Electric vehicles (EVs) are the future of car manufacturing. The world has been facing many climate and climate change issues as it is a global issue, and sustainability has emerged as a viable answer for a secure future. The government is looking forward to setting up a sustainable solution. Here, EV (Electric Vehicle) comes into the picture as new technology and invention enable the journey towards a clean, green, and sustainable future.
Our country is on its way to meet its obligations under the Paris Agreement 2015, becoming the first G20 country to do this. India’s ability to meet its 2030 climate goals will depend on concerted efforts to produce sustainable energy and decrease greenhouse gas emissions.
The use of EVs has several benefits over conventional vehicles such as reduced noise pollution, lesser dependence on fossil fuels, reduced emissions, etc. In addition to this, EVs have lower maintenance costs and offer better acceleration than conventional vehicles despite their lower power output ratings due to the higher torque rating at all speeds compared with internal combustion engines (ICE).
Electric vehicles (EVs) have been around for some time now, but they have only recently begun to gain traction in India. The lack of charging infrastructure and high cost of EVs are some of the reasons that have held back their adoption in the country. However, with the government’s push towards an electric future, things seem to be changing for the better.
The government has announced a target of 6 million EVs by 2020, which includes both two-wheelers and four-wheelers. This is a significant increase from the current numbers of around 1,000 EVs reportedly running on Indian roads today!
The government also plans to establish charging stations in public places such as malls, airports and railway stations across India. This will help people who don’t have access to their own garage or driveway charge their vehicles at home instead of having to go out somewhere else to do so.
- Lower cost of ownership: The upfront cost of an electric vehicle (EV) may be higher than an internal combustion engine vehicle (ICEV), but due to lower maintenance costs, its total cost of ownership (TCO) is lower than that of ICEV over a 3-5 year period. In addition, electricity is much cheaper than petrol or diesel.
- Government incentives: It has been estimated that EVs would make up 2-3% of all cars sold by 2020 (the original target was 5%). For example, Mahindra & Mahindra offers a Rs 45,000 rebate on the purchase of its e2oPlus model in Delhi.
- Generation and storage technology growth: The generation and storage technology for EVs has seen tremendous growth over the last few years, resulting in better.
