (Hybrid) and Electric Cars (FAME) Schemes, as well as the National Electric Mobility Mission Plan (NEMMP), can be a significant step forward in India’s development of electric vehicles. Because of the constantly increasing demand for electric cars in India, bike and automobile manufacturers are continuously increasing the production of electric vehicles.
The automobile industry’s well-known names include Mahindra Electrics, Tata Motors, Hyundai, and Ashok Leyland. With its debut EV production in 2001, Mahindra Electrics has established itself as one of the leading electric vehicle producers, whilst Tata Motors is a newcomer to the electric vehicle market.
How can we avoid mentioning the name “Tesla” when discussing the merger of technology and the automotive industry? In the year 2021, Nitin Gadkari, India’s Minister of Road Transport and Highways, said that the American company Tesla will begin selling cars in India. However, the financial aid provided by the government to Indian enterprises is substantially higher, and this could result in local companies’ parts being produced at a lower cost than Tesla.
EVs INDUSTRY IN NEXT TEN YEARS
The Indian government is putting forth its best efforts to increase electric mobility in India, and, in response to the rising demand for electric vehicles, the world’s leading automakers are competing against one another by speeding up the production of electric vehicles in order to manufacture and supply a large number of electric vehicles.
There are a variety of factors, ranging from environmental to economic, that are increasing the number of potential buyers of electric vehicles. Because electric vehicles account for only 1% of total car sales in India, we can expect a significant diversification in the electric vehicle market in the coming years, with 100 percent electric vehicles on the road by 2030.