While electric vehicles (EV) are far better for the environment than internal combustion engine (ICE) vehicles, one of the major factors for any individual or business to purchase EVs is the financial aspect. What many do not know is that although the upfront purchase can be more expensive, the overall cost equals that of currently available ICE vehicles.
Batteries account for up to 40 percent of the EV cost. So, the price of an EV with battery deters it from becoming a mass product. Allowing registration of EVs without batteries will be a game changer, believes the govt
MoRTH in a letter to Transport Commissioners of all the states and Union Territories stated, “For the promotion of electric two-wheelers and three-wheeler vehicles, there are recommendations brought to the notice of the Ministry to de-link the cost of the battery (which accounts for 30-40 percent of the total cost) from the vehicle cost.”
India represents the fourth largest automobile market in the world and the second largest two wheeler market with ~20 mn units. It is also a country with massive dependency on oil imports, with a USD 112 bn oil import bill in FY19. Pollution in many Indian cities has reached alarming levels. All these
factors put together make a strong case for EV adoption in India. Pricing and infrastructure, though, continue to remain a challenge. The genesis of this whitepaper is to evaluate the relevance of EVs in India today.
Delhi Announces New EV Policy, Proposes Incentives Up to ₹150,000 for Electric Cars
The new policy aims to make public charging facilities accessible every three kilometers in Delhi
Whether it’s smartphones, power tools, electric vehicles, bicycles, toothbrushes, or home storage systems, lithium-ion batteries have become a common feature of modern life. But the sourcing of the required raw materials, like cobalt and lithium, has been under close scrutiny against a backdrop of environmental degradation, child labor, and poor occupational safety standards.
Efforts to recycle lithium-ion batteries face a range of technical and economic challenges, but such programs are already far more commonplace than many assume. However, there are still significant obstacles looming a few years down the road.
Delhi Electric Vehicle Policy 2020 targeting 5 lakh registrations in 5 years launched by Chief Minister Arvind Kejriwal on Friday is being hailed as one of the most progressive policy frameworks.
Announcements from Tesla and CATL show that a long-lived, cobalt-free and competitively price EV and grid/home batteries may finally have arrived
The Future of Mobility post-COVID
Turning the crisis into an opportunity to accelerate towards more sustainable, resilient and human-centric urban mobility systems.
Indian Electric Vehicle segment might continue to draw investments.
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