How Does The Future Looks For Electric Vehicles In India?

Currently, India lacks in the sustainable demand for e-vehicles. But due to the concerns of the climate, there has been an initial push in demand for e-vehicles recently with the government's initiative of made in India. Now our country is also focusing on the manufacturing of e-vehicles. The focus on producing the fastest electric motorcycle will pave the way into the market.

Challenges

• Manufacture

India is likely to face challenges in the manufacturing phase. The reason being the absence of integral material like lithium and cobalt. Hence this will prompt to import of materials from other countries. Depending on other countries for the supply of raw material will increase the cost.

• Cost

Because India has to depend on other countries to supply raw material, this will increase the cost of production.

• Infrastructure

Currently, India lacks the infrastructure to boost the demand for an e-vehicle. One of the reasons being the lack of charging stations, especially in remote areas. But the government, along with the private companies, are establishing as many charging stations as possible.

• Demand and Supply

Market penetration of e-vehicle is recorded to be 1% of the total vehicle sales in India. Due to the expensive range of e-vehicles in India, it has become difficult to generate demand. One of the ways to troubleshoot this problem is to produce cost-effective batteries. This will bring down the price of the final product.

Benefits

• No-Fuel

Petrol and diesel is an inelastic product. Vehicles have become an essential necessity in our lives for commuting. Thus the cost of running a conventional vehicle is more as compared to the e-vehicle. E-vehicle although is expensive to buy, but its running cost is meager.

• Energy-efficient

The degradation of the air quality in large cities is increasing at an alarming rate. Hence, the government is always coming up with a way to promote the sale of e-vehicles. An e-vehicle uses an electric motor. It runs on a battery, thus releasing zero emission into the atmosphere.

How to overcome the challenges facing the manufacturing of e-vehicles?

• Government

The advancement of civilization has been one of the factors in eroding air quality. Hence, government intervention to promote e-vehicle has become a necessity. To increase the demand government has provided owners of e-vehicles with the concession on tolls and exemption from road tax.

• Electric-vehicle campaign

The increase in the usage of e-rickshaws has encouraged a jump in E-vehicle sales. Resulting in the rise of demand for both personal and commercial usage. Thus to increase the awareness and demand for the e-vehicle, the Delhi government launched a 'switch Delhi campaign'. Campaigns like this in the future are sure to lead to the increased demand for e-vehicles.

Conclusion

There are a lot of challenges faced in the production and sales of e-vehicles. But India can overcome such barriers as we have seen from the rising demands of e-vehicles like XGT-CHARGE Smart Scooters.