The pollution caused by conventional vehicles adversely affects the ecosystem, nature, environment, and health of living beings. As a result of the depletion of fossil fuels, and pollution from IC engine vehicles, electric vehicles become a well-accepted mode of transportation. In this post, we discuss the electric vehicle market in India.
Advantages of electric mobility attract customers and manufacture towards electric vehicles. European and Chinese markets lead in electric vehicle production.
Vehicle manufacturers produce electric versions for the top end variants of their conventional vehicles also. Future of electric vehicles depends on many factors. Promising future of Electric Mobility tends manufactures more toward EV, HEV, and PHEV.
Electric vehicle market in India drags and the growth is not as fast as that in other countries.
The infrastructure that helps to grow the electric vehicles market lacks in India. Less charging stations, high initial cost, reduced number of manufacturers, less popularity are the disadvantages of EVs in India.
The scenario in the Indian Market
The effort of India to move on towards electric mobility drags due to lack of infrastructure development. Charging stations are a major challenge in the field of acquiring momentum in EV development. Public charging stations are less in number in India. The EV owner has to charge the vehicle using a home charging facility that might not be available always.
Energy Efficiency Services Limited, a government-owned organization which is responsible for energy efficiency improvements in India, had invited tender for electric vehicle production and got a cold response from the manufacturers.
Electric vehicle market in India would get a boost if the number of electric vehicle increases. Variety of models, high performing vehicles, low-cost vehicles, etc. are necessary to improve the Indian electric vehicle market.
Energy Efficiency Services Limited had tried to increase the number of public charging stations in India. The same slow response has been faced for tender of charging stations as well.
Aim of India to make all of the vehicles on road in 2030 be either fully electric or hybrid would be a tedious task if enough effort would not be put on infrastructure development and to attract more OEMs to manufacture EVs.