Electric Vehicles are creating a revolution! With huge investments and fast-paced technological developments to conserve nonrenewable energy sources and cut down on carbon emissions, EVs are here to impact human mobility. Many questions remain unanswered about the uprising of Electric Vehicles in the automobile market.
- Are they overpriced compared to conventional vehicles?
- What are the benefits of adopting electric mobility in cities?
- How is the government planning to phase out vehicles that use combustion engines?
Our story here has answers to your questions motivating you to be an owner of electric vehicle as a proud combatant against the climate crises.
Before we dwell on the questions let’s bring to you some interesting news. Did you know that Reliance acquired a UK-based company that pioneers in sodium-ion batteries for $135 million? This implies the forthcoming boom in the Electric Vehicle industry which relies a lot on such sources of energy for replacing fuel-powered mobility. India is witnessing a major transformation by introducing electric automobiles in various cities. Many small players in the market have encroached into this industry to get a bite of the projected exponential growth. Although not more than ten players are prominent, there are roughly a hundred firms involved in this industry. Well-known firms in the Indian automobile Industry such as Tata Motors, Ashok Leyland, Mahindra, Hyundai, Okinawa, and others are unravelling their technological expertise with not just two-wheelers but also cars, buses, and SUVs. The private players are penetrating the market to meet the government’s aim of having a dominant electric transport system by 2030.
Goals laid down by the government
With an average mileage of 300km per charge, Electric vehicles are now becoming a conscious decision of consumers for intra-city commutation. This adaptation is also gaining momentum because of the initiatives by the Indian government to go green by launching flagship schemes such as FAME with a budget allocation of 10000 crores spread over 3 years.
The goal is to achieve EV sales of 30% private cars, 70% commercial vehicles, and 80% two-wheelers.
How clean can your cities become?
Reduced carbon emissions are a big motive in shifting toward the use of EVs. Europe suggests that electric cars in the best scenario can emit 3 times less CO2 in comparison to Petrol cars.
Electrifying the taxis and buses is a massive step in impacting the air and sound pollution in city logistics. Ride-hailing companies such as Ola have announced their intention of rolling out a million vehicles on the road.
We wish good luck to the Mission Electric of Ola for striving to create an extraordinary impact on the daily transmit which is not only sustainable but also cost-effective.
Are EVs expensive to buy and maintain?
The prices of EVs have started to spiral down given the increasing number of players in the transmits as well as the tax and other financial benefits offered by the government to achieve the global objective of zero carbon emissions. Did you know EVs are exempt from road tax and registration costs in some states like Delhi? It sure makes a good pact between the government and the consumer.
Neither are the running costs, nor the maintenance costs a deterrent in the verdict of EVs vs. ICE cars.
Transport is a fundamental necessity and so is pure air and a sustainable environment. The paradigm shift from fuel-run vehicles toward battery-powered vehicles comes at a time when there is a sense of emergency to avoid further damage. Therefore, the steering wheel of this resolution compels a right turn towards a greener destination.