Upcoming & Future Vehicle In India

Our Country India focus the next generation mobility has definitely taken on legs under the current government, the ‘National Electric Mobility Mission Plan (NEMMP) 2020’ was actually unveiled in 2013 under the previous Congress-led government. That puts into perspective the concerted efforts across the aisle for green mobility & electric cars. Then the country has been willing to adopt a 360-degree approach in order to turn into an EV nation.

In the month of December 2019 the Climate Risk Index 2020 released by the environment think tank Germanwatch India rank has worsened from the 14th spot in 2017 to 5th in 2018 in the global vulnerability ladder. The make it all the more reason for India to make electric cars & vehicles a priority in the fight against the reliance on fossil fuels.

These initial push was seen towards making two-wheelers & three-wheelers electric, the bigger need is for electric public transportation & cars. The existing challenges & ambiguity inherent in the sector, major auto manufacturers are now looking at this widely untapped sector with hope.

 

What Is An Electric Car?

The Electric car propelled the one or more electric motors using energy stored in rechargeable batteries, instead of burning petrol or diesel internally & exhausting fumes. These are broadly three kinds of electric cars at present:

  • Solar-powered electric cars & vehicles

  • Hybrid electric cars powered by a mix of internal combustion & batteries

  • Electric cars are on-board battery packs also known as battery electric vehicle (BEV)

  • Electric cars in the context of mobility & environmental conservation refer to battery electric vehicles, but may also refer to plug-in hybrid electric vehicles (PHEV)

The India context automobile manufacturers has announced electric four-wheelers such as Hyundai Kona Electric, Mahindra e-Verito, Mahindra e2o, Porsche Taycan, Tata Tigor EV 2019, MG ZS. Many more will be needed if India is to take meaningful steps towards becoming an EV-first nation.

Enthusiasm rising around the chances of Elon Musk’s Tesla launching in India in 2020, many local & global auto manufacturers arew start testing the water in the Indian market for electric cars.

 

The Advantages Of Electric Cars Over Fuel Cars

The fundament level electric cars offer a dramatically lower operating cost compared to conventional internal combustion engines.The average electric vehicles are 75-80% cheaper from fuel & maintenance perspective is an important consideration for many consumers who have high usage. The reality hold true across form factors because it materially cheaper to charge a battery compared to refuelling a conventional liquid fuel tank.

 

The Government Promote Electric Cars

Indian government is gaining for its goal of making 30% of Indian vehicle electric 2030. The steps taken in 2019 to promote electric vehicles in the country include:

  1. Special policy measures such as slashing GST on EVs to 5% versus 28% for combustion engines

  2. INR 1.5 lakh tax exemption to loans to buy electric vehicles

  3. INR 10K Cr allocated to FAME II to push electric mobility through standardisation

 

Union cabinet has proposed customs duty exemption on certain EV parts including electric drive assembly, onboard charger, e-compressor and a charging gun to cut down costs.To localise the value chain, cabinet outlayed a five-year phased manufacturing programme (PMP) until 2024.Nearly a dozen states either issued or proposed electric vehicle policies till date, with Delhi being the latest one.

Soon be pushing for setting up of bigger factories for battery manufacturing. Open to listening to new ideas and pushing them, so I encourage all founders to push the envelope,” Amitabh Kant, CEO, Niti Aayog, say recet.

The industry leader Inc42 spoke to highlighted more measures that are needed:

  • More incentives, tax cuts or rebates for every stakeholder in the mix, including the manufacturers & consumer

  • Facilitating access to capital both for R&D as well as manufacturing

  • Promotion of indigenous technology & capacity

  • Creating infrastructure supporting shared mobility

  • Offering a permit distribution for shared micromobility services as against a tendering system to open up the market

  • Promoting mobility-as-a-service using EVs

  • Phasing out ICE vehicles. For OEMs, 60% of new vehicles sold after April 1, 2025 should be zero-emission vehicles. This be applied in a gradual way leading to 60% by 2025.

  • Access to vehicle loans for EVs to the end-user at interest rates at par with normal vehicles even for new brands.

Subsidy manufactur for every aspect of an electric drivetrain will certainly improve the odds. Better researched go-to-market strategies by companies will ensure they can manage their rollouts in an amplified manner.

 

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  1. May 1, 2020

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