Indian government has targeted to transform entire country from fuel based transportation to electric vehicle transportation by 2030. In two wheelers segment change has already been started as 4,50,000 electric vehicle sold in last eight years. Infraline points that potential is clearly visible in this section as 17 million fuels based two wheelers sold annually in the country as India is fifth largest auto market in the world.
One of the major moves to make country pollution free and to focus on green environment was to introduce BS-IV norms in India and strictly implemented it by 1 April 2017. As India has 2nd largest population in the world so time demands change and this is what road ministry in now working on. The initial step towards the Electrical Vehicle initiative was announced by the Minister of Road Transport and Highways and Shipping, Nitin Gadkari has launched India’s first electric taxi project in Nagpur in May 2017. Some companies are showing interest in this pilot project.
Companies like Hero Moto Corp, TVS, Bajaj Auto, Honda, Yamaha is already working to develop electric vehicle in India. TVS Moto Corp is specially putting a lot of focus in developing a hybrid vehicle, as the reason behind it is the lack of charging station in the country. The Government has promised to build infrastructure to tackle this concern but the time will decide the fruitfulness of the efforts made.
Key Highlights
•Demand of road transport is expected to increase radically in future. Two-wheelers will continue to remain as the major mode in 2035.
•Use of EV in transportation will reduce the Carbon Emission by 37 %
•Capital Subsidy on EVs is proposed in NEMMP (National Electricity Mobility Mission Plan) 2020
•At present only 100 Odd Charging Stations are available in India
Roland Folger, CEO & MD Mercedes Benz India says “The transition to EV has to be homogeneous and comprises of a mix of different power trains which we are being witnessed at the global level”
Rising Percentage Share of EV in Transportation Globally
Year
|
Percentage Share
|
2010
|
0.01
|
2011
|
0.07
|
2012
|
0.17
|
2013
|
0.25
|
2014
|
0.38
|
2015
|
0.62
|
2016
|
0.86
|
Conclusion
2016 was a record year for electric vehicle (EV) sales according to a recent report from the International Energy Agency (IEA). In 2015, EVs sold worldwide were 5, 47,220 and this number rose to 7, 50,000 EVs worldwide by year 2016.
As Infraline Energy observes the present market for EVs in India is small but is growing rapidly. Government is still working on it as policies are not so clear in this field. In the 1990s, some Indian firms introduced electric two- and three-wheelers in the market, but these were not successful. The Reva Electric car company introduced the first electric car in India in 2001 with cost approximated around INR 2,50,000. Reva Electric focused upon creating affordable electric cars through advanced technology. Experts say that in the next 10-20 years the electric car market will transit from early deployment to mass market adoption.
Chinese companies really dominates this segment as China aims for a top 3 million electric vehicle sales per year by 2025 , which could make US dwarf in this segment. But by 2025-2030 countries like Germany, Norway, Netherland and India will consider making EV mandatory to compete globally and focus upon greener future.
InfralineEnergy Disclaimer:
The views expressed here are solely those of the author in his private capacity and do not in any way represent the views of the InfralineEnergy (Technologies India Pvt. Ltd.). The organization is not liable for any use that may be made of the information contained therein and any direct/indirect consequences resulting therefrom.