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Electric Vehicle­The Future of transportation
 OM DHAWAN    75    27 OCT 2021    3 MIN READ
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How EVs become a trend, market challenges, and how EVs compensate for their higher prices. #ThinkWithNiche
India’s Initiative Towards Greenery
India has widely implemented E­rickshaw and taxis that run on green fuels. This is considered as county’s
first  step  in  becoming  a  green  vehicle  country.  It  was  important  to  start  from  the  core  of  the  country.
That’s what India did, it first started reducing the emission caused by public transport vehicles such as
taxis and auto­rickshaws. In metro cities, you can now see Electric buses, which again is an important
step towards a low pollution country.
Electric Vehicles – The New Way to Be Eco­Friendly
EV, the trend started by Elon Musk’s Tesla took up the market as fast as a Space­x rocket. Tesla showed
that  they  can  be  premium  and  eco­friendly.  After  some  time,  Tesla  became  the  challenge  every
automobile country wanted to conquer.
From India­ based TATA Motors to South Korean carmaker Hyundai Motors every company has invested
in Electric Vehicles. TATA Motors is ready with its Nixon EV, and Hyundai is going to launch an electric
SUV  E­Kona.  Hyundai  along  with  launching  its  e­SUV  invested  Rs2000  crore  for  its  EV  project  in  the
country.
With Popularity Comes a Flashy Price
One of the main reasons why EVs can’t be the only vehicle on street is their flashy price. The e­Kona, an
electric SUV is priced at 25 lakh which is 10 lakhs more than its premium SUV Creta.
The  other  reason  is  the  lack  of  electric  stations  in  the  country.  Fuel  stations  can  be  located  every  5
kilometers across the nation, while electric stations are few. While the country encourages companies to
0:00
kilometers across the nation, while electric stations are few. While the country encourages companies to
invest  in  electric  vehicles,  the  government  must  recognise  the  need  for  charging  facilities.  EV  takes  a
minimum  of  30  mins  for  a  full  charge  in  comparison  to  filling  up  a  fuel  tank,  charging  an  EV  is  like
standing in a long line to get your vehicle’s tank filled.
EV’s Running Cost Compensates for The High Acquiring Cost
While charging an EV takes time it’s very cost­efficient for the user. The petrol prices are touching Rs
100liter in almost every state in India. The enormous hike in price has made it difficult for a user to fill up
their vehicle's tank. The cost of domestic electricity varies from Rs 6­9/unit in India. This means that while
an EV's purchase price is high, its running costs are low.
Conclusion
The path to a green country is laid with electric vehicles. Because the country's pollution levels have lowered as a
result of the lockdown, every action taken in the sequel should be in the country's favor.
As  more  automakers  enter  the  electric  vehicle  market,  prices  will  come  down;  that's  the  beauty  of  competition:
consumers always win. To prevent severe consequences, humanity has only a decade to curb Emissions of co2.
 
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