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INTRODUCTION
In the modern world, the use of fossil fuels are multiplied whereas the reserves are depleting. To
minimize the depletion, the world has came up with an alternative; Electricity. These vehicles use
electric motors and emit zero harmful gases compared to the vehicles using combustible fuels emitting
harmful gases polluting the environment. The few Indian Brands which are trying to revolutionize the
Indian market by making EVs are follows:
1. Tata motors - Tata Motors Limited is an Indian multinational automotive manufacturing
company, headquartered in the city of Mumbai, India. Tata Motors continues to dominate
the electric vehicle segment in India. In February, the carmaker registered more than four-
fold rise in sale of its electric four-wheelers in the passenger vehicle segment. With 2,264
units of its EVs, which include the Nexon EV and Tigor EV, Tata Motors currently shares a
massive 96.26 percent market share in the segment, way ahead of any other rivals. Tata's
electric cars are also the most affordable EVs in the four-wheeler segment currently in India.
2. Ashok Leyland - Ashok Leyland is an Indian multinational automotive manufacturer,
headquartered in Chennai. It is owned by the Hinduja Group. Ashok Leyland plans to set up
manufacturing facility to roll out electric vehicles in India. New Delhi: Bullish on the future of
green mobility, the Hinduja Group flagship Ashok Leyland plans to set up a new
manufacturing facility in the country to roll out electric vehicles, according to a top company
official. The company has already announced a $200 million (nearly Rs 1,500 crore)
investment through its UK-based arm Switch Mobility for electric mobility.
3. Mahindra Electric Mobility Limited - Mahindra Electric Mobility Limited, formerly known
as the Reva Electric Car Company, is an Indian company based in Bangalore, India which is
part of Mahindra Group involved in designing and manufacturing of compact electric
vehicles. The company's first vehicle was the REVA electric car, available in 26 countries with
more than 4,000 of its different versions sold worldwide by mid-March 2011. Today, the
company sells electric vehicles in different segments – the electric sedan eVerito, the
electric commercial vehicle eSupro (passenger and cargo), and the Treo range of low
maintenance, lithium-ion battery-powered three-wheelers. Recently, Mahindra Electric
became the first Indian car manufacturer to cross 170 million kilometers traveled on its
fleet.
4. Ather Energy - Ather Energy is an Indian electric vehicle company, headquartered in
Bangalore. It was founded by Tarun Mehta and Swapnil Jain in 2013. It manufactures two
electric scooters - the Ather 450X and the Ather 450 Plus. It has also established electric
vehicle charging infrastructure across the country called Ather Grid. Ather Energy began
operations at its production facility in Hosur, Tamil Nadu, on 2 January 2021. The new Ather
factory has an annual capacity of 1,10,000 scooters and 1,20,000 battery packs. The
company currently has a presence in 27 cities across 15 states. Ather Energy also establishes
Ather Grid, an electric vehicle charging infrastructure in cities it is present in. The company
has set up over 220 fast charging points in 23 cities across India as of November 2021.
5. Hero Electric - Hero Electric is India’s first and largest manufacturer of electric 2-wheelers
with hundreds of thousands happy customers and growing. HERO ELECTRIC is a pioneer and
market leader in the Indian Electric Two-Wheeler industry. Every product manufactured by
us is closely inspected, rigorously tested by quality engineers and put through 46 stringent
quality checks before it reaches our customers. Hero Electric is a SA 8000 certified
organization that is environmentally conscious, socially responsible and professionally
ethical in its business operations.
The electric vehicle industry in India is a growing industry. The central and state
governments have launched schemes and incentives to promote electric mobility in the
country and some regulations and standards are also in place. While the country stands to
benefit in a large way by switching its transport from IC engines to electric motor-powered,
there are challenges like lack of charging infrastructure, high initial cost and lack of
electricity produced from renewable energy. Still, e-commerce companies, car
manufacturers, app-based transportation network companies and mobility solution
providers have entered the sector and are slowly building up electric car capacity and
visibility.
Benefits - Electric vehicles are around 3-5 times more efficient than internal combustion
vehicles in utilizing energy. Even if electric vehicles run on electricity produced from fossil
fuels, the overall efficiency of electric vehicles is still higher and the pollution is less, because
large thermal power plants are much more efficient than IC engines, and it is easier to
control emissions from power plants than vehicle engines.
Electric vehicles save energy by regenerative braking. Around 30%-70% of the energy used
for propulsion can be recovered, with higher percentages applicable to stop-and-go city
driving.
Air quality indices related to India indicate that the air in many cities of India is no longer
healthy. Automobile related pollution has been one of the causes for this.
Mobility solution providers - In 2015, Bangalore based Lithium Technologies launched a
fully electric taxi service for corporates.[110] In June 2017, Bangalore based logistic group
Baghirathi Travel Solutions is one of the EV fleet Transport company.
In January 2019, BluSmart Mobility launched an all-electric cab service in Delhi-NCR with a
fleet of 70 Mahindra eVerito cars. It has plans of expansion to 400 cars by March 2019
Top Electric vehicle Brands – TATA MAOTORS, MAHINDRA ELECTRIC, ATHER ELECTRIC,
ASHOK LEYLAND, HERO ELECTRIC.
TATA MOTORS sales has increased from 9111(2020) to 13500 (2022) the growth rate is
about 150% in 2022.The most selling model of TATA MOTORS is TATA NEXON EV.
HERO ELECTRIC sales has increased from 7000(2020) to 7763(2021) the growth rate is about
10.3% in 2022. HERO ELECTRIC OPTIMA EX is the most selling model of HERO ELECTRIC.
ASHOK LEYLAND sales increased from 10480(2020) to 13939(2021) the growth rate is about
28.3% in 2022.
ATHER ENERGY sales increased from 474(2020) to 2825(2021) the growth rate is about 142.5% in
2022. ATHER 450X is the most selling two-wheeler model of ATHER ENERGY.
MAHINDRA & MAHINDRA sales increased from 10000(2020) to 12500(2021) the growth rate is
about 22% in 2022. MAHINDRA TREO is the most selling model of MAHINDRA & MAHINDRA.
0
5000
10000
15000
20000
25000
TATA MOTORS HERO ELECTRIC ASHOK LEYLAND ATHER ENERGY MAHINDRA
SALES(2020) SALES(2021)
TATA MOTORS reported revenue of around 2.5 trillion Indian rupees in the 2021 financial
year. In 2020 they made a revenue of 7.7 trillion Indian rupees.
HERO ELECTRIC reported revenue of around 314 billion Indian rupees during 2021 financial
year. In 2020 they made a revenue of
ASHOK LEYLAND reported revenue of around 174.67 billion Indian rupees in 2020 financial
year. In 2021 they made a revenue of 153.01 billion Indian rupees.
ATHER ENERGY reported revenue of around 0.353 million Indian rupees during 2020
financial year. In 2021 they made a revenue of 0.798 million Indian rupees.
MAHINDRA & MAHINDRA reported revenue of around 445 billion India rupees in 2021
financial year. In 2020 they made a revenue of 424 million Indian rupees.
0 100000 200000 300000 400000 500000 600000 700000 800000
TATA MOTORS
HERO ELECTRIC
ASHOK LEYLAND
ATHER ENERGY
MAHINDRA
Chart Title
2021(in crores) 2020( in crores)
Energy Security:
Hybrid electric vehicles (HEVs) typically use less fuel than similar conventional vehicles,
because they employ electric-drive technologies to boost vehicle efficiency through
regenerative braking—recapturing energy otherwise lost during braking. Plug-in hybrid
electric vehicles (PHEVs) and all-electric vehicles (EVs), also referred to as battery electric
vehicles, are both capable of being powered solely by electricity, which is produced in the
United States from natural gas, coal, nuclear energy, wind energy, hydropower, and solar
energy.
Costs:
Although energy costs for hybrid and plug-in electric vehicles are generally lower than for
similar conventional vehicles, purchase prices can be significantly higher. Prices are likely to
equalize with conventional vehicles, as production volumes increase and battery
technologies continue to mature. Also, initial costs can be offset by fuel cost savings.
The Hybrid cars are easy to use since they run on both electricity and fuel and has a greater
mileage and comparatively costs higher than fully electric vehicles. The cost of vehicles are
higher than that of normal vehicles but for the long run the price compensates the costs of
other aftermarket accessories and fuels.
Fuel Economy:
The fuel economy of medium- and heavy-duty PHEVs and EVs is highly dependent on the load
carried and the duty cycle, but in the right applications, PEVs maintain a strong fuel-to-cost
advantage over their conventional counterparts.
Infrastructure Availability:
PHEVs and EVs have the benefit of flexible charging. Since the electric grid is in close proximity to
most locations where people park, they can charge overnight at a residence, as well as at a multi-
unit dwelling, workplace, or public charging station when available. PHEVs have added flexibility
because they can also refuel with petrol or diesel (or possibly other fuels in the future) when
necessary.
Public charging stations, or electric vehicle supply equipment, are not as ubiquitous as gas stations.
Charging equipment manufacturers, automakers, utilities, Clean Cities coalitions, municipalities, and
government agencies are rapidly establishing a national network of public charging stations. The
number of publicly accessible charging stations in India are 1640.
Emissions:
The transport sector accounts for 18% of total energy consumption in India. This translates to an
estimated 94 million tone of oil equivalent (MTOE) energy. If India were to follow the current trends of
energy consumption, it would require an estimated 200 MTOE of energy supply annually, by the year
2030 to meet the demand of this sector. At the moment, this demand is being met mostly through
imported crude oil, which therefore makes this sector vulnerable to the volatile International crude oil
prices.
Since the vehicles run on electricity and rechargeable sources, the emissions done are zero compared to
that of crude oil (petrol/diesel) powered vehicles. These renewable or rechargeable powered motors
produce no sound hence contributing none or zero noise pollution.
Batteries:
EV batteries today have warranty of 3 to 8 years, across electric 2-wheeler, 3-wheeler and 4-wheeler
categories. The actual battery warranty may vary depending upon the vehicle usage. EVs are equipped
with high-speed powertrains therefore EVs offer better acceleration and speed. As far as speed is
concerned, EVs available in the Indian market have top speeds depending upon the model selected /
opted. EVs have a high starting torque as compared to ICE counterparts and accelerate faster. Time of EV
charging depends upon the type of charger adopted for charging. Currently available EVs across vehicle
segments (2-wheeler, 3-wheeler, 4-wheeler) can be charged from 0%-80% in around, 1 – 5 hours from
Slow/Moderate chargers while using Fast chargers, EVs can be charged in less than 1 hour. Fast chargers
are mainly used to charge electric 4-wheeler. Rate of charging is also dependent upon Cell Chemistry.
Sustainability:
Since the electric vehicles wear out easily due to rough usage and short distance travelling. The use
of electric motor bikes are generally used for delivering amentities in a city where the fuel using
bikes get heated up. To keep the vehicles in use the companies recycle Lithium Ion batteries.
The companies are replacing the batteries with other electro chemical charges which are easily
accessible and costs lesser than the predecessors. The sole motive of this changes are to sustain the
vehicles for a longer time and provide the consumers with an affordable vehicle.
LITERATURE REVIEW
The literature search is mainly focused on topics related to Electric and Hybrid
vehicles. The review of publications and research work revealed the basic guidelines and
positive result expected, in favour of society and future demand for saving of fossil fuel and
environment pollution point of view.
EVs will depend heavily on progress in battery technology, to bring down costs and increase
energy density, and on the provision of a suitable recharging infrastructure.
Electric vehicles use an electric motor for traction, chemical batteries, fuel cells, ultra-
capacitors, and flywheels. The electric vehicle has advantages of emissions, high
efficiency and smooth operation.
They energy consumption and emissions for plug-in hybrid electric vehicles in China found
that compared to gasoline vehicles there is 37.5% less energy consumption and 35% less
greenhouse gas emissions.
Inass Salamah Ali (2019) says about the benefits of EVs and HEVs.
It indicated potential requirement of the design and development of globally competitive
small electric concept vehicle for India and concluded that EVs are the best solution to
reduce cities pollution with many societal and economic benefits by EVs and HEVs use. It
also outlined the role Government and worldwide communities played to promote and
accelerate EV program.
Praveen Kumar (2010) in a survey quoted that, “The energy efficient vehicles are self
sustainable and easy to use.”
The activities related to transportation have emphasized the highly-efficient safe
transportation with reduced emissions. Electric vehicles have been proposed to replace
conventional vehicles in the future and they studied how financial incentive and socio
economic aspect of consumers increase electric vehicle adoption in many countries. Many
governments have started financial policies to encourage electric vehicle adoption however
decision makers have to take a long term perspective to get them implemented
efficiently
. Due to fossil fuel reserves depletion, environmental harms, and global warming alternative
fuel is required for sustainability. The study said that people with conventional thinking,
are more concerned for environment and Indian consumers are prepared to pay
additional cost for an environmental friendly car.
AMEY JOSHI (2020) confessed that electric/hybrid vehicles are better than fuel based
vehicles.
Before switching to the Tata Nexon EV a few months ago automotive engineer-turned-
business Amey Joshi owned two Tata SUV, Safari Storme and the Aria. But both existed his
garage after the EV made its entry. There were two things which got me interested in the
Nexon EV. First is the price and second is its at-par performance with a ICE vehicle such as
acceleration and other driving performance.
Vishnu Prasath (2020) proposed the fact “In respect to electric vehicles people are bit
sceptical about the range too much.”
Except for the initial few months, in one year that I have spent with the Ather, I never really
faced situation where we felt the dire need for a recharge. We charge the vehicle ever third
day and that's it.
We never had a motorcycle within the family. But interestingly even my friends who own
bikes like the Honda Unicorn were left surprised with the pick-up that my Ather offered.
Masurali.A (2019) gave an emphasis of the emissions of vehicles causing pollution in India
The Electric Vehicle (EV) is one of the foremost feasible alternative solutions to beat the
crises. Several automotive companies are introducing EVs and are expanding their portfolio.
Promoting EVs can help reduce fuel dependence and pollution and beneficial for both
consumers and the nation. The education of people has significantly higher influence over
their awareness level on EVs. Apart from manufacturers, Government should strive hard to
spread awareness and influence positive perception among potential customers.
Pretty Bhalla(2021) stated that electric vehicles have premium looks and promises an
aristrocacy among peers.
Choice of cars depends upon environmental concern, cost, comfort, trust, technology, social
acceptance, infrastructure availability. These arguments have been tested for both
conventional cars and EVs. They assume that these factors have direct influence on
individual choice of vehicle. They found that EV manufacturers and Government have to
invest more in social acceptance of the vehicle by creating more infrastructural facilities,
putting more thrust on technology to create trust. The analysis depicts that the population
is well aware of the environmental benefits. The responsibility lies on the shoulders of the
Government and manufacturers to investing in the manufacturing of vehicles.
Sanjeevikumar Padmanaban (2021) as an environmental activist, the level of pollution on
global scale is much and the number of vehicles in a single country can deplete pollution
on a larger scale.
Global pollution is on the rise and each effort made, is to cut back the CO2 emissions and
save the earth. One such effort is the introduction of EVs. The transport sector is one in all
the largest emitter of CO2 and hence it's important to reduce it. The government has come
up with ambitious plans of introducing EVs to the Indian market and confine pace with the
event of EVs globally. The National Electric Mobility Mission Plan 2020 has included an in-
depth report on the EVs. India encompasses a huge challenge in shifting the transportation
sector from ICE engines to EVs. This needs lots of planning along with R&D. Charging
infrastructure must be adequately build to deal with range anxiety. It’s vital to form demand
generation by making all government buses electric and offering tax exemptions for
personal EV owners.
Yash Sharma(2021) gives a plus point of vehicles gaining popularity in India.
Developing an aggressive strategy for the adoption of EVs in India and ensuring a well-
executed implementation is a challenge but vital for government. The geography and
diversity of India will present problems that require thoughtful solutions. Public
procurement is expected to be an important driver of growth of EVs, with the purchase of
four-wheeled vehicles for government offices, three-wheeled vehicles and buses for public
transport. Investments by fleet operators such as Ola and Uber, and operators of food
distribution services, are also expected to boost the initial growth of two- and four-wheeled
electric vehicles. However, the private EVs may take 5-6 years to gain popularity and
acceptance.
Kushan Parikh (2021) prefers petrol and diesel vehicles over electric vehicles for longer
distance.
Users of scooters, who need only to travel short distances, may consider an EV, but those,
who need to travel longer distances and already own bikes like a Hero Splendor, may find it
difficult to move to an e-2W. For cars, it is relatively simple to improve the range with
increased battery size for electric 2Ws though, every increase in kWh may provide an extra
30km in range, but the increase in weight is around 10kg, approximately a 10% increase in
the total weight of the bike. This weight issue is even more pronounced in smaller bikes (less
than 150cc).
Varsha A. Shah (2020) says, “We should concentrate on using more cleaner fuels like
electricity over fossile fuels because of pollution”.
Indian Scenario is different because the current market share of EV/PHEV is around 0.1%.
Presently almost all vehicles consider fossil fuel-based transportation. These pollute the
atmosphere by the emission of greenhouse gases & causes global warming. The gap
between domestic petroleum production and consumption is widening. India imports
around 70% of oil required per annum. Hence there's an urgent need to investigate factors
and challenges for sustainable and cleaner alternatives.
Objectives of the study
The objectives of our study are stated as follows:
 To Understand the Indian Automobile Production and Sales Trends.
 To Understand the Emission Standards for India
 To Investigate Structure of Vehicle Standard by Light Duty Vehicle Energy
Consumption.
 To Investigate Global Warming Emission Reduction Under Light Duty Vehicle
Standards.
 To Understand the Indian Electric Vehicle Market Challenges and
Opportunities.
Research Methodology
In India, EVs are scarce on the road and are not available readily in the market.
Potential adopters/users of EVs may have never even seen, driven or charged such
vehicles. People have limited familiarity with the characteristics of these vehicles.
The data collection was done through a structured questionnaire. The developed instrument
contained information on constructs and their constituents. The designed questionnaire had two
parts. The first part focused on the data related to demographic characteristics of the respondents:
this covered gender, age, education, household income and cars in the household.
Approach
The aim behind conducting research is to examine the existing theories, set up new
theories or adding new knowledge to existing theories on the basis of latest findings
(Saunders et al. 2009). Understanding of research approach is essential as it
enables the researcher to focus and look at in-depth of the problem and make a
decision on how to solve the problem, naming, and approaching the research topic
(Saunders et al 2007).
The logic of this study is deductive as the purpose of this study is to test the
hypotheses, and draw conclusion on the basis of statistical analysis of the data with
the ability to be generalised (Lee and Lings 2008).
The approach adapted in our study is deductive in nature i.e., the purpose of
conducting this research is to test the hypothesis and draw conclusion as to figure
out the result by applying statistical tools to analyse the data to reach to an answer.
EMPIRICAL STUDY
The study being empirical in nature where the conclusions of the studies are strictly
drawn from empirical evidence, and therefore “verifiable” evidence. (Needs to be
added)
Typically, empirical research embodies the following elements
 A research question, which will determine research objectives.
 A particular and planned design for the research, which will depend on the
question and which will find ways of answering it with appropriate use of
resources.
 The gathering of primary data, which is then analysed.
 The limitation of the data to a particular group, area or time scale, known as a
sample. For example, a specific number of employees of a particular
company type, or all users of a library over a given time scale. The sample
should be somehow representative of a wider population.
 The ability to recreate the study and test the results. This is known as
reliability.
 The ability to generalize from the findings to a larger sample and to other
situations.
SAMPLING TECHNIQUE
There are two types of sampling techniques - Probability Sampling and Non –
Probability Sampling.
1. Probability Sampling: Probability Sampling is a sampling technique where a
researcher sets a selection of a few criteria and chooses members of a population
randomly. All the members have an equal opportunity to be a part of the sample with
this selection parameter.
2. Non – Probability Sampling: In non – probability sampling, the researcher
chooses members for research at random. This sampling method is not a fixed or
predefined selection process. This makes it difficult for all elements of a population to
have equal opportunities to be included in a sample.
SIMPLE RANDOM SAMPLING (SRS)
The sampling method used for collecting data is Simple Random Sampling (SRS) in
statistics, a simple random sample is a subset of individuals chosen from a larger set
in which a subset of individuals is chosen randomly, all with the same probability of
being chosen.
We have chosen this method to collect our data because it is an unbiased sampling
technique in which each subset of population has the same probability to be chosen
for sample as any other subset of the population.
PRIMARY DATA
Primary data is the data that is collected for the first time through personal
experiences or evidence, particularly for research. It is also described as raw data or
first – hand information.
The data is mostly collected through observations, physical testing, mailed
questionnaires, surveys, personal interviews, telephonic interviews, case studies,
and focus groups, etc.
To precisely study the trends for electric vehicles in the Indian market.
SECONDARY DATA
The data which is collected by someone other than the primary user is called
secondary data.
In order to compare different company’s market share, profit and sales volume we
used to secondary data in our study. In addition to infer the relative changes before
and after celebrity engagement with the brands. Moreover, it provides us the
opportunity to understand the topic in a better way and to frame the project in the
most diligent manner.
Why we administer Ms Excel for the study
Ms Excel has been a crucial software used in the making of this project since it has an
user friendly interface to sort and manage data and show it in an easy-to-understand
way. It is used to make the demographic profile in this project. Moreover, it gives the
provision to reach a definite conclusion in the most relevant, logical, scientific and
systematic way. In a nutshell, it helps to evolve a new insight in the study.
DEMOGRAPHIC PROFILE
AGE NUMBER OF RESPONDENTS PERCENTAGE
15-20 40 20
21-30 140 70
31-40 04 2
41-50 08 4
50> 08 4
TOTAL 200 100
GENDER NUMBER OF RESPONDENTS PERCENTAGE
MALE 96 48
FEMALE 96 48
NON-BINARY 08 4
TOTAL 200 100
OCCUPATION NUMBER OF RESPONDENTS PERCENTAGE
STUDENT 164 82
HOUSE WIFE 08 4
SERVICE HOLDER 024 12
BUSINESSMAN 04 2
OTHERS N/A N/A
TOTAL 200 100
FAMILY INCOME NUMBER OF RESPONDENTS PERCENTAGE
<1 lakh 48 24
1-5 lakh 96 48
5-10 lakh 36 18
10-15 lakh 08 4
15-25 lakh N/A N/A
25-50 lakh 08 4
50 lakh-1 crore N/A N/A
1 crore> 04 2
TOTAL 200 100
EDUCATION NUMBER OF RESPONDENTS PERCENTAGE
UNDER GRADUATE 148 74
PRE GRADUATE 16 8
POST GRADUATE 36 18
TOTAL 200 100
DATA ANALYSIS
We have taken the help of Excel and Google Sheet to analyse the data that we have collected.
Excel provides enormous capacity to perform statistical analyses of databases with hundreds and
thousands of records in a user-friendly way.
 HAVE YOU OWNED AN ELECTRIC VEHICLE?
SL.NO. Particulars Number of
responses
Percentage (%)
1. YES 44 22
2. NO 156 78
TOTAL 200 100
Frome the above response we can tell that 78% of people not owned electric vehicle, on other hand
22% of people owned electric vehicle.
78
22
Have you owned a electric vehicle ?
NO YES
 WHO INFLUENCE YOU TO BUY ELECTRIC VEHICLES?
SL.NO. PARTICULARS NUMBER OF
RESPONSES
PERCENTAGE
(%)
1. Family members 40 20
2. Relatives 12 6
3. Friends 48 24
4. Neighbours 8 4
5. Self-Awareness 92 46
Total 200 100
From the above data we can tell that for purchasing electric vehicles 46% of the people are Influenced
by self-awareness, 4% of people are influenced by neighbours, 20% of people are influenced by
Family members, 24% of people are influenced by their friends and 6% of people are influenced by
their relatives.
20
6
24
4
46
WHO INFLUENCE YOU TO BUY ELECTRIC VEHICLE ?
FAMILY MEMBERS RELATIVES FRIENDS NEIGHBOURS SELF AWARENESS
 HAVE YOU EVER DRIVEN AN ELECTRIC VEHICLE?
SL.NO. PARTICULARS NUMBER OF
RESPONSES
PERCENTAGE
(%)
1. YES 94 47
2. NO 106 53
TOTAL 200 100
In the above data we can see that 53% of people didn’t drove electric vehicles on the other hand
47% of people drove electric vehicle.
53
47
HAVE YOU EVER DRIVEN A ELECTRIC VEHICLE ?
NO YES
 CHOOSE ANY ONE ADVANTAGE FOR CONSIDERING ELECTRIC VEHICLES.
SL.NO. PARTICULARS NUMBERS OF
RESPONSES
PERCENTAGE
(%)
1. ECO FRIENDLY 100 50
2. LOWER RUNNING COSTS 40 20
3. EASY HOME CHARGING 30 15
4. EASY TO DRIVE 24 12
5. GOVERNMENT INCENTIVES 6 3
TOTAL 200 100
From above data we came to know 50% of people consider eco-friendly as advantage of electric
vehicle, 20% of people consider lower running costs as the advantage of electric vehicle, 15% of
people consider easy home charging as the advantage, 12% of people consider easy to drive as an
advantage and 3% of people consider government incentives as an advantage of electric vehicle in
India.
50
20
15
12 3
CHOOSE ANY ONE ADVANTAGE FOR CONSIDERING
ELECTRIC VEHICLE
ECO FRIENDLY LOWER RUNNING COSTS EASY HOME CHARGING
EASY TO DRIVE GOVERNMENT INCENTIVES
 CHOOSE ANY ONE DISADVANTAGE FOR CONSIDERING ELECTRIC VEHICLE.
SL.NO. PARTICULARS NUMBER OF
RESPONSES
PERCENTAGE
(%)
1. RECHARGE POINT FOR
ELECTRIC VEHICLES ARE STILL
IN DEVELOPMENT STAGE
48 24
2. ELECTRICITY IS NOT FREE 32 16
3. LONGER RECHARGE TIME 46 23
4. EXPENSIVE 22 11
5. SHORTAGE OF CHARGING 52 26
TOTAL 200 100
From the above data we can see that 24% of people consider development stage of charging
station for electric vehicles as a disadvantage, 16% of people says electricity is not free, 23% of
people consider longer recharge time as a disadvantage, 11% of people takes expense as a
disadvantage and 26% of people takes shortage of charging station as a disadvantage
24
16
23
11
26
CHOOSE ANY ONE DISADVANTAGE FOR
CONSIDERING ELECTRIC VEHICLE
RECHARGE POINT FOR ELEVTRIC VEHICLES ARE STILL IN DEVELOPMENT
ELECTYRICITY IS NOT FTREE
LONGER RECHARGE TIME
EXPENSIVE
SHORTAGE OF CHARGING STATION
 SHOULD ELECTRIC VEHICLE COSTS LESSER IN INDIA?
From the above data we can see that 31% of people strongly agree to the statement, 54% of the
people agree to the statement, 9% of people keeps neutral, 2% of people disagree to the statement
and 4% of people strongly disagree to the statement.
31
54
9
2 4
SHOULD ELECTRIC VEHICLES COSTS LESSER IN
INDIA ?
STRONGLY AGREE AGREE NEUTRAL DISAGREE STRONGLY DISAGREE
SL.NO. PARTICULARS NUMBER OF
RESPONSE
PERCENTAGE
(%)
1. STRONGLY AGREE 62 31
2. AGREE 108 54
3. NEUTRAL 18 9
4. DIAGREE 4 2
5. STRONGLY DISAGREE 8 4
TOTAL 200 100
 DO YOU THINK HYBRID VEHICLES ARE BETTER THAN ELECTRIC VEHICLES?
SL.NO. PARTICULARS NUMBER OF
RESPONSE
PERCENTAGE
(%)
1. YES 112 56
2. NO 88 44
TOTAL 200 100
From the above data we can see that 56% of people consider hybrid vehicles are better the
electric vehicles while on the other hand 44% of people prefer electric vehicles over hybrid
vehicles.
56
44
DO YOU THINK HYBRID VEHICLES ARE BETTER
THAN ELECTRIC VEHICLES ?
YES NO
 SHOULD ELECTRIC VEHICLES HAVE HIGHER ACCELERATION?
SL.NO. PARTICULARS NUMBER OF
RESPONSE
PERCENTAGE
(%)
1. STRONGLY DISAGREE 26 13
2. DISAGREE 22 11
3. NEUTRAL 66 33
4. AGREE 76 38
5. STRONGLY AGREE 10 5
TOTAL 200 100
From the above data we can see that 13% of people strongly disagreed to the statement, 11% of
people disagreed, 33% of people stays neutral, 38% of people agreed and 5% of people strongly
agreed to the statement.
13
11
33
38
5
SHOULD ELECTRIC VEHICLES HAVE HIGHER
ACCELERATION ?
STROGNLY DISAGREE DISAGREE NEUTRAL AGREE STRONGLY AGREE
 SHOULD THERE BE A CHARGING STATION IN 50km DISTANCE?
SL.NO. PARTICULARS NUMBER OF
RESPONSES
PERCENTAGE
(%)
1. YES 164 82
2. NO 36 18
TOTAL 200 100
From the above data we can see that 82% of people agreed to the statement while in the other
hand 18% of the people disagreed to the statement.
82
18
SHOULD THERE BE A CHARGING STATION IN 50km
DISTANCE ?
YES NO
 ELECTRIC VEHICLES CHARGING STATION SHOULD COSTS HIGHER AS
COMPARE TO PETROL OR DIESEL PRICE?
SL.NO. PARTICULARS NUMBER OF
RESPONSE
PERCENTAGE
(%)
1. YES 62 31
2. NO 138 69
TOTAL 200 100
From the above data we can see 31% of people thinks that charging station should cost higher as
compare to petrol or diesel price on the other hand 69% of people disagreed with the statement.
31
69
ELECTRIC VEHICLES CHARGING STATION SHOULD
COST HIGHER AS COMPARE TO PETROL OR DIESEL
PRICE
YES NO
 ARE YOU CONSIDERING TO BUY AN ELECTRIC VEHICLES IN FUTURE?
SL.NO. PARTICULARS NUMBER OF
RESPONSES
PERCENTAGE
(%)
1. YES 72 36
2. NO 18 9
3. MAYBE 110 55
TOTAL 200 100
From the above data we can see that 36% of people are considering to buy electric vehicle in the
future, 9% of people are not looking forward to buy an electric vehicle in the future while 55% of
people thinks maybe the will buy an electric vehicle in the future.
36
9
55
ARE YOU CONSIDERING TO BUY ANELECTRIC
VEHICLE IN FUTURE ?
YES NO MAYBE
 TO BUY AN ELECTRIC VEHICLE WHAT DO YOU CONSIDER SHOULD BE THE
EFFECTIVE REASON?
SL.NO. PARTICULARS NUMBER OF
RESPONSES
PERCENTAGE
(%)
1. MORE STORAGE 30 15
2. HIGHER RESALE VALUE 26 13
3. COST EFFECTIVE
MAINTAINANCE
90 45
4. SUSTAINABLE 54 27
TOTAL 200 100
From the above data we can see that 15% of people consider storage as the effective reason to buy
an electric vehicle, 13% of people consider higher resale value as the effective reason to buy an
electric vehicle, 45% of people consider cost effective maintenance as the effective reason to buy
an electric vehicle while 27% of people consider sustainability as the effective reason to buy electric
vehicle.
15
13
45
27
TO BUY AN ELECTRIC VEHICLE WHAT DO YOU
CONDIDER SHOULD BE THE EFFECTIVE REASON?
MORE STORAGE HIGHER RESALE VALUE COST EFFECTIVE MAINTAINANCE SUSTAINABLE
 HOW IMPORTANT FOR YOU IS SOMEONE'S ADVICE REGARDING CHOICE OF
A CAR, PARTICULARLY ELECTRIC CAR?
SL.NO. PARTICULARS NUMBER OF
RESPONSE
PERCENTAGE
(%)
1. NOT IMPORTANT AT ALL, I
RELY ON MY OWN
KNOELEDGE
58 29
2. I WILL TAKE INTO
CONSIDERATION OPINION OF
MY FAMILY AND FRIENDS
76 38
3. I WILL TAKE INTO ADVICE OF
PROFESSIONALS
36 18
4. I WILL PAY ATTENTION TO
EVERY SUGGESTIONS I CAN
RECIEVE
30 15
TOTAL 200 100
From the above data we can see that 29% of people rely on their own knowledge while buying
electric vehicles, 38% of people will consider the opinion from their family and friends, 18% of
people will take advice of the professionals and 15% of people will pay attention to every
suggestion they can receive.
29
38
18
16
HOW IMPORTANT FOR YOU IS SOMEONE'S
ADVICE REGARDING CHOICE OF A CAR,
PARTICULARLY ELECTRIC CAR?
NOT IMPORTANT AT ALL, I RELY ON MY OWN KNOWLEDGE
I WILL TAKE INTO CONSIDERATION OPINION OF MY FAMILY AND FRIENDS
I WLL TAKE INTO ADVICE OF PROFESSIONALS
I WILL PAY ATTENTION TO EVERY SUGGESTIONS I CAN RECEIVE
 BUYING ELECTRIC VEHICLES DOES NOT HAVE ANY INFLUENCE ON MY
SELF IMAGE
SL.NO. PARTICULARS NUMBER OF
RESPONSES
PERCENTAGE
(%)
1. STRONGLY AGREE 52 26
2. AGREE 76 38
3. NEUTRAL 54 27
4. DISAGREE 14 7
5. STRONGLY DISAGREE 4 2
TOTAL 200 100
From the above data we come to know that 26% of people strongly agree to the statement, 38% of
the people agree to the statement, 27% stays neutral, 7% of people disagreed and 2% of people
strongly disagreed to the statement.
26
38
27
7 2
BUYING ELECTRIC VEHICLES DOES NOT HAVE ANY
INFLUENCE ON MY SELF IMAGE
STRONGLY AGREE AGREE NEUTRAL DISAGREE STRONGLY DISAGREE
 DO ELECTRIC CARS BREAK DOWN MORE?
SL.NO. PARTICULARS NUMBER OF
RESPONSES
PERCENTAGE
(%)
1. YES 94 47
2. NO 106 53
TOTAL 200 100
From the above data we see that 47% people says that electric cars breakdown more while on the
other hand 53% of people says that electric vehicles do not breakdown.
47
53
DO ELECTRIC CARS BREAK DOWN MORE?
YES NO
 WHICH ELECTRIC VEHICLE BRAND WILL YOU PREFER TO BUYING IN
INDIA?
SL.NO. PARTICULARS NUMBER OF
RESPONSES
PERCENTAGE
(%)
1. MAHINDRA ELECTRIC 36 18
2. TATA MOTORS 110 55
3. HYUNDAI 32 16
4. OLA ELECTRIC 14 7
5. KONA ELECTRIC 0 0
6. HERO ELECTRIC 4 2
7. MENZA MOTORS 4 2
TOTAL 200 100
55% of the people prefer TATA MOTORS, 18% people prefer MAHINDRA ELECTRIC, 16%
people prefer HYUNDAI, 7% prefer OLA ELECTRIC, 2% likes HERO ELECTRIC, 2% likes
MENZA MOTORS, and KONA ELECTRIC preferred by 0%.
18
55
16
7
0 2
2
WHICH ELECTRIC VEHICLE BRAND WILL YOU
PREFER TO BUYING IN INDIA?
MAHINDRA ELECTRIC TATA MOTORS HYUNDAI OLA ELECTRIC
KONA ELECTRIC HERO ELECTRIC MENZA MOTORS
CONCLUSION
The progress that the electric vehicle industry has seen in recent years is not only extremely
welcomed, but highly necessary in light of the increasing global greenhouse gas levels. As
demonstrated within the economic, social, and environmental analysis sections of this project, the
benefits of electric vehicles far surpass the costs. The biggest obstacle to the widespread adoption
of electric-powered transportation is cost related, as gasoline and the vehicles that run on it are
readily available, convenient, and less costly. As is demonstrated in our timeline, we hope that
over the course of the next decade technological advancements and policy changes will help ease
the transition from traditional fuel-powered vehicles. Additionally, the realization and success of
this industry relies heavily on the global population, and it is our hope that through mass
marketing and environmental education programs people will feel incentivized and empowered to
drive an electric-powered vehicle. Each person can make a difference, so go electric and help
make a difference!
Although the electric vehicle market is currently a lucrative goal for companies and start-ups in
India, several obstacles still remain to be addressed in order for EVs to be ready for mass
adoption. High-cost barriers include, for example, manufacturing electric vehicles domestically.
Similarly, battery manufacturing is essentially a costly venture. The Indian Government must
concentrate its energies on promoting technological disruption to resolve these challenges. The
government would also need to provide enhanced tax incentives and subsidies to potential car
owners and suppliers in order to quicker adoption of EVs.
ACKNOWLEDGEMENT
We hereby thank our respected teachers for providing us with this immense opportunity to work
on this project. Special thanks to Dr. Professor Soumya Mukherjee for being our ultimate guide
com friend grateful for his insightful leadership and continuous support throughout the project.
It’s impossible to work without the cooperation of the team thus we would like to thank each and
everyone involved in this project.
Our leader Biswajit Das for his expertise and constant help with all aspect of the project, Soham
Roy for his proficiency in technical operations and in his unbeatable will of providing solution to
any problem when in need, followed by Krishnayan Nath for his technical assistance, being the
sincere person in the group and for his dedication towards his jobs finally Debjit Pramanik and
Moumita Saha for their charismatic personality which led to the uniform, cohesive operation of
the team and their creative ideas which led to the proper brainstorming session we had.
Lastly, we are grateful to our friends and family for their immense helping and support
throughout the process.
REFERENCE
1. Berckmans, G.; Messagie, M.; Smekens, J.; Omar, N.; Vanhaverbeke, L.; Mierlo, J. Van.
Cost Projection of State of the Art Lithium-Ion Batteries for Electric Vehicles up to 2030.
Energies 2017, 10.
2. Srinivasan, R & S. Dhankar, Raj. (2011). Demand for hybrid car in Indian metro cities. Int. J.
of Electric and Hybrid Vehicles. 3. 1 - 19. 10.1504/IJEHV.2011.040470.
3. IEA. Technology Roadmap, Electric and Plug-in Hybrid. Electric Vehicles (EV/PHEV);
International Energy Agency: Paris, France, 2009.
4. IEA, 2015. Energy and Climate Change: World Energy Outlook Special Report.
International Energy Agency.
5. India Electric Vehicles Market: TOC by Persistence Market Research, Dec-2017.
6. KumaarMaini, Chetan. (2005). REVA Electric car: a case study of innovation at RECC.
International Journal of Technology Management - Vol. 32. Issue 1-2.
7. MehrdadEhsani, YiminGao, Stefano Longo, KambizEbrahimi, (2018) Modern.
8. UNFCCC (2015), Paris Declaration on Electro-Mobility and Climate Change and Call to.

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PRESENTS AND FUTURE TRENDS FOR ELECTRIC VHICLES IN INDIA.docx

  • 1. INTRODUCTION In the modern world, the use of fossil fuels are multiplied whereas the reserves are depleting. To minimize the depletion, the world has came up with an alternative; Electricity. These vehicles use electric motors and emit zero harmful gases compared to the vehicles using combustible fuels emitting harmful gases polluting the environment. The few Indian Brands which are trying to revolutionize the Indian market by making EVs are follows: 1. Tata motors - Tata Motors Limited is an Indian multinational automotive manufacturing company, headquartered in the city of Mumbai, India. Tata Motors continues to dominate the electric vehicle segment in India. In February, the carmaker registered more than four- fold rise in sale of its electric four-wheelers in the passenger vehicle segment. With 2,264 units of its EVs, which include the Nexon EV and Tigor EV, Tata Motors currently shares a massive 96.26 percent market share in the segment, way ahead of any other rivals. Tata's electric cars are also the most affordable EVs in the four-wheeler segment currently in India. 2. Ashok Leyland - Ashok Leyland is an Indian multinational automotive manufacturer, headquartered in Chennai. It is owned by the Hinduja Group. Ashok Leyland plans to set up manufacturing facility to roll out electric vehicles in India. New Delhi: Bullish on the future of green mobility, the Hinduja Group flagship Ashok Leyland plans to set up a new manufacturing facility in the country to roll out electric vehicles, according to a top company official. The company has already announced a $200 million (nearly Rs 1,500 crore) investment through its UK-based arm Switch Mobility for electric mobility. 3. Mahindra Electric Mobility Limited - Mahindra Electric Mobility Limited, formerly known as the Reva Electric Car Company, is an Indian company based in Bangalore, India which is part of Mahindra Group involved in designing and manufacturing of compact electric vehicles. The company's first vehicle was the REVA electric car, available in 26 countries with more than 4,000 of its different versions sold worldwide by mid-March 2011. Today, the company sells electric vehicles in different segments – the electric sedan eVerito, the electric commercial vehicle eSupro (passenger and cargo), and the Treo range of low maintenance, lithium-ion battery-powered three-wheelers. Recently, Mahindra Electric became the first Indian car manufacturer to cross 170 million kilometers traveled on its fleet. 4. Ather Energy - Ather Energy is an Indian electric vehicle company, headquartered in Bangalore. It was founded by Tarun Mehta and Swapnil Jain in 2013. It manufactures two electric scooters - the Ather 450X and the Ather 450 Plus. It has also established electric
  • 2. vehicle charging infrastructure across the country called Ather Grid. Ather Energy began operations at its production facility in Hosur, Tamil Nadu, on 2 January 2021. The new Ather factory has an annual capacity of 1,10,000 scooters and 1,20,000 battery packs. The company currently has a presence in 27 cities across 15 states. Ather Energy also establishes Ather Grid, an electric vehicle charging infrastructure in cities it is present in. The company has set up over 220 fast charging points in 23 cities across India as of November 2021. 5. Hero Electric - Hero Electric is India’s first and largest manufacturer of electric 2-wheelers with hundreds of thousands happy customers and growing. HERO ELECTRIC is a pioneer and market leader in the Indian Electric Two-Wheeler industry. Every product manufactured by us is closely inspected, rigorously tested by quality engineers and put through 46 stringent quality checks before it reaches our customers. Hero Electric is a SA 8000 certified organization that is environmentally conscious, socially responsible and professionally ethical in its business operations. The electric vehicle industry in India is a growing industry. The central and state governments have launched schemes and incentives to promote electric mobility in the country and some regulations and standards are also in place. While the country stands to benefit in a large way by switching its transport from IC engines to electric motor-powered, there are challenges like lack of charging infrastructure, high initial cost and lack of electricity produced from renewable energy. Still, e-commerce companies, car manufacturers, app-based transportation network companies and mobility solution providers have entered the sector and are slowly building up electric car capacity and visibility. Benefits - Electric vehicles are around 3-5 times more efficient than internal combustion vehicles in utilizing energy. Even if electric vehicles run on electricity produced from fossil fuels, the overall efficiency of electric vehicles is still higher and the pollution is less, because large thermal power plants are much more efficient than IC engines, and it is easier to control emissions from power plants than vehicle engines. Electric vehicles save energy by regenerative braking. Around 30%-70% of the energy used for propulsion can be recovered, with higher percentages applicable to stop-and-go city driving. Air quality indices related to India indicate that the air in many cities of India is no longer healthy. Automobile related pollution has been one of the causes for this. Mobility solution providers - In 2015, Bangalore based Lithium Technologies launched a fully electric taxi service for corporates.[110] In June 2017, Bangalore based logistic group Baghirathi Travel Solutions is one of the EV fleet Transport company.
  • 3. In January 2019, BluSmart Mobility launched an all-electric cab service in Delhi-NCR with a fleet of 70 Mahindra eVerito cars. It has plans of expansion to 400 cars by March 2019 Top Electric vehicle Brands – TATA MAOTORS, MAHINDRA ELECTRIC, ATHER ELECTRIC, ASHOK LEYLAND, HERO ELECTRIC. TATA MOTORS sales has increased from 9111(2020) to 13500 (2022) the growth rate is about 150% in 2022.The most selling model of TATA MOTORS is TATA NEXON EV. HERO ELECTRIC sales has increased from 7000(2020) to 7763(2021) the growth rate is about 10.3% in 2022. HERO ELECTRIC OPTIMA EX is the most selling model of HERO ELECTRIC. ASHOK LEYLAND sales increased from 10480(2020) to 13939(2021) the growth rate is about 28.3% in 2022. ATHER ENERGY sales increased from 474(2020) to 2825(2021) the growth rate is about 142.5% in 2022. ATHER 450X is the most selling two-wheeler model of ATHER ENERGY. MAHINDRA & MAHINDRA sales increased from 10000(2020) to 12500(2021) the growth rate is about 22% in 2022. MAHINDRA TREO is the most selling model of MAHINDRA & MAHINDRA. 0 5000 10000 15000 20000 25000 TATA MOTORS HERO ELECTRIC ASHOK LEYLAND ATHER ENERGY MAHINDRA SALES(2020) SALES(2021)
  • 4. TATA MOTORS reported revenue of around 2.5 trillion Indian rupees in the 2021 financial year. In 2020 they made a revenue of 7.7 trillion Indian rupees. HERO ELECTRIC reported revenue of around 314 billion Indian rupees during 2021 financial year. In 2020 they made a revenue of ASHOK LEYLAND reported revenue of around 174.67 billion Indian rupees in 2020 financial year. In 2021 they made a revenue of 153.01 billion Indian rupees. ATHER ENERGY reported revenue of around 0.353 million Indian rupees during 2020 financial year. In 2021 they made a revenue of 0.798 million Indian rupees. MAHINDRA & MAHINDRA reported revenue of around 445 billion India rupees in 2021 financial year. In 2020 they made a revenue of 424 million Indian rupees. 0 100000 200000 300000 400000 500000 600000 700000 800000 TATA MOTORS HERO ELECTRIC ASHOK LEYLAND ATHER ENERGY MAHINDRA Chart Title 2021(in crores) 2020( in crores)
  • 5. Energy Security: Hybrid electric vehicles (HEVs) typically use less fuel than similar conventional vehicles, because they employ electric-drive technologies to boost vehicle efficiency through regenerative braking—recapturing energy otherwise lost during braking. Plug-in hybrid electric vehicles (PHEVs) and all-electric vehicles (EVs), also referred to as battery electric vehicles, are both capable of being powered solely by electricity, which is produced in the United States from natural gas, coal, nuclear energy, wind energy, hydropower, and solar energy. Costs: Although energy costs for hybrid and plug-in electric vehicles are generally lower than for similar conventional vehicles, purchase prices can be significantly higher. Prices are likely to equalize with conventional vehicles, as production volumes increase and battery technologies continue to mature. Also, initial costs can be offset by fuel cost savings. The Hybrid cars are easy to use since they run on both electricity and fuel and has a greater mileage and comparatively costs higher than fully electric vehicles. The cost of vehicles are higher than that of normal vehicles but for the long run the price compensates the costs of other aftermarket accessories and fuels. Fuel Economy: The fuel economy of medium- and heavy-duty PHEVs and EVs is highly dependent on the load carried and the duty cycle, but in the right applications, PEVs maintain a strong fuel-to-cost advantage over their conventional counterparts. Infrastructure Availability: PHEVs and EVs have the benefit of flexible charging. Since the electric grid is in close proximity to most locations where people park, they can charge overnight at a residence, as well as at a multi- unit dwelling, workplace, or public charging station when available. PHEVs have added flexibility because they can also refuel with petrol or diesel (or possibly other fuels in the future) when necessary. Public charging stations, or electric vehicle supply equipment, are not as ubiquitous as gas stations. Charging equipment manufacturers, automakers, utilities, Clean Cities coalitions, municipalities, and government agencies are rapidly establishing a national network of public charging stations. The number of publicly accessible charging stations in India are 1640.
  • 6. Emissions: The transport sector accounts for 18% of total energy consumption in India. This translates to an estimated 94 million tone of oil equivalent (MTOE) energy. If India were to follow the current trends of energy consumption, it would require an estimated 200 MTOE of energy supply annually, by the year 2030 to meet the demand of this sector. At the moment, this demand is being met mostly through imported crude oil, which therefore makes this sector vulnerable to the volatile International crude oil prices. Since the vehicles run on electricity and rechargeable sources, the emissions done are zero compared to that of crude oil (petrol/diesel) powered vehicles. These renewable or rechargeable powered motors produce no sound hence contributing none or zero noise pollution. Batteries: EV batteries today have warranty of 3 to 8 years, across electric 2-wheeler, 3-wheeler and 4-wheeler categories. The actual battery warranty may vary depending upon the vehicle usage. EVs are equipped with high-speed powertrains therefore EVs offer better acceleration and speed. As far as speed is concerned, EVs available in the Indian market have top speeds depending upon the model selected / opted. EVs have a high starting torque as compared to ICE counterparts and accelerate faster. Time of EV charging depends upon the type of charger adopted for charging. Currently available EVs across vehicle segments (2-wheeler, 3-wheeler, 4-wheeler) can be charged from 0%-80% in around, 1 – 5 hours from Slow/Moderate chargers while using Fast chargers, EVs can be charged in less than 1 hour. Fast chargers are mainly used to charge electric 4-wheeler. Rate of charging is also dependent upon Cell Chemistry. Sustainability: Since the electric vehicles wear out easily due to rough usage and short distance travelling. The use of electric motor bikes are generally used for delivering amentities in a city where the fuel using bikes get heated up. To keep the vehicles in use the companies recycle Lithium Ion batteries. The companies are replacing the batteries with other electro chemical charges which are easily accessible and costs lesser than the predecessors. The sole motive of this changes are to sustain the vehicles for a longer time and provide the consumers with an affordable vehicle.
  • 7. LITERATURE REVIEW The literature search is mainly focused on topics related to Electric and Hybrid vehicles. The review of publications and research work revealed the basic guidelines and positive result expected, in favour of society and future demand for saving of fossil fuel and environment pollution point of view. EVs will depend heavily on progress in battery technology, to bring down costs and increase energy density, and on the provision of a suitable recharging infrastructure. Electric vehicles use an electric motor for traction, chemical batteries, fuel cells, ultra- capacitors, and flywheels. The electric vehicle has advantages of emissions, high efficiency and smooth operation. They energy consumption and emissions for plug-in hybrid electric vehicles in China found that compared to gasoline vehicles there is 37.5% less energy consumption and 35% less greenhouse gas emissions. Inass Salamah Ali (2019) says about the benefits of EVs and HEVs. It indicated potential requirement of the design and development of globally competitive small electric concept vehicle for India and concluded that EVs are the best solution to reduce cities pollution with many societal and economic benefits by EVs and HEVs use. It also outlined the role Government and worldwide communities played to promote and accelerate EV program. Praveen Kumar (2010) in a survey quoted that, “The energy efficient vehicles are self sustainable and easy to use.” The activities related to transportation have emphasized the highly-efficient safe transportation with reduced emissions. Electric vehicles have been proposed to replace conventional vehicles in the future and they studied how financial incentive and socio economic aspect of consumers increase electric vehicle adoption in many countries. Many governments have started financial policies to encourage electric vehicle adoption however decision makers have to take a long term perspective to get them implemented efficiently . Due to fossil fuel reserves depletion, environmental harms, and global warming alternative fuel is required for sustainability. The study said that people with conventional thinking, are more concerned for environment and Indian consumers are prepared to pay additional cost for an environmental friendly car.
  • 8. AMEY JOSHI (2020) confessed that electric/hybrid vehicles are better than fuel based vehicles. Before switching to the Tata Nexon EV a few months ago automotive engineer-turned- business Amey Joshi owned two Tata SUV, Safari Storme and the Aria. But both existed his garage after the EV made its entry. There were two things which got me interested in the Nexon EV. First is the price and second is its at-par performance with a ICE vehicle such as acceleration and other driving performance. Vishnu Prasath (2020) proposed the fact “In respect to electric vehicles people are bit sceptical about the range too much.” Except for the initial few months, in one year that I have spent with the Ather, I never really faced situation where we felt the dire need for a recharge. We charge the vehicle ever third day and that's it. We never had a motorcycle within the family. But interestingly even my friends who own bikes like the Honda Unicorn were left surprised with the pick-up that my Ather offered. Masurali.A (2019) gave an emphasis of the emissions of vehicles causing pollution in India The Electric Vehicle (EV) is one of the foremost feasible alternative solutions to beat the crises. Several automotive companies are introducing EVs and are expanding their portfolio. Promoting EVs can help reduce fuel dependence and pollution and beneficial for both consumers and the nation. The education of people has significantly higher influence over their awareness level on EVs. Apart from manufacturers, Government should strive hard to spread awareness and influence positive perception among potential customers. Pretty Bhalla(2021) stated that electric vehicles have premium looks and promises an aristrocacy among peers. Choice of cars depends upon environmental concern, cost, comfort, trust, technology, social acceptance, infrastructure availability. These arguments have been tested for both conventional cars and EVs. They assume that these factors have direct influence on individual choice of vehicle. They found that EV manufacturers and Government have to invest more in social acceptance of the vehicle by creating more infrastructural facilities, putting more thrust on technology to create trust. The analysis depicts that the population is well aware of the environmental benefits. The responsibility lies on the shoulders of the Government and manufacturers to investing in the manufacturing of vehicles. Sanjeevikumar Padmanaban (2021) as an environmental activist, the level of pollution on global scale is much and the number of vehicles in a single country can deplete pollution on a larger scale. Global pollution is on the rise and each effort made, is to cut back the CO2 emissions and save the earth. One such effort is the introduction of EVs. The transport sector is one in all the largest emitter of CO2 and hence it's important to reduce it. The government has come up with ambitious plans of introducing EVs to the Indian market and confine pace with the event of EVs globally. The National Electric Mobility Mission Plan 2020 has included an in-
  • 9. depth report on the EVs. India encompasses a huge challenge in shifting the transportation sector from ICE engines to EVs. This needs lots of planning along with R&D. Charging infrastructure must be adequately build to deal with range anxiety. It’s vital to form demand generation by making all government buses electric and offering tax exemptions for personal EV owners. Yash Sharma(2021) gives a plus point of vehicles gaining popularity in India. Developing an aggressive strategy for the adoption of EVs in India and ensuring a well- executed implementation is a challenge but vital for government. The geography and diversity of India will present problems that require thoughtful solutions. Public procurement is expected to be an important driver of growth of EVs, with the purchase of four-wheeled vehicles for government offices, three-wheeled vehicles and buses for public transport. Investments by fleet operators such as Ola and Uber, and operators of food distribution services, are also expected to boost the initial growth of two- and four-wheeled electric vehicles. However, the private EVs may take 5-6 years to gain popularity and acceptance. Kushan Parikh (2021) prefers petrol and diesel vehicles over electric vehicles for longer distance. Users of scooters, who need only to travel short distances, may consider an EV, but those, who need to travel longer distances and already own bikes like a Hero Splendor, may find it difficult to move to an e-2W. For cars, it is relatively simple to improve the range with increased battery size for electric 2Ws though, every increase in kWh may provide an extra 30km in range, but the increase in weight is around 10kg, approximately a 10% increase in the total weight of the bike. This weight issue is even more pronounced in smaller bikes (less than 150cc). Varsha A. Shah (2020) says, “We should concentrate on using more cleaner fuels like electricity over fossile fuels because of pollution”. Indian Scenario is different because the current market share of EV/PHEV is around 0.1%. Presently almost all vehicles consider fossil fuel-based transportation. These pollute the atmosphere by the emission of greenhouse gases & causes global warming. The gap between domestic petroleum production and consumption is widening. India imports around 70% of oil required per annum. Hence there's an urgent need to investigate factors and challenges for sustainable and cleaner alternatives.
  • 10. Objectives of the study The objectives of our study are stated as follows:  To Understand the Indian Automobile Production and Sales Trends.  To Understand the Emission Standards for India  To Investigate Structure of Vehicle Standard by Light Duty Vehicle Energy Consumption.  To Investigate Global Warming Emission Reduction Under Light Duty Vehicle Standards.  To Understand the Indian Electric Vehicle Market Challenges and Opportunities. Research Methodology In India, EVs are scarce on the road and are not available readily in the market. Potential adopters/users of EVs may have never even seen, driven or charged such vehicles. People have limited familiarity with the characteristics of these vehicles. The data collection was done through a structured questionnaire. The developed instrument contained information on constructs and their constituents. The designed questionnaire had two parts. The first part focused on the data related to demographic characteristics of the respondents: this covered gender, age, education, household income and cars in the household. Approach The aim behind conducting research is to examine the existing theories, set up new theories or adding new knowledge to existing theories on the basis of latest findings (Saunders et al. 2009). Understanding of research approach is essential as it enables the researcher to focus and look at in-depth of the problem and make a decision on how to solve the problem, naming, and approaching the research topic (Saunders et al 2007). The logic of this study is deductive as the purpose of this study is to test the hypotheses, and draw conclusion on the basis of statistical analysis of the data with the ability to be generalised (Lee and Lings 2008). The approach adapted in our study is deductive in nature i.e., the purpose of conducting this research is to test the hypothesis and draw conclusion as to figure out the result by applying statistical tools to analyse the data to reach to an answer.
  • 11. EMPIRICAL STUDY The study being empirical in nature where the conclusions of the studies are strictly drawn from empirical evidence, and therefore “verifiable” evidence. (Needs to be added) Typically, empirical research embodies the following elements  A research question, which will determine research objectives.  A particular and planned design for the research, which will depend on the question and which will find ways of answering it with appropriate use of resources.  The gathering of primary data, which is then analysed.  The limitation of the data to a particular group, area or time scale, known as a sample. For example, a specific number of employees of a particular company type, or all users of a library over a given time scale. The sample should be somehow representative of a wider population.  The ability to recreate the study and test the results. This is known as reliability.  The ability to generalize from the findings to a larger sample and to other situations. SAMPLING TECHNIQUE There are two types of sampling techniques - Probability Sampling and Non – Probability Sampling. 1. Probability Sampling: Probability Sampling is a sampling technique where a researcher sets a selection of a few criteria and chooses members of a population randomly. All the members have an equal opportunity to be a part of the sample with this selection parameter. 2. Non – Probability Sampling: In non – probability sampling, the researcher chooses members for research at random. This sampling method is not a fixed or predefined selection process. This makes it difficult for all elements of a population to have equal opportunities to be included in a sample. SIMPLE RANDOM SAMPLING (SRS) The sampling method used for collecting data is Simple Random Sampling (SRS) in statistics, a simple random sample is a subset of individuals chosen from a larger set
  • 12. in which a subset of individuals is chosen randomly, all with the same probability of being chosen. We have chosen this method to collect our data because it is an unbiased sampling technique in which each subset of population has the same probability to be chosen for sample as any other subset of the population. PRIMARY DATA Primary data is the data that is collected for the first time through personal experiences or evidence, particularly for research. It is also described as raw data or first – hand information. The data is mostly collected through observations, physical testing, mailed questionnaires, surveys, personal interviews, telephonic interviews, case studies, and focus groups, etc. To precisely study the trends for electric vehicles in the Indian market. SECONDARY DATA The data which is collected by someone other than the primary user is called secondary data. In order to compare different company’s market share, profit and sales volume we used to secondary data in our study. In addition to infer the relative changes before and after celebrity engagement with the brands. Moreover, it provides us the opportunity to understand the topic in a better way and to frame the project in the most diligent manner. Why we administer Ms Excel for the study Ms Excel has been a crucial software used in the making of this project since it has an user friendly interface to sort and manage data and show it in an easy-to-understand way. It is used to make the demographic profile in this project. Moreover, it gives the provision to reach a definite conclusion in the most relevant, logical, scientific and systematic way. In a nutshell, it helps to evolve a new insight in the study.
  • 13. DEMOGRAPHIC PROFILE AGE NUMBER OF RESPONDENTS PERCENTAGE 15-20 40 20 21-30 140 70 31-40 04 2 41-50 08 4 50> 08 4 TOTAL 200 100 GENDER NUMBER OF RESPONDENTS PERCENTAGE MALE 96 48 FEMALE 96 48 NON-BINARY 08 4 TOTAL 200 100 OCCUPATION NUMBER OF RESPONDENTS PERCENTAGE STUDENT 164 82 HOUSE WIFE 08 4 SERVICE HOLDER 024 12 BUSINESSMAN 04 2 OTHERS N/A N/A TOTAL 200 100
  • 14. FAMILY INCOME NUMBER OF RESPONDENTS PERCENTAGE <1 lakh 48 24 1-5 lakh 96 48 5-10 lakh 36 18 10-15 lakh 08 4 15-25 lakh N/A N/A 25-50 lakh 08 4 50 lakh-1 crore N/A N/A 1 crore> 04 2 TOTAL 200 100 EDUCATION NUMBER OF RESPONDENTS PERCENTAGE UNDER GRADUATE 148 74 PRE GRADUATE 16 8 POST GRADUATE 36 18 TOTAL 200 100
  • 15. DATA ANALYSIS We have taken the help of Excel and Google Sheet to analyse the data that we have collected. Excel provides enormous capacity to perform statistical analyses of databases with hundreds and thousands of records in a user-friendly way.  HAVE YOU OWNED AN ELECTRIC VEHICLE? SL.NO. Particulars Number of responses Percentage (%) 1. YES 44 22 2. NO 156 78 TOTAL 200 100 Frome the above response we can tell that 78% of people not owned electric vehicle, on other hand 22% of people owned electric vehicle. 78 22 Have you owned a electric vehicle ? NO YES
  • 16.  WHO INFLUENCE YOU TO BUY ELECTRIC VEHICLES? SL.NO. PARTICULARS NUMBER OF RESPONSES PERCENTAGE (%) 1. Family members 40 20 2. Relatives 12 6 3. Friends 48 24 4. Neighbours 8 4 5. Self-Awareness 92 46 Total 200 100 From the above data we can tell that for purchasing electric vehicles 46% of the people are Influenced by self-awareness, 4% of people are influenced by neighbours, 20% of people are influenced by Family members, 24% of people are influenced by their friends and 6% of people are influenced by their relatives. 20 6 24 4 46 WHO INFLUENCE YOU TO BUY ELECTRIC VEHICLE ? FAMILY MEMBERS RELATIVES FRIENDS NEIGHBOURS SELF AWARENESS
  • 17.  HAVE YOU EVER DRIVEN AN ELECTRIC VEHICLE? SL.NO. PARTICULARS NUMBER OF RESPONSES PERCENTAGE (%) 1. YES 94 47 2. NO 106 53 TOTAL 200 100 In the above data we can see that 53% of people didn’t drove electric vehicles on the other hand 47% of people drove electric vehicle. 53 47 HAVE YOU EVER DRIVEN A ELECTRIC VEHICLE ? NO YES
  • 18.  CHOOSE ANY ONE ADVANTAGE FOR CONSIDERING ELECTRIC VEHICLES. SL.NO. PARTICULARS NUMBERS OF RESPONSES PERCENTAGE (%) 1. ECO FRIENDLY 100 50 2. LOWER RUNNING COSTS 40 20 3. EASY HOME CHARGING 30 15 4. EASY TO DRIVE 24 12 5. GOVERNMENT INCENTIVES 6 3 TOTAL 200 100 From above data we came to know 50% of people consider eco-friendly as advantage of electric vehicle, 20% of people consider lower running costs as the advantage of electric vehicle, 15% of people consider easy home charging as the advantage, 12% of people consider easy to drive as an advantage and 3% of people consider government incentives as an advantage of electric vehicle in India. 50 20 15 12 3 CHOOSE ANY ONE ADVANTAGE FOR CONSIDERING ELECTRIC VEHICLE ECO FRIENDLY LOWER RUNNING COSTS EASY HOME CHARGING EASY TO DRIVE GOVERNMENT INCENTIVES
  • 19.  CHOOSE ANY ONE DISADVANTAGE FOR CONSIDERING ELECTRIC VEHICLE. SL.NO. PARTICULARS NUMBER OF RESPONSES PERCENTAGE (%) 1. RECHARGE POINT FOR ELECTRIC VEHICLES ARE STILL IN DEVELOPMENT STAGE 48 24 2. ELECTRICITY IS NOT FREE 32 16 3. LONGER RECHARGE TIME 46 23 4. EXPENSIVE 22 11 5. SHORTAGE OF CHARGING 52 26 TOTAL 200 100 From the above data we can see that 24% of people consider development stage of charging station for electric vehicles as a disadvantage, 16% of people says electricity is not free, 23% of people consider longer recharge time as a disadvantage, 11% of people takes expense as a disadvantage and 26% of people takes shortage of charging station as a disadvantage 24 16 23 11 26 CHOOSE ANY ONE DISADVANTAGE FOR CONSIDERING ELECTRIC VEHICLE RECHARGE POINT FOR ELEVTRIC VEHICLES ARE STILL IN DEVELOPMENT ELECTYRICITY IS NOT FTREE LONGER RECHARGE TIME EXPENSIVE SHORTAGE OF CHARGING STATION
  • 20.  SHOULD ELECTRIC VEHICLE COSTS LESSER IN INDIA? From the above data we can see that 31% of people strongly agree to the statement, 54% of the people agree to the statement, 9% of people keeps neutral, 2% of people disagree to the statement and 4% of people strongly disagree to the statement. 31 54 9 2 4 SHOULD ELECTRIC VEHICLES COSTS LESSER IN INDIA ? STRONGLY AGREE AGREE NEUTRAL DISAGREE STRONGLY DISAGREE SL.NO. PARTICULARS NUMBER OF RESPONSE PERCENTAGE (%) 1. STRONGLY AGREE 62 31 2. AGREE 108 54 3. NEUTRAL 18 9 4. DIAGREE 4 2 5. STRONGLY DISAGREE 8 4 TOTAL 200 100
  • 21.  DO YOU THINK HYBRID VEHICLES ARE BETTER THAN ELECTRIC VEHICLES? SL.NO. PARTICULARS NUMBER OF RESPONSE PERCENTAGE (%) 1. YES 112 56 2. NO 88 44 TOTAL 200 100 From the above data we can see that 56% of people consider hybrid vehicles are better the electric vehicles while on the other hand 44% of people prefer electric vehicles over hybrid vehicles. 56 44 DO YOU THINK HYBRID VEHICLES ARE BETTER THAN ELECTRIC VEHICLES ? YES NO
  • 22.  SHOULD ELECTRIC VEHICLES HAVE HIGHER ACCELERATION? SL.NO. PARTICULARS NUMBER OF RESPONSE PERCENTAGE (%) 1. STRONGLY DISAGREE 26 13 2. DISAGREE 22 11 3. NEUTRAL 66 33 4. AGREE 76 38 5. STRONGLY AGREE 10 5 TOTAL 200 100 From the above data we can see that 13% of people strongly disagreed to the statement, 11% of people disagreed, 33% of people stays neutral, 38% of people agreed and 5% of people strongly agreed to the statement. 13 11 33 38 5 SHOULD ELECTRIC VEHICLES HAVE HIGHER ACCELERATION ? STROGNLY DISAGREE DISAGREE NEUTRAL AGREE STRONGLY AGREE
  • 23.  SHOULD THERE BE A CHARGING STATION IN 50km DISTANCE? SL.NO. PARTICULARS NUMBER OF RESPONSES PERCENTAGE (%) 1. YES 164 82 2. NO 36 18 TOTAL 200 100 From the above data we can see that 82% of people agreed to the statement while in the other hand 18% of the people disagreed to the statement. 82 18 SHOULD THERE BE A CHARGING STATION IN 50km DISTANCE ? YES NO
  • 24.  ELECTRIC VEHICLES CHARGING STATION SHOULD COSTS HIGHER AS COMPARE TO PETROL OR DIESEL PRICE? SL.NO. PARTICULARS NUMBER OF RESPONSE PERCENTAGE (%) 1. YES 62 31 2. NO 138 69 TOTAL 200 100 From the above data we can see 31% of people thinks that charging station should cost higher as compare to petrol or diesel price on the other hand 69% of people disagreed with the statement. 31 69 ELECTRIC VEHICLES CHARGING STATION SHOULD COST HIGHER AS COMPARE TO PETROL OR DIESEL PRICE YES NO
  • 25.  ARE YOU CONSIDERING TO BUY AN ELECTRIC VEHICLES IN FUTURE? SL.NO. PARTICULARS NUMBER OF RESPONSES PERCENTAGE (%) 1. YES 72 36 2. NO 18 9 3. MAYBE 110 55 TOTAL 200 100 From the above data we can see that 36% of people are considering to buy electric vehicle in the future, 9% of people are not looking forward to buy an electric vehicle in the future while 55% of people thinks maybe the will buy an electric vehicle in the future. 36 9 55 ARE YOU CONSIDERING TO BUY ANELECTRIC VEHICLE IN FUTURE ? YES NO MAYBE
  • 26.  TO BUY AN ELECTRIC VEHICLE WHAT DO YOU CONSIDER SHOULD BE THE EFFECTIVE REASON? SL.NO. PARTICULARS NUMBER OF RESPONSES PERCENTAGE (%) 1. MORE STORAGE 30 15 2. HIGHER RESALE VALUE 26 13 3. COST EFFECTIVE MAINTAINANCE 90 45 4. SUSTAINABLE 54 27 TOTAL 200 100 From the above data we can see that 15% of people consider storage as the effective reason to buy an electric vehicle, 13% of people consider higher resale value as the effective reason to buy an electric vehicle, 45% of people consider cost effective maintenance as the effective reason to buy an electric vehicle while 27% of people consider sustainability as the effective reason to buy electric vehicle. 15 13 45 27 TO BUY AN ELECTRIC VEHICLE WHAT DO YOU CONDIDER SHOULD BE THE EFFECTIVE REASON? MORE STORAGE HIGHER RESALE VALUE COST EFFECTIVE MAINTAINANCE SUSTAINABLE
  • 27.  HOW IMPORTANT FOR YOU IS SOMEONE'S ADVICE REGARDING CHOICE OF A CAR, PARTICULARLY ELECTRIC CAR? SL.NO. PARTICULARS NUMBER OF RESPONSE PERCENTAGE (%) 1. NOT IMPORTANT AT ALL, I RELY ON MY OWN KNOELEDGE 58 29 2. I WILL TAKE INTO CONSIDERATION OPINION OF MY FAMILY AND FRIENDS 76 38 3. I WILL TAKE INTO ADVICE OF PROFESSIONALS 36 18 4. I WILL PAY ATTENTION TO EVERY SUGGESTIONS I CAN RECIEVE 30 15 TOTAL 200 100 From the above data we can see that 29% of people rely on their own knowledge while buying electric vehicles, 38% of people will consider the opinion from their family and friends, 18% of people will take advice of the professionals and 15% of people will pay attention to every suggestion they can receive. 29 38 18 16 HOW IMPORTANT FOR YOU IS SOMEONE'S ADVICE REGARDING CHOICE OF A CAR, PARTICULARLY ELECTRIC CAR? NOT IMPORTANT AT ALL, I RELY ON MY OWN KNOWLEDGE I WILL TAKE INTO CONSIDERATION OPINION OF MY FAMILY AND FRIENDS I WLL TAKE INTO ADVICE OF PROFESSIONALS I WILL PAY ATTENTION TO EVERY SUGGESTIONS I CAN RECEIVE
  • 28.  BUYING ELECTRIC VEHICLES DOES NOT HAVE ANY INFLUENCE ON MY SELF IMAGE SL.NO. PARTICULARS NUMBER OF RESPONSES PERCENTAGE (%) 1. STRONGLY AGREE 52 26 2. AGREE 76 38 3. NEUTRAL 54 27 4. DISAGREE 14 7 5. STRONGLY DISAGREE 4 2 TOTAL 200 100 From the above data we come to know that 26% of people strongly agree to the statement, 38% of the people agree to the statement, 27% stays neutral, 7% of people disagreed and 2% of people strongly disagreed to the statement. 26 38 27 7 2 BUYING ELECTRIC VEHICLES DOES NOT HAVE ANY INFLUENCE ON MY SELF IMAGE STRONGLY AGREE AGREE NEUTRAL DISAGREE STRONGLY DISAGREE
  • 29.  DO ELECTRIC CARS BREAK DOWN MORE? SL.NO. PARTICULARS NUMBER OF RESPONSES PERCENTAGE (%) 1. YES 94 47 2. NO 106 53 TOTAL 200 100 From the above data we see that 47% people says that electric cars breakdown more while on the other hand 53% of people says that electric vehicles do not breakdown. 47 53 DO ELECTRIC CARS BREAK DOWN MORE? YES NO
  • 30.  WHICH ELECTRIC VEHICLE BRAND WILL YOU PREFER TO BUYING IN INDIA? SL.NO. PARTICULARS NUMBER OF RESPONSES PERCENTAGE (%) 1. MAHINDRA ELECTRIC 36 18 2. TATA MOTORS 110 55 3. HYUNDAI 32 16 4. OLA ELECTRIC 14 7 5. KONA ELECTRIC 0 0 6. HERO ELECTRIC 4 2 7. MENZA MOTORS 4 2 TOTAL 200 100 55% of the people prefer TATA MOTORS, 18% people prefer MAHINDRA ELECTRIC, 16% people prefer HYUNDAI, 7% prefer OLA ELECTRIC, 2% likes HERO ELECTRIC, 2% likes MENZA MOTORS, and KONA ELECTRIC preferred by 0%. 18 55 16 7 0 2 2 WHICH ELECTRIC VEHICLE BRAND WILL YOU PREFER TO BUYING IN INDIA? MAHINDRA ELECTRIC TATA MOTORS HYUNDAI OLA ELECTRIC KONA ELECTRIC HERO ELECTRIC MENZA MOTORS
  • 31. CONCLUSION The progress that the electric vehicle industry has seen in recent years is not only extremely welcomed, but highly necessary in light of the increasing global greenhouse gas levels. As demonstrated within the economic, social, and environmental analysis sections of this project, the benefits of electric vehicles far surpass the costs. The biggest obstacle to the widespread adoption of electric-powered transportation is cost related, as gasoline and the vehicles that run on it are readily available, convenient, and less costly. As is demonstrated in our timeline, we hope that over the course of the next decade technological advancements and policy changes will help ease the transition from traditional fuel-powered vehicles. Additionally, the realization and success of this industry relies heavily on the global population, and it is our hope that through mass marketing and environmental education programs people will feel incentivized and empowered to drive an electric-powered vehicle. Each person can make a difference, so go electric and help make a difference! Although the electric vehicle market is currently a lucrative goal for companies and start-ups in India, several obstacles still remain to be addressed in order for EVs to be ready for mass adoption. High-cost barriers include, for example, manufacturing electric vehicles domestically. Similarly, battery manufacturing is essentially a costly venture. The Indian Government must concentrate its energies on promoting technological disruption to resolve these challenges. The government would also need to provide enhanced tax incentives and subsidies to potential car owners and suppliers in order to quicker adoption of EVs.
  • 32. ACKNOWLEDGEMENT We hereby thank our respected teachers for providing us with this immense opportunity to work on this project. Special thanks to Dr. Professor Soumya Mukherjee for being our ultimate guide com friend grateful for his insightful leadership and continuous support throughout the project. It’s impossible to work without the cooperation of the team thus we would like to thank each and everyone involved in this project. Our leader Biswajit Das for his expertise and constant help with all aspect of the project, Soham Roy for his proficiency in technical operations and in his unbeatable will of providing solution to any problem when in need, followed by Krishnayan Nath for his technical assistance, being the sincere person in the group and for his dedication towards his jobs finally Debjit Pramanik and Moumita Saha for their charismatic personality which led to the uniform, cohesive operation of the team and their creative ideas which led to the proper brainstorming session we had. Lastly, we are grateful to our friends and family for their immense helping and support throughout the process.
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