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    Future of EV in India: Beta - Team 7

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    Tinesh Kumar S
    The Indian government aims to reach 30% electric vehicle penetration by 2030 through programs like FAME that encourage EV adoption. This could save 474 million tonnes of oil and reduce CO2 emissions by 846 million tonnes. However, EVs face challenges in India like high prices, battery technology issues, and range anxiety. Setting up more charging stations and battery production plants could help boost the EV sector by addressing these problems.

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    Future of EV in India: Beta - Team 7

    Uploaded by

    Tinesh Kumar S
    77 views6 pages
    The Indian government aims to reach 30% electric vehicle penetration by 2030 through programs like FAME that encourage EV adoption. This could save 474 million tonnes of oil and reduce CO2 emissions by 846 million tonnes. However, EVs face challenges in India like high prices, battery technology issues, and range anxiety. Setting up more charging stations and battery production plants could help boost the EV sector by addressing these problems.

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    Beta_Group_7

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    The Indian government aims to reach 30% electric vehicle penetration by 2030 through programs like FAME that encourage EV adoption. This could save 474 million tonnes of oil and reduce CO2 emissions by 846 million tonnes. However, EVs face challenges in India like high prices, battery technology issues, and range anxiety. Setting up more charging stations and battery production plants could help boost the EV sector by addressing these problems.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    77 views6 pages

    Future of EV in India: Beta - Team 7

    Uploaded by

    Tinesh Kumar S
    The Indian government aims to reach 30% electric vehicle penetration by 2030 through programs like FAME that encourage EV adoption. This could save 474 million tonnes of oil and reduce CO2 emissions by 846 million tonnes. However, EVs face challenges in India like high prices, battery technology issues, and range anxiety. Setting up more charging stations and battery production plants could help boost the EV sector by addressing these problems.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 6

    Future of EV in India

    Beta - Team 7
    Introduction and Govt aid for EV in India

    ● FAME Scheme: The Indian government has created momentum through its
    Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles schemes that encourage, and in
    some segments mandates the adoption of electric vehicles (EV), with a goal of reaching 30% EV
    penetration by 2030.
    ○ If these aims are realised by 2030, they will generate an estimated saving of up to 474 Millions of tonnes of
    oil equivalent (Mtoe) and 846 million tonnes of net CO2 emissions over their lifetime.
    ● Fiscal Incentives: Various fiscal demand incentives have been put in place to spur the production
    and consumption of EVs and charging infrastructure
    Challenges

    ● Consumer perception - The consumer perception about electric vehicles in India is still weak
    compared to ICE vehicles.
    ● Range anxiety - The EV customers are often worried about the vehicles capability to reach point
    B from point A before the battery runs out.
    ● High price - Tata Nexon price starts from ₹7.19 lakh, while the Tata Nexon EV price starts from
    ₹13.99 lakh.
    ● Scarce battery technology - India doesn't produce either lithium or li-ion batteries. India relies on
    import for EV batteries resulting in the sky-high price
    ● Lack of products - There are hundreds of options of one wants to buy a conventional fuel
    powered car or two-wheeler.
    Advantages

    ● Low cost of ownership - It is a proven fact by many researches that EVs offer way lower cost of
    ownership in their life cycle compared to fossil fuel powered vehicles.
    ● Easier to maintenance - An internal combustion engine usually contains more than 2,000 moving
    parts. An electric motor onboard an EV on the other hand contain around 20 moving parts.
    ● Govt policies for EVs - There are EV policies that promote both the supply and demand side
    through incentives, discounts and other benefits.
    ● Cleaner environment - The direct and obvious advantage of adopting electric mobility is the
    cleaner environment.
    Recommendations to the Industry

    ● Setting up charging stations in existing fuel stations: This is a very difficult task as oil & gas sector
    might not want to contribute to the growth of EV sector which would ultimately compromise their
    business.
    ● Setting up battery production plants in India: Government should take steps to install battery
    production units across the country to reduce the price of EVs.
    ● Easy charging solutions: Instead of being able to get charged only in EV charging stations, the
    industry has to come up with innovative ideas that enables EV to get charged anywhere with help
    of an adapter that can be carried along
    Sources

    ● https://www.financialexpress.com/auto/industry/the-autonomous-and-electric-vehicle-future-
    what-it-will-take-for-india-to-be-ready-range-charging/2206907/
    ● https://medium.com/rethinking-public-policy/four-recommendations-to-boost-indias-emerging-
    electric-vehicle-sector-65595ab5251
    ● https://www.sciencedirect.com/science/article/pii/S2212017315002807
    ● https://www.carwale.com/news/policy-roadmap-for-electric-vehicles-in-india/
    ● https://auto.hindustantimes.com/auto/news/indias-roadmap-for-electric-vehicle-challenges-and-
    advantages-41623322806083.html

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