IndiaTechDesk - India's Leading Tech and Startup Media Publication
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists
No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists
No Result
View All Result
IndiaTechDesk - India's Leading Tech and Startup Media Publication
No Result
View All Result
Home Ecosystem & Lists

India’s Electric Vehicle Ecosystem – What’s In Store For The Future?

IndiaTechDesk Editor by IndiaTechDesk Editor
February 10, 2021
in Ecosystem & Lists, Travel
56 2
0
India’s Electric Vehicle Ecosystem – What’s In Store For The Future?
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The Electric Vehicle Ecosystem in India is taking a solid shape, and according to experts, the coming decade is expected to be of electric cars. The sales of electric vehicles in 2019-20 increased by 20% with 3400 units being sold in FY20. The focus on next-gen mobility is witnessing growth.

India, following the Paris agreement in 2015 announced its commitment to reduce its emission intensity by 2030. However, it looked like an arduous task since living with polluting and gas-guzzling vehicles for last, so many years, made people think that electric mobility was a far-fetched idea. Still, innovations and concerted push from automotive manufacturers have made e-mobility viable. 

The Future Looks Electric

With the widespread adoption of e-mobility and under the ‘make-in-India’ programme, manufacturing of electric vehicles and their associated components is likely to increase the share of manufacturing in the country’s GDP to 25% 2022. The large-scale adoption of the electric vehicles is expected to help save $60 billion by 2030 on oil imports- presently 82% of the country’s oil demand is achieved by imports.

Also, the price of electricity as a fuel is expected to fall at Rs 1.1 per km. Thus, the electric vehicle owner will save up to Rs 20,000 for every 5,000 km. Most importantly, electrification will reduce vehicular emission, which is a key contributor to air pollution.

The NEMMP (National Electric Mobility Mission Plan) 2020 and FAME I and II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles), PMP (Phased Manufacturing Program), and Advanced Chemistry Cell Production Linked Incentive were announced with an aim for an electric-only future by 2030 for automobiles. 

The e-mobility sector believes that the Indian government policies and the Pandemic have given this industry a much-needed boost. However, more work remains to be done.

How Pandemic Gave The Electric Vehicle Ecosystem A Push?

Industry experts feel that the COVID-19 Pandemic did make people realize the importance of a clean and green environment- and the fact that this could be sustained with e-mobility. Last year witnessed multiple dealer requests along with test-ride requests and pre-orders. 

A new segment of consumers has emerged, considering electric vehicles as a serious contender in their automobile purchase decision.

Building Robust Infrastructure Would Be The Key To Success

Although the government is looking at building charging infrastructure at public places for e-vehicles, industry experts feel that home charging should also be pushed. Presently, charging infrastructure for e-vehicles is an area of concern. However, there have been certain positive developments.

The capital city, Delhi recently legalized charging stations for e-rickshaws and hoped that the civic agencies and private players would step forward if provided with more incentives. India’s largest power generation utility, NTPC has already commissioned its first electric vehicle station in Vishakhapatnam with a capacity to charge three e-vehicles simultaneously.

The most important aspect of the electric vehicle ecosystem is the e-vehicle itself, and in India, public transport is leading the way for incorporating e-mobility. There has been a surge in e-rickshaws in various cities due to economical fares and lower operating costs. Kolkata plans to upgrade from totos to e-rickshaw while Delhi already has approximately 1 lakh e-rickshaws running. The core challenge for the automotive industry is to develop quality batteries that are safe and long-lasting.

The Way Forward

The e-mobility market is presently seeing a high growth rate owing to changing trends in the automotive industry. Besides that, with the government’s robust vision of 30% adoption of electric vehicles by 2030, many policy reforms will have to come in to play going forward. These reforms should help in improving the existing landscape of this sector.

Making e-vehicles affordable, easy to use, and reliable to use them as conventional automobiles will be the key to building a strong electric vehicle ecosystem in the country. There have been massive changes, especially in terms of people’s attitude towards petrol/diesel vehicles’ environmental impact. However, certain obstacles need to be addressed to make the electric vehicles ready for mass adoption.

Tags: Covid-19e-mobilitye-rickshawse-vehicleselectric carselectric mobilityElectric Vehicle EcosystemElectrical VehiclesNational Electric Mobility Mission Plan
IndiaTechDesk Editor

IndiaTechDesk Editor

IndiaTechDesk is part of beSUCCESS Media group, focusing on Indian startup and tech news, trends and analysis. Write to us at press@indiatechdesk.com.

Related Posts

Atlys bags $12 million Series A funding for visa application platform, revolutionizing travel with e-visas.
Travel

Atlys Secures $12 Million in Series A Funding to Transform Visa Application Process

September 21, 2023
Five Troubled Rooms of Oyo that Hospitality Startups should Avoid for Scaling up Smoothly
E-commerce

Five Troubled Rooms of Oyo that Hospitality Startups should Avoid for Scaling up Smoothly

November 8, 2021
Colive Partners with ZestMoney to Launch ‘Stay Now, Pay Later’ Plan
FinTech

Colive Partners with ZestMoney to Launch ‘Stay Now, Pay Later’ Plan

October 8, 2021
Ampere Electric joins hands with BLive to promote EV Tourism across India
Clean Technology

Ampere Electric joins hands with BLive to promote EV Tourism across India

September 29, 2021
TravClan, B2B Travel Tech Platform Raises USD 2.2 Million in a Pre-Series A Round
Travel

TravClan, B2B Travel Tech Platform Raises USD 2.2 Million in a Pre-Series A Round

September 25, 2021
India’s First AI-driven Electric Mobility Platform Announces the Launch of its New Route
AI & Big Data

India’s First AI-driven Electric Mobility Platform Announces the Launch of its New Route

September 15, 2021
No Result
View All Result

Trending Posts

  • Kale Logistics Secures $30 Million in Series B Funding Led by Creaegis
    Kale Logistics Secures $30 Million in Series B Funding Led by Creaegis
    by Kyung-sooSeptember 12, 2023
  • 5 Steps to Secure Capital From VC Firms in India
    5 Steps to Secure Capital From VC Firms in India
    by IndiaTechDesk EditorJanuary 28, 2020
  • 5 Most Recent Startup Failures in India
    5 Most Recent Startup Failures in India
    by IndiaTechDesk EditorJanuary 24, 2020
  • 6 Active Angel Investors in India For 2020
    6 Active Angel Investors in India For 2020
    by IndiaTechDesk EditorJanuary 22, 2020
  • Top 5 Low-cost High-profit Business Ideas in India for 2020
    Top 5 Low-cost High-profit Business Ideas in India for 2020
    by IndiaTechDesk EditorJanuary 21, 2020
  • 6 Startup Laws in India You Should Consider To Get Started
    6 Startup Laws in India You Should Consider To Get Started
    by IndiaTechDesk EditorJanuary 20, 2020
  • Top 5 Startup Programs by the Indian Government
    Top 5 Startup Programs by the Indian Government
    by IndiaTechDesk EditorJanuary 17, 2020
  • Top 5 Startup Predictions for India in 2020
    Top 5 Startup Predictions for India in 2020
    by IndiaTechDesk EditorJanuary 15, 2020
  • 5 Biggest Indian Startup Acquisitions of 2019
    5 Biggest Indian Startup Acquisitions of 2019
    by IndiaTechDesk EditorJanuary 14, 2020
  • 5 Best-Kept Secrets of Amazon’s Incredible Success in India
    5 Best-Kept Secrets of Amazon’s Incredible Success in India
    by IndiaTechDesk EditorJanuary 12, 2020




Products

Apple 20W USB-C Power Adapter

Apple MagSafe Battery Pack

Apple AirPods Pro (2nd Generation) Wireless Earbuds

Apple Lightning to USB Cable

ABOUT US

IndiaTechDesk is obsessed with the Indian startup ecosystem, offering intelligent, engaging coverage of the innovations, emerging startups, and entrepreneurship in India.....read more

Follow Us

FREE NEWSLETTER

 

Categories
  • Accelerator
  • Agriculture
  • AI & Big Data
  • AR & VR
  • Bitcoin
  • Blockchain
  • Business
  • Clean Technology
  • Competitions
  • Content & Games
  • Coronavirus
  • Cryptocurrency
  • Cybersecurity
  • E-commerce
  • Ecosystem & Lists
  • Education
  • enterprise
  • Enterprise & SaaS
  • entertainment
  • Events
  • featured
  • FinTech
  • Gadgets & Electronics
  • Gaming
  • Guide
  • Health & Bio
  • Incubator
  • Indian Startups
  • Indian Women
  • Insurance
  • Interviews
  • Investments
  • IoT
  • Manufacturing
  • Market
  • Marketplaces & E-commerce
  • Regulation
  • Robotics
  • SaaS
  • Space Startup
  • Transportation & Logistics
  • Travel
  • Uncategorized
  • Venture capital
  • “Contact: press@indiatechdesk.com”
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • About Us

Copyright © 2023 indiatechdesk.com

No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists

Copyright © 2023 indiatechdesk.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In