2030: India’s Electric Vehicle Deadline? Optimistic or Realistic?
2030: India’s Electric Vehicle Deadline? Optimistic or Realistic?
The Indian government in 2017 has decided to shift the focus of the
standard internal engine (ICE) to the electric vehicle (EV). The move was
originally intended to have 100% EVs on the road by 2030 but was later amended
to target the target of 30% independent electric vehicles. This goal however
falls within the scope of development especially in the EV infrastructure. To
achieve this goal and to encourage consumers, the government is also providing
a tax rebate on interest paid on loans amounting to Rs 1,50,000. A few
independent actors also took joint efforts to meet this vision. For example,
India-based taxi company Ola in Feb 2017, had flagged its Ola electric car
unit. Bajaj Motors began testing its three-wheeled electric vehicles and
introduced the Chetak as an independent 90-wheeler in India with a capacity of
90KM with a single charge. In addition to these giant cars, there are many
young players who have come forward to support the government in this program.
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Younger players also achieve this goal by introducing a variety of
products. Some of these are:
- Revolt, has unveiled its
150-wheeled electric bike with a capacity of 150Km running on a single
charge
- Ather Energy, the start of
EV, plans to set up a production facility capable of producing 1 lakh EVs
and aims to set up 6,500 Ather fast charging infrastructure nationwide.
Hero Motocorp, Tork Motor and Emflux motors are India's largest
traditional electric motorcycles. Next to this passenger car launch, there are
commercial EV startups as well as eBikeGo and Achiredo Technologies that build
e-scooters for marketing purposes such as food delivery and e-commerce
delivery. However, Vision 2030 is based on the establishment of a robust
infrastructure that charges electric vehicles in the country. In a country
where energy availability is a major challenge, meeting this 30% vision of the
EV target will require infrastructure overhaul to increase the production of
electric vehicles in the country and attract foreign manufacturers to lay the
foundation for the country. Currently the infrastructure is delayed in terms of
production and engineering. India is still lagging behind in the skills of
engineers in the EV sector and there are plans to focus on R&D but it will
take a long time to develop local R&D skills. Also, EVs require a non-powered
Li-ion battery at home. Subsequent introduction of Li-ion batteries will
increase costs that affect the consumer’s tendency to be used. India does not
have its Battery Management System (BMS) required for EVs for batteries to run
smoothly. India's biggest infrastructure challenge is the unavailability of
power charging stations in all commercial and residential areas. Overall, the
success of this campaign will depend entirely on the state of EV infrastructure
in the country. In assessing the current situation, it appears that we will not
be able to achieve this goal unless there is a collaborative approach by public
and private organizations to close the infrastructure gap.
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