Electric mobility is currently most discussed topic across the Indian automobile segment which is disrupting conventional ICs engine in many ways.
One side this transition is helping India to reduce fossil fuel import bill which is right now increasing day by day as vehicle population is increasing.
Same time EVs are solving our major problem of pollution by reducing the emission.
Its going to cheaper to operate EVs since you can charge it at home or if required at any commercial charging stations.
The moment we speak about EVs the first questions comes in mind where do I can refill/charge the batteries.
Charging infra availability is first and prime requirement for mass adoption of EVs across any country.
EVs can be charge in mostly 2 ways- slow charging which is mostly going to be done at home or work place where people can stay longer.
At fast charging stations mostly commercial one for quick juice to batteries of EVs.
You can use swap station as well to exchange your discharged battery to a fully charged EVs best suited for small size of batteries like for electric 2W & 3W.
Indian government has ambitious target to convert 30 % of total vehicle to EVs by 2030 however looking to current acceleration its expected to reach more than 40% .
With many report showing Indian may add 102 Million EVs by 2030 with EV Charging stations requirement of more than 3 Million density mix of AC & DC chargers.
Recent COP 26 declaration shows Indian commitment towards EVs and renewable and with more availability of renewable energy EVs will become more cheaper and operating cost of EVs will be lower than 1/3 of operating any ICs engine vehicle.
India could save 20 lakh crore worth money only by saving fuel import by 2030 with this adoption of EVs as targeted by government.
There are incentive available for EVs across India under FAME for purchasing as well developing charging infra.
Most of Indian states have already declared EV policy for faster adoption of EVs. But same time EVs are attracting huge investment as well generating employment opportunities.
Point to note that Indian EVs major driver are new age startups who are coming with many innovative ideas at whole EVs value chain. Its EV manufacturing , battery technology, motor side or BMS side or EV charging infra side you may witness many successful startups driving the game.
Large corporates are also bullish on EVs and they are also adding this to their portfolio.
EVs sales volumes are increasing day by day and even COVID has not impacted much on EVs momentum at India.
Electric mobility momentum is building across the globe and each country are coming with their target to convert their existing vehicle to EVs in nest 10-15 years to combat the global warming issue.
India currently well placed in EVs market with having all resources available to feed the demand of India as well global requirement for components of EV and that is where Indian government is pushing hard for local manufacturing of everything.
With this India has full capability to become manufacturing hubs for EVs and become world leader at EVs.
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