A new revolution is coming to India. Electric cars are here. With air pollution reaching unbearable levels in Delhi and Bengaluru not far behind, something drastic needs to be done. Electric cars and electric trucks run on electric motors, powered by electricity from batteries/fuel cells.
India is looking to have an all-electric car fleet by 2030. As a step in this direction, the Government owned Energy Efficiency Services Limited, EESL, will float a tender for 20,000 electric cars by early 2018. Tata Motors won the bid for 10,000 electric cars floated by EESL in the month of September. New Delhi plans to replace its entire fleet with the electric powertrain by 2030.
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Niti Aayog has come up with a policy on electric vehicles and given a 15-year roadmap to attain complete electrification. Electric cars may soon replace your petrol and diesel cars, faster than you think.
1. Big Companies must push electric vehicles in India
You and other ordinary citizens may not be able to afford an electric car immediately. So, Big Companies who have a lot of money, will have to push electric vehicles in India. Tata motors has launched the electric Tata Tigor which is an electric sedan for EESL. Mahindra has a tie-up with Uber, to run electric cabs in Delhi and Hyderabad.
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Mahindra will deploy its electric sedan eVerito and the electric hatchback e20 Plus on the Uber platform. Ola, Uber and Zoom have begun tapping the electric vehicle portfolio of Mahindra.
Car manufacturers like M&M-Ford, Renault-Nissan, Honda Motors, Mercedes Benz, BMW, Volvo and JLR all have electric vehicles planned for India.
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The Government is pushing electric vehicles in India. The Government has passed an order for 10,000 vehicles worth Rs 2,000 Crores, routed through EESL and soon electric buses will run in India's top 11 cities.
Karnataka will soon procure and run 40 electric buses, 100 four wheelers and 500 three wheelers and is setting up the necessary charging infrastructure in Bengaluru. The main aim of this is to save petrol and diesel and keep the air in Bengaluru, pollution free.
The Governments push for electric vehicles can make India's electric vehicle dream a reality.
India is a country in power-deficit. More than 90% of the power produced in India is from coal and coal-fired plants, increase air pollution. But there's a ray of hope. Electric Vehicles emit 30-40% lower carbon dioxide than petrol and diesel vehicles. So increased electric vehicle usage, reduces air pollution.
India currently doesn't have the necessary infrastructure for you and lakhs of citizens to adopt electric cars. There's a big need for fast chargers, parking spots and of course swappable batteries. Another big problem is you and most of the other citizens in India buy small cars. More than 70% of vehicles sold in India are small cars.
How will electric cars be made both small and affordable?
India has around 56,000 traditional fuel stations, but only 222 Electric Vehicle charging stations. Don't you think something needs to be done about this? Be Wise, Get Rich.
Mr. C S Sudheer is the founder and CEO of IndianMoney.com – India’s largest Financial Education Company. He started his career with ICICI Prudential Life Insurance and later on worked with Howden India. After his brief stint in Howden India, he moved on and incorporated Suvision Holdings Pvt Ltd which is the sole promoter of IndianMoney.com. He aims to build a nation that is financially literate with investment savvy citizens.
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