The document provides an overview of electric vehicles (EVs) in several Asian countries, including their current status, barriers to adoption, and opportunities. It discusses that EVs are growing in popularity due to decreasing costs and environmental benefits. However, barriers include lack of charging infrastructure and consumer awareness/perceptions. Opportunities include expanding markets, technological advances reducing costs, and government policies promoting EVs. The document analyzes the EVs landscape in India, Pakistan, Afghanistan, Sri Lanka, and Bangladesh specifically.
Strategy for Adoption of Two-Wheeler Electric Vehicles in Urban Markets of IndiaRajesh Gusain
This paper attempts to evaluate the adoption strategy in the short to medium term to drive demand for the electric vehicle in urban transportation markets in India.
General Overview and Forecasting of Factors Affecting the Use of Electric Veh...ijtsrd
This document summarizes factors that influence the adoption of electric vehicles. It discusses that while many countries are promoting EVs to reduce emissions, the adoption rate varies significantly between countries. It identifies several key factors that affect EV energy usage and adoption rates, including vehicle technology, infrastructure and charging availability, climate and weather, driver behavior, trip characteristics, and public policy support like incentives. The document concludes that a mix of policies is needed to further promote EVs, such as continuing to reduce costs of EVs and charging infrastructure.
CUSTOMER BUYING INTENTION TOWARDS ELECTRIC VEHICLE IN INDIAIAEME Publication
Electric vehicle is a new way of transportation having no air, noise pollution and
an environmental friendly way to commute. India being a major market for electric
vehicle and government plan to be an electric vehicle country by 2030 is a major
ambitious plan and to achieve this this study has been conducted to check the
acceptability of people towards electric vehicle and its effect on automobile industry.
In this study we tried to find the people opinion and their awareness about the electric
vehicle, reaction to some shortcomings of electric vehicle and will people accept it
wholeheartedly. Government of India launched FAME scheme to increase the
adoption of electric vehicle among masses.
Almost all the vehicle producer in the world have at least one electric vehicle in
their product portfolio and around the globe the acceptance of electric people is
rapidly growing. Several policies in favor of electric mobility has been rolled out and
its immediate effect are positive. However it’s an ambitious and long journey with a
comprehensive policy plan, it can be achieved. Policies need to be introduce to
discourage the further adoption of gasoline vehicle and new schemes need to be
implemented to aggravate the adoption of electric vehicle.
This study used 9 independent factors pertaining to characteristics of electric cars
and developed a regression model for determining the buying behavior of customer.
The analysis was done using R software. The study found that mobility and recharging
characteristics were found to be most significant factors while RTO norms was
considered to be the least significant characteristic affecting the buying decision of
electric cars. The model developed from our study was 88% accurate and hence can
be used for predicting the buying behavior of customer. This study is of prime
importance to the companies who wanted to launch electric cars in India.
This document discusses cognitive dissonance and consonance in customers adopting electric vehicles in India and the effect of the FAME scheme on customer perception. It begins by providing background on the FAME scheme in India, which aims to promote electric vehicles to reduce emissions. It then discusses the issues of climate change and emissions in India that the FAME scheme addresses. Next, it provides a brief overview of electric vehicles and their variants. It states that charging stations are a prerequisite for promoting electric vehicle demand. The research problem is then presented as analyzing the acceptance of electric vehicles in India and understanding customer perception, specifically regarding two, three and four wheelers. The objectives are to analyze the effect of cognitive dissonance on electric vehicle purchase decisions
- The automobile sector in India is divided into four segments: commercial vehicles, passenger cars, three-wheelers, and two-wheelers. Two-wheelers and passenger vehicles dominate domestic demand.
- India is the 4th largest automobile market globally and the 7th largest manufacturer of commercial vehicles. The market is segmented with both domestic and international brands present.
- Domestic automobile production and exports have grown steadily in recent years. Electric vehicles are expected to gain more popularity due to stricter emission standards and government incentives promoting cleaner transportation. Major automakers are committing to introducing electric models in India.
India offers the world’s largest untapped EV market, especially in the two-wheeler segment. With several automakers rolling out EV vehicles at a rapid pace, the penetration of these vehicles has increased significantly in the past few years. As per a recent study, electric vehicles (EVs) market is expected to be worth around at least ₹475 billion by 2025. The penetration of electric two-wheelers is projected to reach up to 15% by 2025 from 1% currently.
As business activities gain pace and the Indian economy rebounds its way in 2022, the auto industry is set to enter a new phase of growth, innovation and investment. However, the road to the future of EV is battling various challenges. While the government is aggressively promoting EV adoption in India, the inadequate infrastructure, lack of high performing EVs and high upfront cost is causing a major hindrance for its mass adoption.
Capital cost has always been a major factor in th
Capital cost has always been a major factor in the EV purchase decision, with 63% of consumers believing that an EV is beyond their budget. The lack of adequate charging infrastructure in our country is a huge barrier to increased EV penetration. Compared to traditional petrol stations, charging stations are harder to find, normally limited by investment costs and difficult infrastructure development enabling people to charge where they usually park, at home or at work, which presents its own challenges, such as dealing with multi-tenant buildings, grid-connection management, and charging slot availability. It is anticipated that there will be a shortage of nickel, and scaling up lithium production would be a challenge, leading to supply shortage that may cause manufacturers to use lower-quality mineral inputs, adversely affecting battery performance.
Two-Wheelers Electric vehicles Outlook in India | Report RedSeer
The document discusses the history and growth of electric two-wheelers (E2Ws) in India. It begins with the global origins of electric vehicles in the late 18th/early 19th century. It then covers the key milestones in India, including the first EVs introduced in 1996, government initiatives like FAME I and II starting in 2015, and the recent rapid growth since 2017. The adoption of E2Ws is seen as pivotal to reducing emissions and fuel imports in India given its large two-wheeler market size. The total EV penetration in India reached around 3.2% in 2022, with E2Ws representing around 4% of that figure.
Future-of-Electric-Vehicles in future generationFeelthebeats3
1) The document summarizes a seminar presentation on the future of electric vehicles. It discusses the history and development of EVs, key factors driving their adoption, policies supporting EVs in India, major players in the Indian EV market, and future projections for EV sales and infrastructure growth.
2) Key topics covered include carbon emission reductions from EVs, India's EV policy roadmap and state-level policies, the growing EV components industry, challenges around electricity demand and grid capacity for widespread EV adoption.
3) In conclusion, the presenter believes government support through policy reforms and incentives can help boost the EV market, though challenges around vehicle range and pricing remain barriers that need to be addressed for mass adoption.
Strategy for Adoption of Two-Wheeler Electric Vehicles in Urban Markets of IndiaRajesh Gusain
This paper attempts to evaluate the adoption strategy in the short to medium term to drive demand for the electric vehicle in urban transportation markets in India.
General Overview and Forecasting of Factors Affecting the Use of Electric Veh...ijtsrd
This document summarizes factors that influence the adoption of electric vehicles. It discusses that while many countries are promoting EVs to reduce emissions, the adoption rate varies significantly between countries. It identifies several key factors that affect EV energy usage and adoption rates, including vehicle technology, infrastructure and charging availability, climate and weather, driver behavior, trip characteristics, and public policy support like incentives. The document concludes that a mix of policies is needed to further promote EVs, such as continuing to reduce costs of EVs and charging infrastructure.
CUSTOMER BUYING INTENTION TOWARDS ELECTRIC VEHICLE IN INDIAIAEME Publication
Electric vehicle is a new way of transportation having no air, noise pollution and
an environmental friendly way to commute. India being a major market for electric
vehicle and government plan to be an electric vehicle country by 2030 is a major
ambitious plan and to achieve this this study has been conducted to check the
acceptability of people towards electric vehicle and its effect on automobile industry.
In this study we tried to find the people opinion and their awareness about the electric
vehicle, reaction to some shortcomings of electric vehicle and will people accept it
wholeheartedly. Government of India launched FAME scheme to increase the
adoption of electric vehicle among masses.
Almost all the vehicle producer in the world have at least one electric vehicle in
their product portfolio and around the globe the acceptance of electric people is
rapidly growing. Several policies in favor of electric mobility has been rolled out and
its immediate effect are positive. However it’s an ambitious and long journey with a
comprehensive policy plan, it can be achieved. Policies need to be introduce to
discourage the further adoption of gasoline vehicle and new schemes need to be
implemented to aggravate the adoption of electric vehicle.
This study used 9 independent factors pertaining to characteristics of electric cars
and developed a regression model for determining the buying behavior of customer.
The analysis was done using R software. The study found that mobility and recharging
characteristics were found to be most significant factors while RTO norms was
considered to be the least significant characteristic affecting the buying decision of
electric cars. The model developed from our study was 88% accurate and hence can
be used for predicting the buying behavior of customer. This study is of prime
importance to the companies who wanted to launch electric cars in India.
This document discusses cognitive dissonance and consonance in customers adopting electric vehicles in India and the effect of the FAME scheme on customer perception. It begins by providing background on the FAME scheme in India, which aims to promote electric vehicles to reduce emissions. It then discusses the issues of climate change and emissions in India that the FAME scheme addresses. Next, it provides a brief overview of electric vehicles and their variants. It states that charging stations are a prerequisite for promoting electric vehicle demand. The research problem is then presented as analyzing the acceptance of electric vehicles in India and understanding customer perception, specifically regarding two, three and four wheelers. The objectives are to analyze the effect of cognitive dissonance on electric vehicle purchase decisions
- The automobile sector in India is divided into four segments: commercial vehicles, passenger cars, three-wheelers, and two-wheelers. Two-wheelers and passenger vehicles dominate domestic demand.
- India is the 4th largest automobile market globally and the 7th largest manufacturer of commercial vehicles. The market is segmented with both domestic and international brands present.
- Domestic automobile production and exports have grown steadily in recent years. Electric vehicles are expected to gain more popularity due to stricter emission standards and government incentives promoting cleaner transportation. Major automakers are committing to introducing electric models in India.
India offers the world’s largest untapped EV market, especially in the two-wheeler segment. With several automakers rolling out EV vehicles at a rapid pace, the penetration of these vehicles has increased significantly in the past few years. As per a recent study, electric vehicles (EVs) market is expected to be worth around at least ₹475 billion by 2025. The penetration of electric two-wheelers is projected to reach up to 15% by 2025 from 1% currently.
As business activities gain pace and the Indian economy rebounds its way in 2022, the auto industry is set to enter a new phase of growth, innovation and investment. However, the road to the future of EV is battling various challenges. While the government is aggressively promoting EV adoption in India, the inadequate infrastructure, lack of high performing EVs and high upfront cost is causing a major hindrance for its mass adoption.
Capital cost has always been a major factor in th
Capital cost has always been a major factor in the EV purchase decision, with 63% of consumers believing that an EV is beyond their budget. The lack of adequate charging infrastructure in our country is a huge barrier to increased EV penetration. Compared to traditional petrol stations, charging stations are harder to find, normally limited by investment costs and difficult infrastructure development enabling people to charge where they usually park, at home or at work, which presents its own challenges, such as dealing with multi-tenant buildings, grid-connection management, and charging slot availability. It is anticipated that there will be a shortage of nickel, and scaling up lithium production would be a challenge, leading to supply shortage that may cause manufacturers to use lower-quality mineral inputs, adversely affecting battery performance.
Two-Wheelers Electric vehicles Outlook in India | Report RedSeer
The document discusses the history and growth of electric two-wheelers (E2Ws) in India. It begins with the global origins of electric vehicles in the late 18th/early 19th century. It then covers the key milestones in India, including the first EVs introduced in 1996, government initiatives like FAME I and II starting in 2015, and the recent rapid growth since 2017. The adoption of E2Ws is seen as pivotal to reducing emissions and fuel imports in India given its large two-wheeler market size. The total EV penetration in India reached around 3.2% in 2022, with E2Ws representing around 4% of that figure.
Future-of-Electric-Vehicles in future generationFeelthebeats3
1) The document summarizes a seminar presentation on the future of electric vehicles. It discusses the history and development of EVs, key factors driving their adoption, policies supporting EVs in India, major players in the Indian EV market, and future projections for EV sales and infrastructure growth.
2) Key topics covered include carbon emission reductions from EVs, India's EV policy roadmap and state-level policies, the growing EV components industry, challenges around electricity demand and grid capacity for widespread EV adoption.
3) In conclusion, the presenter believes government support through policy reforms and incentives can help boost the EV market, though challenges around vehicle range and pricing remain barriers that need to be addressed for mass adoption.
Electric vehicles in India- scope and challengesAbhishek Kumar
Importance of EVs, Market Scenario and Government of India Initiatives. EVs will play an important role in moving towards the initiation of green energy and changing the economy around the world.
Indian officials set the ambitious target of having 30 percent of vehicles powered by electricity by 2030. IESA's 8th India E-mobility Conclave will examine the current policy landscape, roadmap, and outlook for e-mobility in India.
Join the IESA today to receive alerts about the latest articles and events. Don't miss out.
A paper on barriers and challenges of electric vehicles to grid optimizationIRJET Journal
This document summarizes a paper on the barriers and challenges of integrating electric vehicles with the power grid to optimize it. It discusses various optimization strategies that have been studied for electric vehicle charging and vehicle-to-grid technologies. A key challenge discussed is the lack of sufficient charging infrastructure in developing countries like India. The document also provides an overview of electric vehicles and their components, and analyzes optimization techniques that have been applied for electric vehicle charging and vehicle-to-grid systems.
Reality and Future of Electrical Vehicles in India: Review ArticleIRJET Journal
Electric vehicles are still in their infancy stage in India due to a lack of domestic lithium production and high battery costs. Most electricity in India is currently produced from coal, which has environmental impacts. While electric vehicles have benefits like lower emissions and fuel costs, India faces challenges in expanding electric vehicle adoption like inadequate charging infrastructure, uncertainty around technology developments, and ensuring sufficient power generation from renewable sources to support electric transportation. Proper planning of renewable energy and electric vehicle development is needed to balance environmental and economic factors.
The document discusses electric vehicles (EVs) in India, including:
1) Key topics covered include history of EVs, air quality issues, EV policies, market overview, sales trends, infrastructure hurdles.
2) India aims to have 30% of new car sales be electric by 2030 but faces challenges around inconsistent electricity supply and meeting increased power demands from EVs.
3) Power consumption from electric vehicles could range from 37 to 97 terawatt-hours by 2030 depending on EV adoption rates, surpassing other industries as a load on the electric grid.
Electric vehicles and electric utilities – a clear opportunity with many shapesCarlo Stella
While several stakeholders are supportive of the widespread adoption of electric vehicles, we have looked specifically at electric utilities to understand the opportunities that such a change in the transportation landscape can generate, and define the key questions to be addressed in order to embrace them. We have identified four business models – by no means evolutionary – that can be looked at independently, and eventually combined to fit the company’s strategy and the specific market conditions (e.g., regulation, competition, ecosystem, customer readiness). We strongly believe electric utilities are ideally positioned to leverage the opportunities offered by the adoption of electric vehicles on a mass-market scale, but they need to act fast, as many other players are addressing the same opportunity
This document summarizes a research paper on the adoption of electric vehicles in India. It finds that while the Indian government aims to promote electric vehicles, adoption rates remain low at 1% in 2020. Through a literature review and survey questions, it identifies several key barriers to electric vehicle adoption in India, including high initial costs, battery life and charging time, lack of charging infrastructure, unclear government policies, and lack of consumer awareness and knowledge about electric vehicles. The research aims to help automobile manufacturers and policymakers better understand consumer perceptions and address barriers to increasing electric vehicle adoption in India.
The electric vehicle market has grown rapidly in recent years due to improving technology and decreasing battery prices, as well as government subsidies. The market share of electric vehicles increased from 4% to 5% by 2020. Leading markets for electric vehicles are currently China, Europe, and North America. Key factors driving future electric vehicle market growth include expanding charging infrastructure and the increasing adoption of electric buses and mid-priced electric vehicles.
The document summarizes a research project report on the future of electric vehicles submitted for a bachelor's degree. It includes an acknowledgement section thanking those who supported the project. The objectives section outlines the goals of studying consumer perceptions and expectations of electric vehicles. An executive summary provides an overview of the automotive industry in India and electric vehicle market.
A Study on Customer Perception of Electric Vehicle and Its Impact on Traditio...ijtsrd
India traditionally has been belligerent to any changes. But with the need to curb environmental emissions it has been identified that there is a need to switch from ICE vehicles to Electric Vehicles. This switch is eminent and a necessity in order to fight the climatic and environmental changes which is affecting all living life whether in land, water or air. It is a fact that with substantial shift in the automobile industry towards Electric Vehicles disruption in the automobile supply Chain in imminent. It is true that for those suppliers who are heavily leveraged and unable to adapt it could spell a disastrous financial troubles ahead. This study is an attempt to identify how production and supply of electric vehicles will impact the traditional supply chain in India and suggest ways and methods to incorporate the changes. An attempt has also been made in this study to identify the perception of individuals regarding Electric Vehicle. Because it is the people's choice which will lead to boon or bane for this segment of automobiles. Anuj Vishwamohan Nair "A Study on Customer Perception of Electric Vehicle and Its Impact on Traditional Supply Chain in India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47516.pdf Paper URL : https://www.ijtsrd.com/engineering/automotive-engineering/47516/a-study-on-customer-perception-of-electric-vehicle-and-its-impact-on-traditional-supply-chain-in-india/anuj-vishwamohan-nair
A conspectus on electric vehicle in indiaParth Pandya
Alarming circumstance of global warming boost on the earth generated awareness that, time has come to quick track and catalyzes cleaner, greener urban mobility and this can be a lightning-bar towards an essential change which is as of now seeing development in electric vehicles worldwide and government strategies activating speculations by significant vehicle organizations. India is one of the significant markets for vehicle industry yet at the same time it is far from this idea. This paper discusses various aspects of electrical vehicles in record with Indian market, its issues, support, inspiration and future scope.
I made this assignment for a Strategy Module (University of Westminster) this year and I thought it looked nice. It is important to point out I don't work and have never worked for PWC, it was just a requirement of the assignment to pretend you worked there.
The document discusses the opportunities and growth of electric vehicles (EVs) in India. It notes that EVs have significant potential as fossil fuels are limited, and EVs can be generated through various means with less global warming. The Indian government is prioritizing the shift to EVs to meet carbon reduction targets. In the 2019 budget, Rs. 10,000 crore was allocated to the FAME II scheme to accelerate EV adoption. Major automakers are introducing new EV models for the Indian market in response to government support and changing consumer preferences. However, challenges remain around developing charging infrastructure nationwide and lowering battery costs to boost widespread EV adoption in India.
Electric vehicles are becoming an increasingly viable alternative to traditional gasoline-powered vehicles. The Indian government has implemented several policies and initiatives to promote electric vehicle adoption, including the FAME program and state-level EV policies. However, electric vehicles still only account for a small fraction of the automotive market in India. Continued government support through subsidies and incentives along with advances in battery technology that lower costs will be needed to accelerate electric vehicle adoption in India.
India has launched initiatives like the National Electric Mobility Mission Plan 2020 to promote electric vehicles (EVs) and reduce dependence on fossil fuels. The government aims to have only EVs on the road by 2030. EVs include all-electric vehicles that run only on batteries as well as plug-in hybrid electric vehicles that have both electric and combustion engines. Challenges include developing charging infrastructure and managing the grid integration of EVs, establishing domestic battery manufacturing facilities, and clarifying regulations. Companies are working to set up charging stations while the government is procuring EVs for its fleet. EVs are expected to become more affordable and adoption to increase with supportive policies.
The document discusses the growing global electric vehicle market and infrastructure needs. Some key points:
- Electric vehicle sales doubled in 2021 to over 6.6 million units sold globally, with nearly 10% of car sales being electric.
- Major public spending on EV subsidies nearly doubled to $30 billion in 2021.
- However, EV adoption is still low in emerging markets where models are unaffordable for most. Less than 0.5% of sales are electric in countries like India, Brazil, and Indonesia.
- Expanding charging infrastructure and promoting adoption in developing countries are seen as important to further accelerate the EV transition globally.
The document discusses the history and future of electric vehicles. It provides background on the types of electric vehicles and summarizes key policies to promote electric vehicle adoption in India. Some of the major points include:
- Electric vehicles were first developed in the 1830s but gained more widespread use starting in the late 19th century. Modern lithium-ion batteries enabled a resurgence in electric vehicles in the 1990s.
- The Indian government has implemented various policies like FAME I and II to incentivize electric vehicle purchases and set adoption targets. Several state governments have also introduced EV policies and incentives.
- Electric vehicle sales in India have increased in recent years but still make up a small fraction of the overall
Thailand is ASEAN’s largest auto producer. Production in 2020 is 1,427,074 units, in which accounted for 50.1 percent of total production in all ASEAN countries. This is followed by Indonesia with 690,150 units or around 24.2 percent, and Malaysia with 485,186 units or around 17.0 percent.
ELECTRIC VEHICLE LONG RANGE DISTANCE PROBLEMIRJET Journal
1) The document discusses the problem of limited range for electric vehicles due to battery constraints and long recharging times. It proposes a novel technique to maximize motor efficiency and minimize power usage through multi-objective optimization, which could yield improved range.
2) The research aims to identify barriers to widespread adoption of electric vehicles in India and address issues like consumer preferences, production capabilities, and resource availability. It examines how home charging could help electric two-wheelers and solutions for improving long range.
3) Various studies on electric vehicle usage and drivers' perceptions are analyzed, finding that most daily trips could be accommodated even with a 60-mile range and that limited range causes some drivers to cancel trips. The research methodology and
Saur Energy talks to Tata Power on 'EV Market in India' Tata Power
The document discusses the challenges facing electric vehicles (EVs) in India. It summarizes perspectives from industry experts on current policy challenges and whether India's target of 30% EV market share by 2030 is achievable. Key challenges mentioned include the high cost of EVs, lack of charging infrastructure, unclear regulations around EV charging prices, and difficulties in setting up charging stations due to issues like real estate costs and lack of financing support. However, experts also believe the target is achievable if policy implementation improves, private sector participation increases, and subsidies help boost initial adoption rates.
1) The document examines the influence of external bailouts on macroeconomic stability in Ghana from 2008 to 2021 using time series data and vector error correction modeling.
2) It finds that while external bailouts have no short-term impact, there is a long-term causal relationship between bailouts and macroeconomic stability as well as with foreign direct investment, GDP, and imports.
3) To improve stability, the authors recommend that Ghana reduce reliance on external bailouts, increase foreign reserves, and expand agriculture and industrialization.
- The document discusses a study on increasing brand awareness of Oranger Mobile, which is a courier service partner of PT Pos Indonesia responsible for pickups, deliveries, and direct sales.
- Brand awareness of Oranger is currently low, as the number of Oranger drivers did not meet targets in 2021 and most respondents in a survey were not familiar with the Oranger brand.
- The study uses a mixed-methods approach, collecting both qualitative data to measure brand awareness and quantitative data to analyze factors influencing awareness. The results show advertising, publicity, sponsorship, and word-of-mouth can increase Oranger's brand awareness.
Electric vehicles in India- scope and challengesAbhishek Kumar
Importance of EVs, Market Scenario and Government of India Initiatives. EVs will play an important role in moving towards the initiation of green energy and changing the economy around the world.
Indian officials set the ambitious target of having 30 percent of vehicles powered by electricity by 2030. IESA's 8th India E-mobility Conclave will examine the current policy landscape, roadmap, and outlook for e-mobility in India.
Join the IESA today to receive alerts about the latest articles and events. Don't miss out.
A paper on barriers and challenges of electric vehicles to grid optimizationIRJET Journal
This document summarizes a paper on the barriers and challenges of integrating electric vehicles with the power grid to optimize it. It discusses various optimization strategies that have been studied for electric vehicle charging and vehicle-to-grid technologies. A key challenge discussed is the lack of sufficient charging infrastructure in developing countries like India. The document also provides an overview of electric vehicles and their components, and analyzes optimization techniques that have been applied for electric vehicle charging and vehicle-to-grid systems.
Reality and Future of Electrical Vehicles in India: Review ArticleIRJET Journal
Electric vehicles are still in their infancy stage in India due to a lack of domestic lithium production and high battery costs. Most electricity in India is currently produced from coal, which has environmental impacts. While electric vehicles have benefits like lower emissions and fuel costs, India faces challenges in expanding electric vehicle adoption like inadequate charging infrastructure, uncertainty around technology developments, and ensuring sufficient power generation from renewable sources to support electric transportation. Proper planning of renewable energy and electric vehicle development is needed to balance environmental and economic factors.
The document discusses electric vehicles (EVs) in India, including:
1) Key topics covered include history of EVs, air quality issues, EV policies, market overview, sales trends, infrastructure hurdles.
2) India aims to have 30% of new car sales be electric by 2030 but faces challenges around inconsistent electricity supply and meeting increased power demands from EVs.
3) Power consumption from electric vehicles could range from 37 to 97 terawatt-hours by 2030 depending on EV adoption rates, surpassing other industries as a load on the electric grid.
Electric vehicles and electric utilities – a clear opportunity with many shapesCarlo Stella
While several stakeholders are supportive of the widespread adoption of electric vehicles, we have looked specifically at electric utilities to understand the opportunities that such a change in the transportation landscape can generate, and define the key questions to be addressed in order to embrace them. We have identified four business models – by no means evolutionary – that can be looked at independently, and eventually combined to fit the company’s strategy and the specific market conditions (e.g., regulation, competition, ecosystem, customer readiness). We strongly believe electric utilities are ideally positioned to leverage the opportunities offered by the adoption of electric vehicles on a mass-market scale, but they need to act fast, as many other players are addressing the same opportunity
This document summarizes a research paper on the adoption of electric vehicles in India. It finds that while the Indian government aims to promote electric vehicles, adoption rates remain low at 1% in 2020. Through a literature review and survey questions, it identifies several key barriers to electric vehicle adoption in India, including high initial costs, battery life and charging time, lack of charging infrastructure, unclear government policies, and lack of consumer awareness and knowledge about electric vehicles. The research aims to help automobile manufacturers and policymakers better understand consumer perceptions and address barriers to increasing electric vehicle adoption in India.
The electric vehicle market has grown rapidly in recent years due to improving technology and decreasing battery prices, as well as government subsidies. The market share of electric vehicles increased from 4% to 5% by 2020. Leading markets for electric vehicles are currently China, Europe, and North America. Key factors driving future electric vehicle market growth include expanding charging infrastructure and the increasing adoption of electric buses and mid-priced electric vehicles.
The document summarizes a research project report on the future of electric vehicles submitted for a bachelor's degree. It includes an acknowledgement section thanking those who supported the project. The objectives section outlines the goals of studying consumer perceptions and expectations of electric vehicles. An executive summary provides an overview of the automotive industry in India and electric vehicle market.
A Study on Customer Perception of Electric Vehicle and Its Impact on Traditio...ijtsrd
India traditionally has been belligerent to any changes. But with the need to curb environmental emissions it has been identified that there is a need to switch from ICE vehicles to Electric Vehicles. This switch is eminent and a necessity in order to fight the climatic and environmental changes which is affecting all living life whether in land, water or air. It is a fact that with substantial shift in the automobile industry towards Electric Vehicles disruption in the automobile supply Chain in imminent. It is true that for those suppliers who are heavily leveraged and unable to adapt it could spell a disastrous financial troubles ahead. This study is an attempt to identify how production and supply of electric vehicles will impact the traditional supply chain in India and suggest ways and methods to incorporate the changes. An attempt has also been made in this study to identify the perception of individuals regarding Electric Vehicle. Because it is the people's choice which will lead to boon or bane for this segment of automobiles. Anuj Vishwamohan Nair "A Study on Customer Perception of Electric Vehicle and Its Impact on Traditional Supply Chain in India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47516.pdf Paper URL : https://www.ijtsrd.com/engineering/automotive-engineering/47516/a-study-on-customer-perception-of-electric-vehicle-and-its-impact-on-traditional-supply-chain-in-india/anuj-vishwamohan-nair
A conspectus on electric vehicle in indiaParth Pandya
Alarming circumstance of global warming boost on the earth generated awareness that, time has come to quick track and catalyzes cleaner, greener urban mobility and this can be a lightning-bar towards an essential change which is as of now seeing development in electric vehicles worldwide and government strategies activating speculations by significant vehicle organizations. India is one of the significant markets for vehicle industry yet at the same time it is far from this idea. This paper discusses various aspects of electrical vehicles in record with Indian market, its issues, support, inspiration and future scope.
I made this assignment for a Strategy Module (University of Westminster) this year and I thought it looked nice. It is important to point out I don't work and have never worked for PWC, it was just a requirement of the assignment to pretend you worked there.
The document discusses the opportunities and growth of electric vehicles (EVs) in India. It notes that EVs have significant potential as fossil fuels are limited, and EVs can be generated through various means with less global warming. The Indian government is prioritizing the shift to EVs to meet carbon reduction targets. In the 2019 budget, Rs. 10,000 crore was allocated to the FAME II scheme to accelerate EV adoption. Major automakers are introducing new EV models for the Indian market in response to government support and changing consumer preferences. However, challenges remain around developing charging infrastructure nationwide and lowering battery costs to boost widespread EV adoption in India.
Electric vehicles are becoming an increasingly viable alternative to traditional gasoline-powered vehicles. The Indian government has implemented several policies and initiatives to promote electric vehicle adoption, including the FAME program and state-level EV policies. However, electric vehicles still only account for a small fraction of the automotive market in India. Continued government support through subsidies and incentives along with advances in battery technology that lower costs will be needed to accelerate electric vehicle adoption in India.
India has launched initiatives like the National Electric Mobility Mission Plan 2020 to promote electric vehicles (EVs) and reduce dependence on fossil fuels. The government aims to have only EVs on the road by 2030. EVs include all-electric vehicles that run only on batteries as well as plug-in hybrid electric vehicles that have both electric and combustion engines. Challenges include developing charging infrastructure and managing the grid integration of EVs, establishing domestic battery manufacturing facilities, and clarifying regulations. Companies are working to set up charging stations while the government is procuring EVs for its fleet. EVs are expected to become more affordable and adoption to increase with supportive policies.
The document discusses the growing global electric vehicle market and infrastructure needs. Some key points:
- Electric vehicle sales doubled in 2021 to over 6.6 million units sold globally, with nearly 10% of car sales being electric.
- Major public spending on EV subsidies nearly doubled to $30 billion in 2021.
- However, EV adoption is still low in emerging markets where models are unaffordable for most. Less than 0.5% of sales are electric in countries like India, Brazil, and Indonesia.
- Expanding charging infrastructure and promoting adoption in developing countries are seen as important to further accelerate the EV transition globally.
The document discusses the history and future of electric vehicles. It provides background on the types of electric vehicles and summarizes key policies to promote electric vehicle adoption in India. Some of the major points include:
- Electric vehicles were first developed in the 1830s but gained more widespread use starting in the late 19th century. Modern lithium-ion batteries enabled a resurgence in electric vehicles in the 1990s.
- The Indian government has implemented various policies like FAME I and II to incentivize electric vehicle purchases and set adoption targets. Several state governments have also introduced EV policies and incentives.
- Electric vehicle sales in India have increased in recent years but still make up a small fraction of the overall
Thailand is ASEAN’s largest auto producer. Production in 2020 is 1,427,074 units, in which accounted for 50.1 percent of total production in all ASEAN countries. This is followed by Indonesia with 690,150 units or around 24.2 percent, and Malaysia with 485,186 units or around 17.0 percent.
ELECTRIC VEHICLE LONG RANGE DISTANCE PROBLEMIRJET Journal
1) The document discusses the problem of limited range for electric vehicles due to battery constraints and long recharging times. It proposes a novel technique to maximize motor efficiency and minimize power usage through multi-objective optimization, which could yield improved range.
2) The research aims to identify barriers to widespread adoption of electric vehicles in India and address issues like consumer preferences, production capabilities, and resource availability. It examines how home charging could help electric two-wheelers and solutions for improving long range.
3) Various studies on electric vehicle usage and drivers' perceptions are analyzed, finding that most daily trips could be accommodated even with a 60-mile range and that limited range causes some drivers to cancel trips. The research methodology and
Saur Energy talks to Tata Power on 'EV Market in India' Tata Power
The document discusses the challenges facing electric vehicles (EVs) in India. It summarizes perspectives from industry experts on current policy challenges and whether India's target of 30% EV market share by 2030 is achievable. Key challenges mentioned include the high cost of EVs, lack of charging infrastructure, unclear regulations around EV charging prices, and difficulties in setting up charging stations due to issues like real estate costs and lack of financing support. However, experts also believe the target is achievable if policy implementation improves, private sector participation increases, and subsidies help boost initial adoption rates.
1) The document examines the influence of external bailouts on macroeconomic stability in Ghana from 2008 to 2021 using time series data and vector error correction modeling.
2) It finds that while external bailouts have no short-term impact, there is a long-term causal relationship between bailouts and macroeconomic stability as well as with foreign direct investment, GDP, and imports.
3) To improve stability, the authors recommend that Ghana reduce reliance on external bailouts, increase foreign reserves, and expand agriculture and industrialization.
- The document discusses a study on increasing brand awareness of Oranger Mobile, which is a courier service partner of PT Pos Indonesia responsible for pickups, deliveries, and direct sales.
- Brand awareness of Oranger is currently low, as the number of Oranger drivers did not meet targets in 2021 and most respondents in a survey were not familiar with the Oranger brand.
- The study uses a mixed-methods approach, collecting both qualitative data to measure brand awareness and quantitative data to analyze factors influencing awareness. The results show advertising, publicity, sponsorship, and word-of-mouth can increase Oranger's brand awareness.
The document summarizes a study on optimizing the stock portfolio of PT XYZ, a state-owned pension fund company in Indonesia. In 2021, PT XYZ's actual stock portfolio performed poorly, with a return of 0.56% and Sharpe ratio of 2.39%, below targets. Using the Markowitz portfolio model and 5 years of stock price data, the study optimized the 2021 portfolio. The optimized portfolio increased the Sharpe ratio to 21.67% and return to 1.62%, outperforming the actual portfolio. An efficient frontier analysis identified multiple portfolio options with different risk-return profiles. The results recommend PT XYZ use the Markowitz method to improve future portfolio performance and evaluation.
The document analyzes the financial performance of 20 health sector companies in Indonesia from 2018-2021 using various financial ratios and DuPont analysis. It finds that hospital companies generally benefited during the pandemic due to increased patient numbers, while pharmaceutical companies saw mixed results depending on retail and distribution impacts. Specifically, the analysis found that one hospital, Metro Healthcare Indonesia, had the highest average return on equity of 0.26 over the period. Other key findings are also presented regarding factors influencing financial performance changes before and during the COVID-19 pandemic.
This document discusses a proposed marketing strategy for Hirka, a shoe company that makes shoes from chicken claw skin. Hirka currently markets its products through social media, e-commerce, and word of mouth. However, brand awareness and sales are still low due to a lack of marketing and advertising. The products are also currently only available for men. The study aims to identify the target market and appropriate marketing strategy to increase Hirka's brand awareness and purchase intention. A survey was conducted of 206 respondents to assess their brand recognition of and purchase intention toward Hirka's products. The results showed most respondents were unaware of the Hirka brand and had low purchase intention. Various analyses were used to develop marketing strategies,
1) The document proposes a marketing strategy to enhance customer loyalty for RAM Water, a water processor product experiencing declining sales.
2) It reviews literature on customer loyalty and satisfaction and how the marketing mix (7Ps) can impact satisfaction.
3) An analysis was conducted using SEM-PLS to evaluate the relationships between the 7Ps, customer satisfaction, and loyalty using data from 153 RAM Water users. The results showed the 7Ps significantly impacted satisfaction which significantly impacted loyalty.
This document proposes an integrated luggage storage and transportation scheme. It analyzes the current luggage storage market and compares traditional and new "Internet +" models. The proposed scheme designs functional modules like storage, transportation, tourism services and insurance. It provides solutions for different business scenarios like short/long term storage, inter-station delivery, and tourism services. The goal is to improve resource utilization and provide convenient luggage services for travelers.
- The Ecobiz.id platform was created to help farmers in Indonesia by facilitating knowledge sharing and connecting farmers to buyers. However, the platform still lacks interactivity and network effects due to poor existing content that does not meet user needs.
- This study examines how to motivate stakeholders, especially potential content creators, to actively participate and create valuable, interesting, and relevant content for users. Improving the quality and variety of content is expected to increase interactivity on the platform and provide value to users.
- Interviews and observations of stakeholders and users were conducted to understand their perspectives on existing content and how content could motivate involvement and interaction on the platform. The results will help improve content marketing strategies to better engage users.
This document analyzes strategies to increase brand awareness and intention to use PosAja, an application-based delivery service owned by PT Pos Indonesia. It conducts external and internal analyses, as well as surveys consumers to measure brand awareness and factors influencing intention to use. The survey finds low brand recognition of PosAja. Quantitative analysis shows brand logo and advertisements significantly impact brand awareness, while brand name and promotions do not. Further analysis is needed to identify strategies to improve awareness and drive more customers to use PosAja.
This document summarizes a research study that examined the effect of budgetary participation and internal control on managerial performance, with job relevant information as a moderating variable. The study was conducted at three type C regional general hospitals in Jambi Province, Indonesia that had intermediate accreditation levels. The results showed that budgetary participation and internal control positively affected managerial performance. Job relevant information was found to moderate the relationship between internal control and managerial performance, but did not moderate the relationship between budgetary participation and managerial performance. The document provides background information on the hospitals studied, discusses relevant theories, and outlines the research questions and objectives.
This document analyzes and compares environmentally friendly cryptocurrencies with the highest trading classical cryptocurrencies from July 2019 to April 2022. It finds a statistically significant correlation between the values of eco-friendly and classical cryptocurrencies, suggesting investors apply similar investment approaches to both. It also concludes the demand for eco-friendly cryptocurrencies is increasing as the world moves toward sustainability. The study uses daily closing price data from various sources to analyze 7 eco-friendly and 7 highest value classical cryptocurrencies over 34 months. Descriptive statistics of the data are presented in a table.
This document summarizes the evolution and enlightenment of global financial regulatory systems based on a comparative analysis of systems in the UK, US, and China. It finds that financial regulatory systems generally evolve from mixed/centralized models to separated/institutional models to more integrated approaches. The UK and US systems demonstrate a progression from separation to unification to twin peaks models. China's system has transitioned from the central bank as sole regulator to separated then integrated regulation. Key lessons for China include understanding the role of regulation in promoting development while preventing risks, and adapting international best practices to its national context.
This study analyzed the impact of e-service quality (e-servqual) on customer satisfaction and loyalty at Bank Negara Indonesia (BNI). A survey was conducted with 274 BNI customers who use the mobile banking app. The results of structural equation modeling showed that e-servqual has a significant positive effect on both customer satisfaction and loyalty. Customer satisfaction also has a significant positive effect on loyalty. The study concludes that improving e-servqual can increase customer satisfaction and loyalty for BNI, which is important for the bank's future success.
The document discusses intellectual effort and references. It notes that the brain is just a gateway to the mind, and the mind needs to maintain the brain to concentrate on useful thoughts. It also argues that those who do evil will not get an afterlife, and animals cannot attain infinite spiritual energy or an afterlife. The document concludes that solving problems requires analyzing causes, and that politics and total quality management will become more connected over time. Reform requires having a theory and being a bit of a philosopher.
- Evergrande Group, one of China's largest real estate developers, fell into a major debt crisis with total liabilities reaching 1.97 trillion yuan.
- The crisis was caused by deteriorating cash flow, an overreliance on high-leverage financing, and aggressive diversification into unrelated industries.
- Potential countermeasures discussed include restructuring debt through negotiations, asset sales, and government support to stabilize the real estate market and prevent wider economic impact.
- The document discusses strategies for increasing brand awareness and intention to use Pospay, a digital wallet launched by PT Pos Indonesia.
- Currently, 98.5% of Pospay users are PT Pos Indonesia employees, showing low brand awareness and usage outside the company.
- The study analyzes factors influencing brand awareness and usage intention through a literature review, value proposition canvas analysis, and survey data.
- Results show Pospay can create discounts/cashback and develop new features like inter-wallet transfers to boost awareness and intention to use.
The document proposes an integrated marketing communication strategy for KOST.ON3 Residence through benchmarking against competitors. It analyzes KOST.ON3 Residence's external environment and internal capabilities. The proposed strategy focuses on strengthening advertising using third-party platforms to improve brand awareness and reputation based on insights from an integrated marketing communication analysis and customer journey analysis. Using third-party platforms can help KOST.ON3 Residence expand its customer base by developing greater trust in its brand.
This document proposes marketing strategies to improve the performance of Wifi.id Corner, an internet access service provided by PT Telkom Indonesia. It analyzes Wifi.id Corner's external environment using PESTEL, Porter's Five Forces, and competitor and consumer analyses. An internal analysis uses STP and the 7Ps. SWOT and TOWS matrix analyses identify strengths, weaknesses, opportunities, and threats. Based on these, three strategies are proposed: using social media effectively, collaborating with the government and SMEs, and improving Wifi.id Corner's ambience. The goal is to enhance sales by creating purchase intention among consumers.
Datang International is a major Chinese power company that discloses carbon information in its social responsibility reports. The summary analyzes:
1) Datang International's carbon disclosure includes monetary information like environmental fees and subsidies, and non-monetary strategies, measures, and goals.
2) Disclosed strategies commit to green development and increasing clean energy, but some details are lacking.
3) Carbon reduction measures focus on upgrading generator units, developing clean energy, and conserving resources. However, some financial data is not reported.
This document summarizes a research article about the effect of social media marketing and quality of human resources on business development of MSMEs in Maros Regency, Indonesia. The article provides background on the importance of MSMEs to the Indonesian economy. It then reviews literature on topics like the definition of MSMEs, quality of human resources, use of social media marketing, and benefits of social media. The research aims to analyze the effect of social media marketing and quality of human resources on business development of MSMEs in Maros Regency using a quantitative survey method.
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https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
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19. Microsoft’s Digital Transformation Framework
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B4100814.pdf
1. American International Journal of Business Management (AIJBM)
ISSN- 2379-106X, www.aijbm.com Volume 4, Issue 10 (October-2021), PP 08-14
*Corresponding Author: PranjalSurendra Meshram 1
www.aijbm.com 8 | Page
Current status, Barriers and Opportunities of EVs in Asian
countries
PranjalSurendra Meshram1
, Aditya Anand Lanjewar2
1
M.Sc Student, Department of Chemical Engineering, University of Birmingham, UK
2
MBA Student, Department of Management Studies, Rajiv Gandhi Institute of Petroleum Technology, India.
Abstract: This decade Electric vehicles (EVs) have advanced and decreasing battery costs. Electric vehicles
(EVs) are reducing carbon emissions of GHG and trending towards decarbonizing. It reduce dependency on
fossil fuel completely decrease the ozone impact and promoting towards renewable energy. It should be noted
that gasoline use vehicles are more costly than EVs i.e.it is less costly than other transport medium.
Commercial vehicles for EVs require charging type infrastructure which can be easy to use, easy to access and
less expensive and will definitely expected over the next 5 years. The costs for Equipment, Installation and
Utility Service are fixed cost and Electricity cost is variable cost1
. In the Automobile sector EVs are moving
and within next 10 years there will be definitely shifts towards EVs. Asian Countries are on high demand and
have great potential business market.
The paper provides an overview of Electric Vehicle (EVs), Current status of EVs, Opportunities of EVs and
Barriers of EVs in Asian Countries along with the SWOT Analysis of EVs.It also recommends future
prospects of EVs New Module. Overall, this paper encouraging the competitiveness and expansion strategies
of EVs platform in 21st
Century.
Keywords: Electric Vehicles (EVs), Current Status, Opportunities, Barriers, SWOT Analysis
I. Introduction:
Adoption of Electric Vehicles (EVs) in Asian market with emphasis on Gap Analysis. The Asian
Countries are India, Pakistan, Sri Lanka, Bangladesh and Afghanistan. Starting with an overview of emerging
trend in Asian Countries relating to smog and congestion. To reduce the impact of carbon emission and to
protect sustainable environment, the Asian countries are adopting toward Electric Vehicle (EV) Technology.
Many of Automotive industries are implementing transformation towards EVs and some them have already
started. The Sustainable Development Goals (SDG) to decreasing carbon emission along with other hazardous
forms of emission which are polluting the environment i.e. SOx&NOx. The 3 A’s towards SDG are
Availability, Affordability & Accessibility. As an adoption of EVs will show zero per cent emissions, less noisy
and reducing import dependence on oil.
1
Henry Lee, Alex Clark, “Charging the Future: Challenges and Opportunities for Electric
Vehicle Adoption”, HKS Faculty Research Working Paper Series, RWP18-026, Sep 2018.
2. Current status, Barriers and Opportunities of EVs in Asian countries
*Corresponding Author: PranjalSurendra Meshram 1
www.aijbm.com 9 | Page
The two important Key Factors that Driving the Adoption of EVs are Environmental concerns and Cost
reduction parameter. To discuss in detail are as follows. Environmental Concern: EVs helps to reduce pollution
from exhaust emissions (i.e. zero per cent exhaust emissions). According to International Energy Agency more
than 20 per cent of carbon dioxide emissions can be easily reduces by adoption of sustainability approach [2].
Cost Reductions: Investment in Research & Development (R&D) will definitely reducing the cost reduction,
improving performance and proving better Quality. An ultimate goal of an Organization is to maximise the
Profit and to minimise the Overall Requirement cost.
Although, EVs current market trends, opportunity and barriers covers the following points. EVs market
is currently US$ 2.5 million expected to grow over 40% during the forecast period 2020-2030. There is an
increasing consumer concerns towards EVs. The Government is regularly taking measures towards cleaner
vehicles, providing government subsidies for buying EVs, Encouraging Industry Players to executing their new
models. The mainbarriers to adoption of EVs in Asian countries are the higher tax rates, the lack of acharging
infrastructure and the limited driving vehicles2
.
Moreover, there is serious about EVs in ASEAN (Association of Southeast Asian Nations). The biggest
drivers in ASEAN EVs market are Two-wheeled and Commercial fleets vehicles. A report shows, there will be
a new investment in EVs to US$6 billion by 2030. It should be noted that EVs market is likely to be slow from
2020 to 2025, and it should increase dramatically after 20253
. The benefits of Electric Motorcycle shown below:
Electric Vehicles (EVs) along with hybrid electric cars vehiclescan reduce carbon emissions, also SOx&NOx
which are releasing into theenvironment. If proper policy formulate and implement strategy will definitely go
long run to drive EVs in Asian Countries. The raw materials required for EVs batteries are Zinc, Cobalt and
Manganese require sector Investment4
.
Adoption of EVs leads of Electrification of market which reduces dependence on Oil, promoting green
diversification market or other availability such as Ethanol, Biodiesel and CNG. Thus emission can leads to Air
quality, good health of urban population. Also, on the other hand other renewable energy sources such as wind
and solar can surely be used to run EVs5
.In this Paper, we tried to focus on SWOT analyses business model6
.
2
Report Adoption of Electric Vehicles in Asian Market with emphasis on Gap Analysis:
Masterfox Consulting Group (MCG), Dec 18, 2019.
3
Report ASEAN Is Serious about Electric Vehicles, The ASEAN Post, 6th July 2019.
4
Report Growing EV Industry In ASEAN, The ASEAN Post, 22 Nov 2020.
5
Asia is poised to lead the next wave of growth in the EV industry, Investique Consulting
Group, 5th January 2019.
3. Current status, Barriers and Opportunities of EVs in Asian countries
*Corresponding Author: PranjalSurendra Meshram 1
www.aijbm.com 10 | Page
Strengths (S) Weaknesses (W)
Less Tax rate (S1) Crisis of Energy (W1)
Efficient (S2) Commercial vehicles are not ready to shift yet (W2)
New Technology (S3) Untrained manpower (W3)
Awareness of Environment (S4) Less developed Infrastructure (W4)
Opportunities (O) Threats (T)
Increasing Potential Market Demand (O1) Less sale means less revenue generation means less profit
(T1)
Type: Renewable Energy (O2) Raw materials price increasing(T2)
Platform: Digitalization (O3) Failure of Energy (T3)
Less Competition (O4) Instability of Political network (T4)
The Electric Vehicles (EVs) are following of four types7
:
Battery Electric Vehicles (BEVs): having only batteries as energy source.
Hybrid Electric Vehicles (HEVs): having alternative energy sources along with electricity. It also
referred to as internal combustion (IC) engine.
Ultra-capacitor-assisted EVs:having a combination of capacitor and electric battery.
Fuel cells EVs: having combine batteries and fuel cells.
II. Literature Review:
According to the Report of Masterfox Consulting Group (2019), highlighted Sustainability approach
towards adoption of EVs in Asian countries, performance parameters, quality improvement and cost cutting on
EVS. ASEAN (2019), Investment in a new model of EVs, sales forecasting and future trend. ASEAN (2020),
EVs formulating Strategy and implementing approach in a long run in Asian countries along with investment in
EVs battery materials. Investique Consulting Group (2019), declared that there will be an Electrification market
called diversified market leads to adoption of EVs, less dependence on Oil and less carbon emissions along with
other hazardous pollution caused due to fossil fuels. Henry lee (2018), focused on future EVs opportunities and
challenges and its adoption. Md. NazmulHasanSuman (2020), How EVs SWOT analysis done in Bangladesh
and the Business Strategy for implementation of New EV Module. On the Other hand, Draft Report of India
Smart Grid Forum highlighted infrastructure development for EVs and Electric Road Transport in member
states.SonaliGoel (2021), find important challenges ad future trend of EVs in India and vehicle to grid concept.
RafiqAsghar (2021), focuses on EVs adaption in Pakistan current trend, barriers and future opportunities.
Geotab report (2021), addressing barriers of EVs adaption in Afghanistan. Jayasinghe (2018), address impact of
EVs on Sri Lankan power sector. Md. Raju Ahmed (2019), important challenges for EVs adaption in
Bangladesh. Janardan Prasad Kesari (2019), mention opportunities of EVs in India.
III. Research Methodology:
The paper followed the current status, barriers and opportunities of EVs in all Asian countries i.e. India, Sri
Lanka, Pakistan, Afghanistan and Bangladesh.
1.1. India8
:
1.1.1. Current Status:
In India, the electric vehicle market is still booming. Electric car sales have been stagnant at 2000 units
per year for the past two years. However, there is a goal of selling 100 percent electric vehicles by
2030, with a compound annual growth rate of 28.12 percent since 2020.
A survey was conducted out in the city of Ludhiana, which revealed that 36% of the current automobile
owners of two-wheelers were also excited about switching to an electric vehicle.
The state government of Telengana is likewise pushing the usage of electric vehicles, announcing that
EV owners would not have to pay any road taxes. The Telengana State Electricity Regulatory
Commission (TSERC) established a charging fee for electric vehicles of INR 6 in 2018. In addition, the
TSERC set the service rate for the whole state at INR 6.04/kWh.
6
Md. NazmulHasanSuman, Fuad Ahmed Chyon, and Md. SazolAhmmed, Business strategy in
Bangladesh—Electric vehicle SWOT-AHP analysis: Case study‖, International Journal of Engineering
Business Management, Vol (12), pg.no 1–10, 2020.
7
Draft Report: INDIA SMART GRID FORUM, ―Study on Infrastructure and Enabling Environment for
Road Electric Transport in SAARC Member States‖, Submitted to: SAARC Energy Centre (SEC).
8
SonaliGoel ,Renu Sharma and Akshay Kumar Rathore, ―A review on barrier and challenges of electric
vehicle in India and vehicle to grid optimisation‖, Transportation Engineering, Vol. 4 (2021) 100057.
4. Current status, Barriers and Opportunities of EVs in Asian countries
*Corresponding Author: PranjalSurendra Meshram 1
www.aijbm.com 11 | Page
In addition, the Hyderabad metro train system has partnered with Power Grid Corporation of India Ltd
to provide electric vehicle charging stations at metro stations.
The New Delhi government received authority last year to build 131 public charging stations around
the city. A private company called Magenta Power is also working to provide EV charging
infrastructure on the Mumbai-Pune route.
1.1.2. Barriers:
Barriers to EV adoption in India may be tackled from a variety of angles, including technical issues, market
issues, and a lack of infrastructure.
Market
Vehicle servicing
High capital cost
Consumer perception
Raw materials for batteries
Technical
Battery lifespan/efficiency
Driving range of electric vehicle
1.1.3. Opportunities:
According to studies conducted by the International Energy Agency (IEA), the worldwide fleet of electric cars
has grown from 5,000 in 2008 to over two million in 2016. This is due to basic factors such as rising
environmental concerns, lower battery cost, and more charging infrastructure availability. All of this has
prompted experts to expect fast increase in EV use over the next decade, with growth projections ranging from
27% to 33% for the present year to 2030.
Although India still has a long way to go in terms of achieving its electric vehicle goals, it is clear that electric
vehicles present a significant growth opportunity. The central government created the National Mission Plan for
Electric Mobility (NEMMP) 2020 in 2013 to encourage the production of hybrid and electric cars in India, with
the goal of producing seven million electric cars by 2020. Furthermore, the government has chosen to fund up to
60% of R&D expenditures for the development of low-cost indigenous electric technologies, while global
automobile companies spend extensively in energy technology R&D.
1.2. Pakistan9
:
1.2.1. Current Status:
Pakistan's main automotive manufacturers are interested in producing EV models with a wide range of
pricing that target consumers of all income categories.
The Rahmat group will first create electric buses to enter the transportation industry, and then a
manufacturing factory will be built at the complex to create electric automobiles and twowheelers in
the second phase.
1.2.2. Barriers:
In Pakistan, the electric vehicle sector has significant obstacles. The main issue is that most automobile
customers are unaware of the benefits of electric automobiles versus gasoline-powered automobiles.
Electricity shortages and a lack of charging infrastructure are the primary reasons.
The charging time required by electric cars, as well as the driving range they provide, are regarded
negative characteristics that deter local people from purchasing EVs.
1.2.3. Opportunities:
In the 2018–19 budgets, the government announced 16 percent customs duty exemptions for charging stations
for electric cars. In addition, the government decreased the customs charge on electric car kits from 50% to
10%. Pakistan's federal cabinet passed the country's first-ever national Electric Vehicles (EV) policy on
November 5, 2019, in an effort to combat climate change and provide cheap transportation. By 2030, the
government plans to convert 30% of all vehicles, mostly automobiles and rickshaws, to electric vehicles in the
first phase. According to the strategy, 200,000 automobiles and 600,000 motorcycles and rickshaws will be
converted to electric vehicles in the next five years.
1.3. Afghanistan10
:
1.3.1. Current Status:
The current status of EVs in Afghanistan not in peak level as compare to other Asian countries, but it likely to
grow in coming decades as the Afghanistan government target to convert fuel vehicles to Electric vehicles may
be till 2030 or 2040. Because of less tax rate, less charging cost, less carbon emissions and many other factors.
9
RafiqAsghar, Faisal Rehman, ZahidUllah, AffaqQamar, KaleemUllah, Kashif Iqbal, Ali Aman and Agha
Ali Nawaz, ―Electric vehicles and key adaptation challenges and prospects in Pakistan: A comprehensive
review‖, Journal of Cleaner Production, 278 (2021) 123375.
10
Report: Addressing the barriers to EV adoption, Geotab, Published on January 6, 2021.
5. Current status, Barriers and Opportunities of EVs in Asian countries
*Corresponding Author: PranjalSurendra Meshram 1
www.aijbm.com 12 | Page
1.3.2. Barriers:
Consumer education
Range anxiety: the fear of running out of electricity
Public charging station ease-of use
Initial capital cost of electric vehicles
Access to charging stations in multi-unit residential
1.3.3. Opportunities:
Electric vehicle adoption is expected to continue to rise, with predictions estimating that by 2040, EVs will
account for 57 percent of all new passenger vehicle sales. Buying an electric vehicle is now more affordable for
a larger segment of the population. In 2019, the electric car market grew even more, e.g. Tesla Cyber truck, Ford
F-150, The Ford Mustang Mach-E.
1.4. Sri Lanka11
:
1.4.1. Current Status:
TheSri Lankan governmentis promoting an increase in the percentage of electric vehicles (EVs) in their
transportation sector, mostly owing to environmental degradation and rising oil prices. The number of electric
vehicles is rapidly increasing, with estimates that they would account for 2-3 percent of total vehicle stock by
2030.
1.4.2. Barriers:
Limited charging infrastructure.
Besides high charging time.
Less availability of the spare parts for EVscomparing with other general vehicle.
Replacement of batteries from time to time is also the hectic problem.
Awareness of EVs among the consumers is also not that much effective.
The poor road and traffic conditions
Lack of incentives and support from the government
1.4.3. Opportunities:
The manufacture of EVs and battery will lead to the increase in employment. The availability of low cost labor
will eventually benefit the investors to make a huge investment for the manufacturing of EVs.The improvement
in battery technology will be the emerging opportunity there. Development of the renewable energy resources
for charging the batteries is another upcoming opportunity. The adoption of EV’s will ultimately lead to the
reduction on the dependency of oil. Thus there will be the reduction of the fuel prices. Greater opportunities for
the research and development of EV’s are seen as an emerging opportunity with the lot of Government
investment in that sector.
1.5. Bangladesh12
:
1.5.1. Current Status:
Bangladesh has more than 0.5 million electric vehicles (EVs), which consume 450 MW of electricity daily
from the national grid.
Electric vehicles such as auto rickshawsand electric bikes are currently used in Bangladesh.
For travel of 70-100 km, an electric auto rickshawconsumes 8-11 kWh each day.
Electric bikes, on the other hand, need 1-2 kWh each 30-50 km.
The battery in this auto rickshaw takes 6-8 hours to fully charge.
The battery in an electric bike takes 3-5 hours.
1.5.2. Barriers:
In Bangladesh, there are no accurate data on the EV. As a result, the government is unable to take appropriate
action in this matter. There are several sorts of elements related with the adoption of electric vehicles i.e.
Inadequate EV charging stations (EVCS), battery technology, lack of power supply, excessive charging costs,
pollution, and so on. Some serious challenges faced by the country are as follows:
Shortage of power supply/load shedding
Lack of charging stations
Battery charging affects power quality issues
High charging cost and time
Battery life time, maintenance and technology/material used
Low EV speed
11
D.H.G.A.E. Jayasinghe, RandikaWijekoon and JanakaEkanayake, ―Impact of electric vehicles on the
operation of the Sri Lankan power system‖, Ceylon Journal of Science 47(4) 2018: 363-372.
12
Md. Raju Ahmed and Ashish Kumar Karmaker, ―Challenges for Electric Vehicle Adoption in
Bangladesh‖, International Conference on Electrical, Computer and Communication Engineering (ECCE),
7-9, February, 2019.
6. Current status, Barriers and Opportunities of EVs in Asian countries
*Corresponding Author: PranjalSurendra Meshram 1
www.aijbm.com 13 | Page
Frequent accident
Lack of government support
Non-licensed vehicle
Quality of road
1.5.3. Opportunities:
The opportunity of EVs in Bangladesh is very less as the research shows comparing with other Asian countries
as discussed in this paper. As there are always a pros and cons while formulating and implementing any new
module structure. Bangladesh government lacking to form a policy relating to renewable energy sources. The
new trend of EVs will sure solve the problem of various factors such as unemployment, carbon emissions, tax
rate etc. Overall, initially there is a less opportunity of EVs but with proper SWOT analysis strategy the
Bangladesh government can implement EVs on road i.e. in the coming decade 2030.
2. Result& Discussion:
2.1. India13
:
Our research leads us to three key conclusions concerning the future of electric vehicle adoption in India.
Because of governmental contracts, India might attain a volume of electric vehicle sales of more than 1.6
million cars. With the acquisition of four-wheeled cars for government offices, three-wheeled vehicles and
buses for public transportation is likely to be a key driver of development in the coming years. The following
should be the customer composition and deciding variables for each category:
4-wheelers: 30,000 cars should be purchased under public contracts until 2023.
2-wheelers: The category will be privately owned and funded, and will be defined shift from low-speed to
high-speed vehicles. E.g. Hero, Ampere, TVS etc.
3-Wheelers: Electric rickshaws are the fastest-growing category and company like Mahindra have already
released there model.
2.2. Pakistan14
:
While EVs are seen as the future of transportation, their use has made it simpler to modify vehicles and their
connected components, such as the power system. The charging network and battery technology have also been
enhanced, reducing charging time and increasing EV technology efficiency. As a result, a rising number of
suppliers, state agencies, stakeholders, and city planners concur that EV modifications will undoubtedly
improve business and consumer results. The following are some of the prospects linked with EV modifications
for Pakistan.
Economic development opportunity
Increased employment prospects
Enhanced living standard
Reduce fossil fuels dependency
Environmental sustainability opportunity
Industrial development opportunity
2.3. Afghanistan15
:
In terms of customer happiness and revenue generation, electric utility providers stand to benefit greatly from
pushing electric car adoption in Afghanistan. These adoptions will directly supporting sustainable energy.
Transportation, sustainability, demand management, demand response, and distributed energy resource
innovation are all areas where progressive utilities are leading the way.
2.4. Sri Lanka16
:
The following two scenarios were developed in order to define the EV predictions:
Business as usual (2020 – 2025):
The Department of Motor Traffic in Sri Lanka provided prepared plan phase till 2020 i.e. participation in the
Nationally Determined Contributions (NDCs) of the Conference of the Parties to the United Nations Framework
Convention on Climate Change's 21st session to allow the nation to prepare for the full-scale implementation.
Long-term plan (2025 – 2030):
13
Janardan Prasad Kesari, Yash Sharma and ChahatGoel, ―Opportunities and Scope for Electric Vehicles in
India‖, SSRG International Journal of Mechanical Engineering (SSRG-IJME): Volume 6 Issue 5–May
2019.
14
RafiqAsghar, Faisal Rehman, ZahidUllah, AffaqQamar, KaleemUllah, Kashif Iqbal, Ali Aman and Agha
Ali Nawaz, ―Electric vehicles and key adaptation challenges and prospects in Pakistan: A comprehensive
review‖, Journal of Cleaner Production, 278 (2021) 123375.
15
Report: Addressing the barriers to EV adoption, Geotab, Published on January 6, 2021.
16
D.H.G.A.E. Jayasinghe, RandikaWijekoon and JanakaEkanayake, ―Impact of electric vehicles on the
operation of the Sri Lankan power system‖, Ceylon Journal of Science 47(4) 2018: 363-372.
7. Current status, Barriers and Opportunities of EVs in Asian countries
*Corresponding Author: PranjalSurendra Meshram 1
www.aijbm.com 14 | Page
By 2030, Nationally Determined Contributions (NDCs) will reduce GHG emissions in the transportation sector
by 10% compared to 2010 levels. To meet our NDC, we need to cut emissions by 500 tones, which amount to
replacing 40,000 gasoline or diesel automobiles with electric vehicles by 2030. As a result, it was believed in
this scenario that the government would provide tax reductions to encourage the use of electric vehicles
2.5. Bangladesh17
:
The EV adoption in Bangladesh has resulted i.e. positive and negative impacts. The positive impacts include,
the low GHG emission, the low operating and manufacturing cost, it reduce the country’s dependency on
foreign oil imports. There are various weakness i.e. negative impacts in the adoption of EV’S which are as
follows, limited and low speed range of vehicle, it requires high charging time, there are still less awareness
among the consumers, lack of government support, lack of charging stations, poor road and traffic conditions
giving rise to frequent accidents. However amidst these negative impacts there are still abundant opportunities
for EV’s in Bangladesh which includes high employment opportunities, availability of low cost labor,
improvement in battery technology, greater opportunities for R&D, rising awareness on environment
sustainability.
IV. Conclusion:
The advantages of reduced pollution and the cheapest means of transportation make the EV market
more appealing to customers. However, for a variety of reasons, EVs were unable to meet market demand. In
this study, these concerns are shown in the context of Asian countries. As is well known, the number of
transport trucks is growing every day. As a result, vehicle emissions are rapidly growing. If the popularity of
electric vehicles (EVs) in the transportation business is not sufficiently established, pollution levels will
skyrocket. This report provides a high-level review of current EV development and discusses numerous
significant hurdles and adaptation possibilities. The advancement of the vehicle industry is linked to the
advancement of technology and government policy. So, overall, EVs are the future of road transportation and all
the Asian countries are focusing on the practical implementation of EVs.
Future Scope:
Electric Vehicles (EVs) require charging stations i.e. expanding charging infrastructure in various locations.
The government should emphasize this vehicle as an environmentally beneficial, cost-effective means of
transportation and also no tax on EVs.
Charging stations should be located in a convenient location where public transportation is accessible and
well-known.
As a result, to reduced GHG emissions from EVs, renewable-based charging stations are required to
increase long-term EV adoption.
For better performance and safe driving management, government institutions should give training facilities
to EV drivers.
Governments of various nations may be able to provide training and workshop facilities for this purpose.
In addition, the road quality, particularly in rural regions, should be upgraded.
To improve technology, the government should support the establishment of new research centers.
Declaration of conflicting interests:
The author(s) declared no potential conflicts of interest withrespect to the research.
Funding:
The author(s) received no financial support for the research.
17
Md. Raju Ahmed and Ashish Kumar Karmaker, ―Challenges for Electric Vehicle Adoption in
Bangladesh‖, International Conference on Electrical, Computer and Communication Engineering (ECCE),
7-9, February, 2019.