THE FUTURE OF ELECTRIC CARS IN INDIA.| STARTUP ERA

So What Is An Electric Car?

For the uninitiated, an electric car is just a car propelled by one or more electric motors using energy stored in rechargeable batteries, instead of burning petrol or diesel internally and exhausting fumes. There are broadly three kinds of electric cars at present:

  1. Solar-powered electric cars and vehicles
  2. Hybrid electric cars powered by a mix of internal combustion and batteries 
  3. Electric cars with on-board battery packs also known as battery electric vehicle (BEV) 

What Are The Advantages Of Electric Cars Over Fuel Cars?

At a fundamental level, electric cars offer a dramatically lower operating cost compared to conventional internal combustion engines. On average, electric vehicles are 75-80% cheaper from fuel and maintenance perspective, which is an important consideration for many consumers who have high usage. This reality holds true across form factors because it’s materially cheaper to charge a battery compared to refuelling a conventional liquid fuel tank.

Moreover, EVs have 75-80% fewer moving components and this ultimately translates to a much lower maintenance bill. Over and above the robust operating cost angle, EVs also possess an inherent advantage when it comes to performance and driveability.

How Long Will The Switch To Electric Cars Take?

According to media reports, currently EV market penetration is only 1% of the total vehicle sales in India, and of that, 95% of sales are electric two-wheelers. While only 1,500 electric cars were sold for personal use between April and December 2019, electric two-wheeler sales under FAME crashed by 94% in the first six months of FY20.

“79% of all vehicles sold in India during 2018 were scooters. Once people see that the shift to 2 wheelers is not only silent and economic, this will create an impetus for the shift for cars. 2 wheelers occupy also lesser space and are small financial commitments in the beginning than cars and hence the shift will start here as India is a price-sensitive market,” said Aryan.

With the market being so volatile and lacking a sustainable demand, it is imperative to assess the time period India will take in switching to electric cars. But industry leaders are optimistic and believe that the shift will happen very soon owing to reasons such as the number of industry incumbents and startups making rapid and significant advancements in the EV segment, the growing demand and user interest and institutional interest. “We would like to believe that mass adoption will not take more than 5 years.

Charging station.

charging station, also called electric vehicle charging stationelectric recharging pointcharging pointcharge pointelectronic charging station (ECS), and electric vehicle supply equipment (EVSE), is a machine that supplies electric energy to charge plug-in electric vehicles—including carsneighborhood electric vehicles, trucks, buses and others.
India needs about 400,000 charging stations to meet the requirement for two million Electric Vehicles (EV) that could potentially ply on its roads by 2026, 
As per EV industry body – Society of Manufacturers of Electric Vehicles – there are 1,800 charging stations in India as of March 2021 for approximately 16,200 electric cars, including the fleet segment.

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