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Future of electric vehicle in India.

Electric Vehicles are our new future. It won’t take much time to make a petrol/diesel vehicle a historical piece in the museum. Our PM Narendra Modi has seen a vision of having at least 30% of cars on the road run on electric energy instead of oils by 2030. Many new startups and big players like Hero, Tata Motors, Mahindra, Lohia, Ampere, etc. are working to achieve the goal to fulfill the dream. Currently, the adoption rate of electric vehicles is less than 1%, but from the last 2 years i.e., from 2018, the sales have geared up. 2-wheelers and 3-wheelers account for 90% of total electric vehicles running on roads. Even the Government has used electric buses in public transportation in a few cities that show our PM’s effort in promoting EV vehicles.

The Government has started an incentive program. Recently, Gujarat CM Vijay Rupani has declared the incentive program to boost 2-wheelers and 3-wheelers. State Govt. has also passed the bill for setting 100 charging stations in Gujarat’s fastest-growing cities. India has introduced the FAME II Policy, which shows India’s potential to become a global manufacturing hub.

Theoretically, this plan looks promising that we can comfortably attain the aim with minimal effort, but this comes with another set of problems. The Government faces so many problems while writing proper notification for EV cars as the battery is an evolving technology. Manufacturers face so many problems like costs, fast charging, range of the vehicle, and Govt. Law has many limitations, etc. Because of the lack of infrastructure and high pricing, the consumer hesitates to buy the EV car. According to the predictions, EV’s demand is more likely to grow by 70% in other segments than Passenger cars. Convincing the layman to purchase this instead of a petrol car would be difficult, but once the proper infrastructure is developed, it would be effortless to attract consumers because of the low maintenance cost, cheaper than petrol, and many others.

Talking about the numbers, in 2019, India had over 1200 charging stations, which is 4 times what we had in 2017. Another exciting number is that till March 2020, India has sold over 1.5 Lakhs EV vehicles. 

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