The Electric Vehicle industry in India is growing very fast. The governments of India have launched schemes and incentives to promote electric mobility in the country and some regulations and standards are also in place. The running cost of an electric vehicle is much lower than an equivalent petrol or diesel vehicle.
Electric Vehicles (EVs) are run by electric motors which are powered by energy stored in batteries. EVs have an electric motor instead of an Internal Combustion Engine (ICE). Electric vehicles use electricity to charge their batteries instead of using fossil fuels like petrol or diesel.
Benefits of Electric Vehicle over Internal Combustion Engine
Low Maintenance Cost
The most important reason that can motivate you to buy an EV is the maintenance cost. If you buy a car with an IC engine, it will have more mechanical parts and therefore will have more complexities and difficulty in maintenance. EVs are easy and cheaper to maintain because of their simple structure and operations.
Low Cost
Another major advantage that EVs deliver over conventional IC engine vehicle is the running cost. The running costs come down to even less than a single rupee per kilometer depending on the vehicle used.
Convenient Charging
You might be familiar with the crowd that suddenly emerges on the fuel stations during peak hours. Also, planning to get the fuel refilled while you are on your way to your workplace can get you late too. EVs have a major advantage in this case where you can simply plug in your vehicle at your home for 4 to 5 hours and you are ready to move again without any delay. EVs nowadays also come with fast charging capabilities which allows them to charge up within 60 mins.
Easy Driving
All the electric vehicles starting right from an electric scooter and going all the way up to an electric bus are gearless. Yes, EVs are an absolute pleasure to drive because you don’t have to operate the gear mechanisms. You only have to use a set of buttons or pedals which will make you increase or decrease the speed and that’s all.
Pollution Free
EVs are one of the most eco-friendly modes of transport available right now in the market. If you are using EV, you have definitely done good for the environment. Buying an EV can reduce the carbon footprint because there will be no emissions at all.
Government Incentives
Now, the central government also wants you to buy an EV because EVs are the future. The central government has recently introduced a new electric vehicle policy under which you can get additional benefits up to ₹1.5 Lakhs.
Availability of adequate Charging Infrastructure is one of the key requirements for accelerating the adoption of electric vehicles in India. In this regard, Ministry of Power has issued “Charging Infrastructure for Electric Vehicles – Guidelines and Standards” mentioning the roles and responsibilities of various stakeholders at Central & State level, for expediting the development of public EV charging infrastructure across the country.
The government of India have undertaken multiple initiatives to promote manufacturing and adoption of electric vehicles in India. With support of the government, electric vehicles have started penetrating in the Indian market. However, availability of adequate Charging Infrastructure is one of the key requirements for accelerated adoption of electric vehicles in India.
Some of the Indian companies associated with EVs are, Tata Motors Ltd., Ashok Leyland Ltd., Amara Raja Batteries Ltd., Exide Industries Ltd., Hero MotoCorp Ltd., Himadri Speciality Chemicals Ltd., Vedanta Ltd., Hindalco Industries Ltd., JBM Auto Ltd., Olectra Green Ltd., SML Isuzu Ltd., and many more.
