A way Ahead for Electric Vehicles in India.

 

Most people's initial thoughts when hearing about electric vehicles are whether or not they would be financially viable and whether or not they will contribute to a cleaner and more sustainable environment for future generations. As 100 percent FDI becomes a possibility, new manufacturing hubs, and greater effort to improve charging infrastructure, together with an increase in employment and FOREX, come into our thoughts. Indian-made electric two-wheelers are also given a boost in subsidies and policy by the government of India, as well as a boost for localized ACC battery storage production. Over 300,000 electric vehicles were sold in India in 2021.

Akhilesh Srivastava

India's recent plans to speed up the transition to e-mobility have been influenced by issues such as increased pollution, international pledges to address global climate change, and the burden of oil imports. Automotive production in the United States currently ranks fifth worldwide, although it is expected to rise to third place by the year 2030. More than ever, people are becoming aware of the pressing need to move away from fossil fuels and toward more environmentally friendly options.

The United States stands to benefit greatly if e-mobility becomes more widely used. In line with the Make in India initiative, the production of electric vehicles and the parts that go with them is predicted to boost manufacturing's contribution to India's GDP by 25% by 2022. In terms of the economy, the widespread adoption of electric vehicles is expected to save $60 billion in oil imports by 2030. Electric car owners can save up to Rs 20,000 per 5,000 km driven if the price of energy as a fuel drops to as low as Rs 1.1/km, according to math.

The Indian government appears to be encouraging Indian companies to bring in the best vehicles and charging infrastructure for its clients. Electric vehicles and bicycles are without a doubt a significant step toward reducing pollution and carbon emissions into the atmosphere. But it's not the only thing needed to protect our home planet's fragile ecosystems. Around 14% of worldwide greenhouse gas emissions are attributed to the transportation sector, according to recent research.

The first thing that comes to mind for Akhilesh Srivastava, IT Advisor to the Government of Uttarakhand and former Chief General Manager (Highway Operations and IT), NHAI, is the simplicity with which one may travel across the country. He is an outspoken proponent of modern technology. By utilizing FASTag and other cutting-edge transportation solutions, he has saved the country hundreds of millions of rupees. A record-breaking 150 crores in toll revenue was collected daily in March, with over 27 crore FASTag transactions registered. It's a dream come true for me.

Source link: https://medium.com/@akhlisheshsrivastva/a-way-ahead-for-electric-vehicles-in-india-fb64d7d6d2b1