HomeIndiaElectric vehicle and Indian Economy: A perspectives on Transport sector in India

Electric vehicle and Indian Economy: A perspectives on Transport sector in India

 The electric car industry or the EV industry is growing in India. Local governments and governments have developed a number of programs to improve it. Other laws and standards are also designed for this. If we switch from IC (Internal Combustion) to an electric engine, it will be of great benefit to us. But on the other hand the high costs, the lack of renewable energy and the lack of rechargeable infrastructure are major challenges to it.

India launched ‘National Electric Mobility Mission Plan (NEMMP) 2020’ in 2013. Its purpose was to address issues such as national energy security, traffic pollution and the development of domestic production skills. Demonstrating his commitment to the Paris Agreement, the Indian government plans to bring major changes to Electric Vehicles (EVs) by 2030.

Transport network companies

E-commerce companies, Indian automakers such as Rewa Electric Car Company (RECC), and app-based transport network companies such as Ola are working to drive the adoption of electric vehicles over the next two decades.

India’s largest domestic taxi company Ola says that when we talk about the economic benefits of electric cars for customers, they will have to pay less than a third of the current tariff. Currently, more than 30 percent of the cost of using EV is affordable.

“Although electricity costs have fallen sharply since the introduction of the special EV tax in October 2018, it has not performed well from an economic point of view,” said a report by the company’s research unit, the Ola Mobility Institute.

The government has identified 7,738 MW of older hot power units to be replaced by 18,560 MW more energy efficient plants. Under the program, state power plants have identified 6,608 MW units to be upgraded. This will generate 16,580 MW of electricity. The medium-term infrastructure has set aside 1,130 MW for replacement which will create 1,980 MW of energy saving capacity.

But the solution to the problem is not so simple. According to a Bloomberg New Energy Finance report, there are approximately 350 EV chargers in India against 57,000 petrol pumps. Although China had more than two lakh charging points at the end of 2016.

Tata Power

According to Tata Power Delhi Distribution, a city like Delhi will need more than three lakh fast chargers by 2030. An EV with a daily commute of 30-40 km requires 6-8 kWh of power. According to the Center for Science and Research, if 80 percent of Indians use EVs, by 2030, India’s total energy needs will increase by 5 percent.

To manage this extra burden, make wise use of tax and pricing solutions with minimal network investment. In line with this, some special items should also be taken care of. The EV can be considered clean but if its power source is coal it means it is not a zero emission vehicle.

We must also keep in mind that with the promotion of EVs, reducing carbon emissions, improving plant efficiency, and periodic technological improvements. For the Indian energy sector to better develop and fully open the EV route in the country.

Advantages of electric vehicles in India

• Electric motors work 3-5 times better than internal combustion cars in power consumption. Even though electric vehicles are powered by fossil fuels, the efficiency of electric vehicles is high and pollution is low.

• India-related air quality indicators show that air in many Indian cities is no longer healthy. Car-related pollution has been one of the causes.

• India-related air quality indicators show that air in many Indian cities is no longer healthy. Car-related pollution has been one of the causes.

• People living in other cities in India are affected by noise pollution. Some cities in India have one of the highest levels of pollution in the world. Electric vehicles are very quiet and may contribute to reducing noise levels in cities. Electric cars have very few moving parts compared to cars with IC engines. So, they are simple, cheap and easy to care for.

• Electric motors can bring high torque at low speeds. As a result, electric vehicles bring much better performance when starting and on slopes than IC-powered vehicles.

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