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Sunday, 10 April 2022 10:00

How Electric Vehicles Will Shape the Future of Transportation Industry in India?

Written by Kinetic Green Vehicles Read 272 times
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Over the last two months, India's petrol and diesel...

Over the last two months, India's petrol and diesel prices and pollution levels in metros have been at an all-time high. So, the question arises—Does electric vehicles will shape the future of the transportation industry in India?

The Indian government wants to promote EVs, so there are several tax benefits, including a 5% GST rate, almost eight times less than any traditional vehicle. In addition to reducing emissions, electric vehicles also have the potential to help reduce our reliance on crude oil and its consumption.

Electric Vehicles and India

Following the Paris climate agreement, a global movement toward electric vehicles (EVs) is taking hold. The reduction of carbon emissions is one of the main goals of the agreement, which aims to mitigate the effects of global warming.

Today, the rapid growth in the uptake of electric vehicles (EVs) is the defining characteristic of the global electric mobility revolution. At the moment, about 20% of all cars on the market are powered by electricity. The global demand for electric vehicles is being fueled by several factors, including the declining costs of batteries and the rising performance efficiencies of electric vehicles.

India’s Support for EVs

India is one of the few countries in the world that backs the global EV30@30 campaign. The primary objective of this campaign is to have 30% of all new cars sold in the country be electric by 2030.

"Panchamrit," India's five-part plan to fight climate change, was a big topic at the COP26 in Glasgow. At the Glasgow summit, India promoted many ideas, including the use of renewable energy to meet half of India's energy requirements, a cut in carbon emissions of one billion tonnes by the year 2030, and an aim to achieve net-zero emissions by the year 2070.

Government Initiatives for EVs

The Indian government has taken a number of steps to develop and promote the country's electric vehicle (EV) ecosystem, including the following:

  • The remodelled Faster Adoption and Manufacturing of Electric Vehicles (FAME II) scheme
  • Production-Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) for the supplier side
  • The recently launched PLI scheme for Auto and Automotive Components for manufacturers of electric vehicles.

Why Electric Is The Future?

The following is a list of some of the reasons why electric vehicles are poised to make a big impact within the industry of automobiles and completely change the face of transportation:

Environment-Friendly:

The fact that electric vehicles have no negative impact on the environment is unquestionably the most compelling argument in favour of owning one. These vehicles are ideally suited for use in urban areas because, in addition to lowering noise levels, they help to maintain the natural make-up of the air. They have a zero-emission rate (even hybrid cars have a carbon footprint).

Cost-effective Transportation:

Electric cars are completely charged by the electricity you provide, eliminating the need to purchase petroleum or diesel. As the cost of fuel rises, driving a gasoline-powered vehicle can wreak havoc on your wallet. The average Indian spends over 75,000 rupees annually on fuel, which could be avoided with electric vehicles. Even though electricity isn't free, driving an electric car saves you a lot of money over conventional vehicles.

Safe to Drive:

The same fitness and testing procedures are used for electric cars as they are for other types of fuel-powered vehicles. In the event of an accident, the airbags will deploy and the battery's power will be cut. This could save your life and the lives of other passengers in the car.

Low Maintenance:

Lubrication is no longer required because there is no combustion engine. When compared to a combustion engine powered by gasoline or diesel, an electric motor has fewer moving parts and fluids (oil and transmission fluid), so it requires less regular maintenance. This has also reduced the cost of maintaining these vehicles.

Summary

Not only are electric cars simple to operate, but they are also urgently required in light of the accelerating damage being done to the natural environment. It's possible that we'll see a greater number of electric vehicles like that operating on Indian roads in the years to come as well.

When it comes to the widespread use of electric vehicles, cutting-edge, integrated solutions have taken centre stage. Kinetic Green has the vision to expand EV implementations for all and electrify the country by introducing reliable and intelligent products that redefine the market.

Last modified on Monday, 27 June 2022 13:15