Future of EV in India

With the advent of Ola Electric scooter which has garnered over 1 lakh registrations in just one day ,makes us ponder upon of the most important questions – Has the change from fossil fuels to electric vehicles begun in India or is it just a fluke?

EV or electric vehicles are gaining popularity and market share everyday. Companies such as Tesla are now one of the largest automobile companies in the world. The west has started to shift to EV at a faster pace with some European countries having highest per capita EVs. But has the time come for India too? Granted EVs have their own set of problems which can be anything from range to charge time but with petrol prices touching Rs 110/L one can easily forgo the charge time.

EV industry is looking towards a brighter future in India as many Indian companies such as Tata Motors have launched their own vehicles and have received amazing sales. The global giant Tesla will soon be arriving in India as well with its most popular Model 3. But are only cars enough? India needs to do more. What India can triumph at is the electric two-wheeler industry as two-wheelers are still one the most popular means of travel in India and one of the major contributors to air pollution in our country.

India being one the most polluted countries need to change its outlook and start taking matters of vehicle pollution seriously. With 2/3rd of air pollution being done by two-wheelers , a shift in EVs can bring this down dramatically. This is when companies like Ather Energy ,Ola Electric ,Bajaj and TVS are coming into play with each company producing its own two-wheeler EV with Ola receiving more than 1 lakh registrations for its EV.

EV infrastructure- Infrastructure is one the most important aspects when we talk about growth of EVs as charging stations are not a common thing in India but are crucial to EVs. Without them one can say goodbye to long distance travels as EVs need to be charged before their battery runs out and you don’t want to be stuck in the middle of nowhere. We are making progress in this arena with govt. giving various incentives for charging stations and we are seeing emergence of various networks such as Ola Hypercharging stations for its two-wheeler market.

Last but not the least EVs are still very expensive even after being in the market for so many years. Just for instance the cheapest Tesla car , the Model 3 is expected to be priced around Rs 60 lakhs in India making it still unaffordable for most people. Same thing can be said about the two-wheelers with EVs being about twice as expensive as their gas counterparts.

But there is always a silver-lining that despite huge prices EVs are picking up in India , slowly but constantly and with more and more competition we can surely say that EVs have a bright future and we are on the right path.