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.
What Is The Future of Electric vehicles in India by 2030
Under this mission, the Government would use the following mechanisms/ policies to increase the usage of electric vehicles in India
National Electric Mobility Plan (NEMMP) 2020 targets to deploy 5 to 7 million electric vehicles in the country by 2020
Permissive legislation: Legislations to allow usage of electric vehicles in various areas, if not already allowed.
Source- http://e-vehicleinfo.com/
Saur Energy talks to Tata Power on 'EV Market in India' Tata Power
Saur Energy talks to Tata Power on 'EV Market in India' by making India EV Ready with energy-efficient charging infrastructure. #EVChargingNetwork #TataPower #TataPowerEVCharging
State of the-Indian Electric Vehicle Infrastructure Market (An In-depth analy...Mirdul Amin Sarkar
Electric Vehicle(EV) is the sexiest transportation system of the 21st century. In India, Electric Vehicles (EVs) are the new talk of town not only because it helps to reduce emissions, but also they give the owner a status in society, that of one conscious of the environment, a green crusader of sorts
Overall Problem-
It has been estimated that worldwide, the total number of vehicles is most likely to triple by the year 2050, and it will be concentrated in developing regions, leading to energy and ecological calamity. Governmental agencies are now directing their focus on the development of electric vehicles to avert the impending crisis.
Current Scenario
India currently spends $102 billion on importing crude oil to cover 80 % of its transport needs, putting a strain on the Indian Economy and pointing towards a shortage of energy reserves
soon. The automobile sector has reported an increase in sales, from 21.5 million in FY19 to 26.2 million in FY20, making it lucrative for the transport giants to increase the production of EVs. The move also puts the focus on Indian infrastructure for electricity generation. India produces 374 Gigawatts of electricity, providing for 97.6 % of the households in India, and
around 90% of the rural areas, which indicates that the energy sector may soon face a shortage.
Advantages
The gains consist of environmental and economic benefits. By adopting a shared and electric model for transportation, energy consumption and carbon emissions can be reduced by 64 percent and 37 percent, respectively, by 2030.
Current Framework
Government policy advisor NITI Ayog has proposed electrification for 80 percent of two- and three-wheelers, 30 percent of four-wheelers, and 45 percent of buses by 2030. Authorities have introduced the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles in India (FAME) - II; a scheme that incentivizes the purchase of EVs. It has also been proposed that the Goods and Services Tax (GST) rate on EVs should be reduced from a rate of 12 percent to 5 percent.
The scheme of Battery-swapping has been introduced wherein users pay only when they swap a used battery with a charged one instantly. The market for EV battery-swapping is likely to increase up to $6.1 million by the year 2030
Challenges-
1. Estimate the growth of the 4-wheeler EV segment over 5 years (till FY25). Calculate the projections for all the years.
2. What will be the main challenges of the EV segment to grow in the given scenario of COVID-19?
3. Suppose you are the Indian head of Tata Motors. Propose a detailed plan to increase the penetration of the 4-wheeler private EV in Agra. (Consider COVID-19)
4. Estimate the cost of providing charging spaces in a popular marketplace like Connaught Place in Delhi.
5. Come up with strategies to implement the practice of battery swapping feasibly to the consumers.
An electric vehicle, uses one or more electric motors or traction motors for propulsion.
An electric vehicle may be powered through self-contained battery, solar panels or an electric generator to convert fuel to electricity.
What Is The Future of Electric vehicles in India by 2030
Under this mission, the Government would use the following mechanisms/ policies to increase the usage of electric vehicles in India
National Electric Mobility Plan (NEMMP) 2020 targets to deploy 5 to 7 million electric vehicles in the country by 2020
Permissive legislation: Legislations to allow usage of electric vehicles in various areas, if not already allowed.
Source- http://e-vehicleinfo.com/
Saur Energy talks to Tata Power on 'EV Market in India' Tata Power
Saur Energy talks to Tata Power on 'EV Market in India' by making India EV Ready with energy-efficient charging infrastructure. #EVChargingNetwork #TataPower #TataPowerEVCharging
State of the-Indian Electric Vehicle Infrastructure Market (An In-depth analy...Mirdul Amin Sarkar
Electric Vehicle(EV) is the sexiest transportation system of the 21st century. In India, Electric Vehicles (EVs) are the new talk of town not only because it helps to reduce emissions, but also they give the owner a status in society, that of one conscious of the environment, a green crusader of sorts
Overall Problem-
It has been estimated that worldwide, the total number of vehicles is most likely to triple by the year 2050, and it will be concentrated in developing regions, leading to energy and ecological calamity. Governmental agencies are now directing their focus on the development of electric vehicles to avert the impending crisis.
Current Scenario
India currently spends $102 billion on importing crude oil to cover 80 % of its transport needs, putting a strain on the Indian Economy and pointing towards a shortage of energy reserves
soon. The automobile sector has reported an increase in sales, from 21.5 million in FY19 to 26.2 million in FY20, making it lucrative for the transport giants to increase the production of EVs. The move also puts the focus on Indian infrastructure for electricity generation. India produces 374 Gigawatts of electricity, providing for 97.6 % of the households in India, and
around 90% of the rural areas, which indicates that the energy sector may soon face a shortage.
Advantages
The gains consist of environmental and economic benefits. By adopting a shared and electric model for transportation, energy consumption and carbon emissions can be reduced by 64 percent and 37 percent, respectively, by 2030.
Current Framework
Government policy advisor NITI Ayog has proposed electrification for 80 percent of two- and three-wheelers, 30 percent of four-wheelers, and 45 percent of buses by 2030. Authorities have introduced the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles in India (FAME) - II; a scheme that incentivizes the purchase of EVs. It has also been proposed that the Goods and Services Tax (GST) rate on EVs should be reduced from a rate of 12 percent to 5 percent.
The scheme of Battery-swapping has been introduced wherein users pay only when they swap a used battery with a charged one instantly. The market for EV battery-swapping is likely to increase up to $6.1 million by the year 2030
Challenges-
1. Estimate the growth of the 4-wheeler EV segment over 5 years (till FY25). Calculate the projections for all the years.
2. What will be the main challenges of the EV segment to grow in the given scenario of COVID-19?
3. Suppose you are the Indian head of Tata Motors. Propose a detailed plan to increase the penetration of the 4-wheeler private EV in Agra. (Consider COVID-19)
4. Estimate the cost of providing charging spaces in a popular marketplace like Connaught Place in Delhi.
5. Come up with strategies to implement the practice of battery swapping feasibly to the consumers.
An electric vehicle, uses one or more electric motors or traction motors for propulsion.
An electric vehicle may be powered through self-contained battery, solar panels or an electric generator to convert fuel to electricity.
How an Electric Vehicle can be a potential threat to CNG. What is Govt Initiative that is a boon to the electric vehicle industry are discussed & how various stakeholders are showing their interest in EV.
According to the research published by BIS Research, the India Electric Vehicle Ecosystem Market registering a CAGR of 43.13% between 2019 and 2030.
View the Report: https://bisresearch.com/industry-report/india-electric-vehicle-market.html
Thanks to the overwhelming response to our first report, we have had to quickly bring out an update. Have tried to incorporate all your suggestions and comments on the first report and it has allowed us to refresh some other data too.
Over the past few years, India’s cities have been witnessing an increasing trend in road traffics. It is mainly because of the increase in motorization on the roads of Indian cities. This results into the issues like deteriorating the air quality and noise pollution. To get out of this gridlock there have been calls to promote public transport. It is in this context that electric vehicles can play a positive role, as there are several benefits associated with the shift from conventional petrol or diesel vehicles to electric vehicles. In spite of many positive benefits related to electric vehicle technology, certain challenges are also there like currently Electric Vehicle is associated with significant capital costs, certain safety parameters like a concern of a fire hazard. The use of solar energy converted in to electrical energy can be more environmental friendly. Using solar energy as an electrical energy to charge the vehicle batteries will reduce the cost on fuel.
Electric vehicle charging infrastructure in India: Challenges and road aheadIET India
Charging infrastructure is the backbone for EV adoption in India, in the same way as Internet was for e-commerce. The Government of India announced an outlay of ₹10,000 crore for
FAME 2 to boost the number of electric vehicles in India and a total of ₹1,000 crore has been earmarked for setting up charging stations for EVs. Much of the remaining policy are
behavioural modifications and demand incentives for end users. However, the adoption relies heavily on how we crack the chicken and egg situation of charging infrastructure.
IET’s Future of Mobility and Transport Panel brought together a set of EV infrastructure experts drawn from organisations representing battery manufacturers, fleet operators, charging service providers, fintech firms as well as the Government of India in a bid to articulate current challenges in adoption of EV vehicles in India. Read the report to get answers to your questions regarding: Should fleet owners go beyond their core competency and deploy charging infrastructure or should the government plan for the demand? What will the numbers look like in 3 years? How
can demand load planning be done with the distribution companies? What business models will be successful?
future of electric vehicles in India,state government support to electric vehicles.Government of India has plans to make a major shift to electric vehicles by 2030.A mission named 2030 electric by the government of India to accomplish it. Karnataka is the first state government to implement EV policy in India
Electric Vehicles in India: Challenges & Opportunities Nitin Sukh
Electric vehicles (EVs) are no longer science fiction. Scientific achievements in this space have led to the mainstreaming of EVs in the United States, Israel and some European countries. India isn’t far behind either with Mahindra-Reva, Hero Electric and other domestic OEMs leading the front. Durable lithium ion batteries, fast charging networks, efficient chassis design and electric drive trains are key links in the EV value chain and extensive technological progress has been made in all these areas. However, for EVs to truly lead GhG reduction in Indian Industry and have a positive impact on the country’s energy security, the integration of smart grids and renewable energy feeds into these grids are a must. In fact, without these two critical components, the introduction of EVs into the current ecosystem would be an ecological burden and lead to greater GhG emissions since energy will be derived from a predominantly coal powered and inefficient energy grid.
Therefore, this study undertaken by YES BANK and TERI-BCSD critically analyses the EV value chain, identifying hidden triple bottom line risks and highlighting innovative clean technologies and business models that mitigate those risks, thereby making the value chain more attractive from lending and investment perspectives. The paper also concludes with a sobering and pragmatic analysis of the current and projected EV scenario in India versus the internal combustion engine.
Market Research Report : Electric vehicles market in china 2015 - SampleNetscribes, Inc.
For the complete report, get in touch with us at: info@netscribes.com
Abstract :
Netscribes’ latest market research report titled Electric Vehicle Market in China 2015 highlights the current as well as the future electric vehicle market scenario in China. Led by government support, Chinese Electric Vehicle market is expected to witness phenomenal growth in the coming years. Rising population and growing transport demand provides an impetus to the growth of the market. Foreign dependency on crude oil is expected to emerge as a major growth driver for the Chinese electric vehicle market. Reduction mandate of CO2 emission is also expected to boost the growth prospects of the electric vehicle market in China. However, The players operating in the market also face challenges which are impeding their development and growth. Electric vehicle performance has emerged as a major challenge facing the market growth. Cost constraints and battery life cycle are also expected to have an unfavorable impact on the growth of the Chinese electric vehicle market.
Chinese government has announced several programs to promote the development of EV in China. Some of the major initiatives covered include development plan for fuel-efficient and new energy vehicles (2011-2020), ten cities, one thousand vehicles program and research and development support policies. The government is also offering various fiscal incentives to complement mandatory vehicle efficiency standards Emerging trends in the electric vehicle market include product innovation, infrastructure development and growing competition.
Table of Contents :
Slide 1: Executive Summary
Macroeconomic Indicators
Slide 2: Current Account Balance (2010 – 2015e), Exchange Rate: Half Yearly (Jan 2014 – May 2014)
Slide 3: Lending Rate: Annual (2010 – 2013), Trade Balance: Annual (2009 – 2012), FDI: Net Inflow (2009-2012)
Slide 4: GDP at Current Prices: Annually(2010 – 2015e), Inflation, Average Consumer Prices (2010 – 2015e)
Introduction
Slide 5: Electric Vehicle Market - Segments
Slide 6: Differentiating Factors Overview between electric vehicles (EV) and Plug-in Hybrid Electric Vehicle (PHEV)
Slide 7: Electric Vehicle Battery Overview
Market Overview – Global
Slide 8: Top 21 Electrified Vehicles: Sales Wise (2013)
Slide 9: Global Electric Vehicle Market Segments – Overview (2013)
Slide 10: Top Countries: EV Market Share (% of Total Auto Market)
Market Overview – China
Slide 11: Electric Vehicle Market Overview (Volume – wise; 2013,2015,2020e)
Slide 12: Electric Vehicle – Market Snapshot
Slide 13-16: Top Speed Pure Electric Car Models
Direct Investment Scenario
Slide 17: Direct Investments Scenario – Summary
Slide 18-26: Direct Investments Scenario – Major Companies
Drivers & Challenges
Slide 27: Drivers and Challenges – Summary
Slide 28-33: Drivers
Slide 34-36: Challenges
Key Trends
Slide 37: Trends – Summary
Slide 38-40: Major Trends in the Market
Market Research Report : Electric vehicle market in india 2014 - SampleNetscribes, Inc.
For the complete report, get in touch with us at: info@netscribes.com
Abstract :
Electric vehicle market is expected to witness phenomenal growth in the coming years. Increasing fuel costs, rise in pollution level and increasing government support will boost the adoption of electric vehicles in India.
The report highlights the analysis of the drivers and explains the factors for growth of the industry. Government Initiatives, Rise in fuel costs, Low operating and maintenance cost and foreign dependence for crude oil are the key drivers for the Electric Vehicle Market in India. Recently, MNRE had implemented the Alternate Fuels for Surface Transportation Program to subsidize the purchase of electric vehicles. Domestic electric vehicle industry has witnessed significant short term growth owing to the various initiatives undertaken by the Indian government. Fuel costs play a vital role in influencing the consumer’s automobile purchase decision. Indian automobile industry has been witnessing sluggish demand and one of the primary reasons for this is increase in fuel prices. Use of electric vehicles is likely to reduce the increasing dependence on foreign crude oil as electricity can be generated from various natural resources in India. As electric vehicles are considered to be zero-polluting, increasing usage of such vehicles can aid in bringing down the country’s level of pollution.
Table of Contents :
Slide 1: Executive Summary
Macroeconomic Indicators
Slide 2: Economic Indicators: GDP at cost factor cost: Quarterly (2011-12- 2014-15) & Inflation rate Monthly (Jul-Aug 2013 – Nov-Dec 2013)
Slide 3: Gross fiscal deficit: Monthly (Feb-2013-Jul 2013) & Exchange Rate: Monthly (Apr 2014- Sep 2014)
Slide 4: Lending rate: Annual (2011-12-2013-14); Trade Balance: Annual (2010-11-2013-14) & FDI: Annual (2009-10-2012-13)
Introduction
Slide 5: Electric Vehicle – Introduction and Types of Electric Vehicles – Technology-wise
Slide 6: Electric Vehicle Market – Transition
Slide 7: Shift towards Electric Mobility
Market Overview
Electric Vehicle
Slide 8: Electric Vehicle Market – Overview, Market Size and Growth (2013-2018e) (Value wise), Market Share – Segment-wise (2012-13)
Slide 9: Vehicle Lifecycle Cost Comparison across Supply Chain – Electric Vehicle vs. ICE Vehicles
Slide 10: Cost Comparison across Manufacturing Process – Electric Vehicle vs. ICE Vehicles
Major Segments
Slide 11: Electric Four Wheelers Market – Overview, Market Size and Growth (2013-2018e) (Value wise), Consumer Preference – Electric Vehicle Technology-wise
Slide 12-13: Electric Two Wheelers Market – Overview, Market Size and Growth (2013-2018e) (Value wise), Consumer Preference, Low Speed and High Speed Electric Two Wheeler Specifications
Slide 13: Electric Three Wheelers – Overview, Market Size and Growth (2013-2018e) (Value wise)
Market Analysis
Slide 14: Matrix of Key Challenges to Electric Vehicle Adoption – Segme
March 2014 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
INDUSTRY ANALYSIS : Power Sector
COMPANY ANALYSIS : Tata Power
Concept of the Month
Quiz
Did You Know?
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.
How an Electric Vehicle can be a potential threat to CNG. What is Govt Initiative that is a boon to the electric vehicle industry are discussed & how various stakeholders are showing their interest in EV.
According to the research published by BIS Research, the India Electric Vehicle Ecosystem Market registering a CAGR of 43.13% between 2019 and 2030.
View the Report: https://bisresearch.com/industry-report/india-electric-vehicle-market.html
Thanks to the overwhelming response to our first report, we have had to quickly bring out an update. Have tried to incorporate all your suggestions and comments on the first report and it has allowed us to refresh some other data too.
Over the past few years, India’s cities have been witnessing an increasing trend in road traffics. It is mainly because of the increase in motorization on the roads of Indian cities. This results into the issues like deteriorating the air quality and noise pollution. To get out of this gridlock there have been calls to promote public transport. It is in this context that electric vehicles can play a positive role, as there are several benefits associated with the shift from conventional petrol or diesel vehicles to electric vehicles. In spite of many positive benefits related to electric vehicle technology, certain challenges are also there like currently Electric Vehicle is associated with significant capital costs, certain safety parameters like a concern of a fire hazard. The use of solar energy converted in to electrical energy can be more environmental friendly. Using solar energy as an electrical energy to charge the vehicle batteries will reduce the cost on fuel.
Electric vehicle charging infrastructure in India: Challenges and road aheadIET India
Charging infrastructure is the backbone for EV adoption in India, in the same way as Internet was for e-commerce. The Government of India announced an outlay of ₹10,000 crore for
FAME 2 to boost the number of electric vehicles in India and a total of ₹1,000 crore has been earmarked for setting up charging stations for EVs. Much of the remaining policy are
behavioural modifications and demand incentives for end users. However, the adoption relies heavily on how we crack the chicken and egg situation of charging infrastructure.
IET’s Future of Mobility and Transport Panel brought together a set of EV infrastructure experts drawn from organisations representing battery manufacturers, fleet operators, charging service providers, fintech firms as well as the Government of India in a bid to articulate current challenges in adoption of EV vehicles in India. Read the report to get answers to your questions regarding: Should fleet owners go beyond their core competency and deploy charging infrastructure or should the government plan for the demand? What will the numbers look like in 3 years? How
can demand load planning be done with the distribution companies? What business models will be successful?
future of electric vehicles in India,state government support to electric vehicles.Government of India has plans to make a major shift to electric vehicles by 2030.A mission named 2030 electric by the government of India to accomplish it. Karnataka is the first state government to implement EV policy in India
Electric Vehicles in India: Challenges & Opportunities Nitin Sukh
Electric vehicles (EVs) are no longer science fiction. Scientific achievements in this space have led to the mainstreaming of EVs in the United States, Israel and some European countries. India isn’t far behind either with Mahindra-Reva, Hero Electric and other domestic OEMs leading the front. Durable lithium ion batteries, fast charging networks, efficient chassis design and electric drive trains are key links in the EV value chain and extensive technological progress has been made in all these areas. However, for EVs to truly lead GhG reduction in Indian Industry and have a positive impact on the country’s energy security, the integration of smart grids and renewable energy feeds into these grids are a must. In fact, without these two critical components, the introduction of EVs into the current ecosystem would be an ecological burden and lead to greater GhG emissions since energy will be derived from a predominantly coal powered and inefficient energy grid.
Therefore, this study undertaken by YES BANK and TERI-BCSD critically analyses the EV value chain, identifying hidden triple bottom line risks and highlighting innovative clean technologies and business models that mitigate those risks, thereby making the value chain more attractive from lending and investment perspectives. The paper also concludes with a sobering and pragmatic analysis of the current and projected EV scenario in India versus the internal combustion engine.
Market Research Report : Electric vehicles market in china 2015 - SampleNetscribes, Inc.
For the complete report, get in touch with us at: info@netscribes.com
Abstract :
Netscribes’ latest market research report titled Electric Vehicle Market in China 2015 highlights the current as well as the future electric vehicle market scenario in China. Led by government support, Chinese Electric Vehicle market is expected to witness phenomenal growth in the coming years. Rising population and growing transport demand provides an impetus to the growth of the market. Foreign dependency on crude oil is expected to emerge as a major growth driver for the Chinese electric vehicle market. Reduction mandate of CO2 emission is also expected to boost the growth prospects of the electric vehicle market in China. However, The players operating in the market also face challenges which are impeding their development and growth. Electric vehicle performance has emerged as a major challenge facing the market growth. Cost constraints and battery life cycle are also expected to have an unfavorable impact on the growth of the Chinese electric vehicle market.
Chinese government has announced several programs to promote the development of EV in China. Some of the major initiatives covered include development plan for fuel-efficient and new energy vehicles (2011-2020), ten cities, one thousand vehicles program and research and development support policies. The government is also offering various fiscal incentives to complement mandatory vehicle efficiency standards Emerging trends in the electric vehicle market include product innovation, infrastructure development and growing competition.
Table of Contents :
Slide 1: Executive Summary
Macroeconomic Indicators
Slide 2: Current Account Balance (2010 – 2015e), Exchange Rate: Half Yearly (Jan 2014 – May 2014)
Slide 3: Lending Rate: Annual (2010 – 2013), Trade Balance: Annual (2009 – 2012), FDI: Net Inflow (2009-2012)
Slide 4: GDP at Current Prices: Annually(2010 – 2015e), Inflation, Average Consumer Prices (2010 – 2015e)
Introduction
Slide 5: Electric Vehicle Market - Segments
Slide 6: Differentiating Factors Overview between electric vehicles (EV) and Plug-in Hybrid Electric Vehicle (PHEV)
Slide 7: Electric Vehicle Battery Overview
Market Overview – Global
Slide 8: Top 21 Electrified Vehicles: Sales Wise (2013)
Slide 9: Global Electric Vehicle Market Segments – Overview (2013)
Slide 10: Top Countries: EV Market Share (% of Total Auto Market)
Market Overview – China
Slide 11: Electric Vehicle Market Overview (Volume – wise; 2013,2015,2020e)
Slide 12: Electric Vehicle – Market Snapshot
Slide 13-16: Top Speed Pure Electric Car Models
Direct Investment Scenario
Slide 17: Direct Investments Scenario – Summary
Slide 18-26: Direct Investments Scenario – Major Companies
Drivers & Challenges
Slide 27: Drivers and Challenges – Summary
Slide 28-33: Drivers
Slide 34-36: Challenges
Key Trends
Slide 37: Trends – Summary
Slide 38-40: Major Trends in the Market
Market Research Report : Electric vehicle market in india 2014 - SampleNetscribes, Inc.
For the complete report, get in touch with us at: info@netscribes.com
Abstract :
Electric vehicle market is expected to witness phenomenal growth in the coming years. Increasing fuel costs, rise in pollution level and increasing government support will boost the adoption of electric vehicles in India.
The report highlights the analysis of the drivers and explains the factors for growth of the industry. Government Initiatives, Rise in fuel costs, Low operating and maintenance cost and foreign dependence for crude oil are the key drivers for the Electric Vehicle Market in India. Recently, MNRE had implemented the Alternate Fuels for Surface Transportation Program to subsidize the purchase of electric vehicles. Domestic electric vehicle industry has witnessed significant short term growth owing to the various initiatives undertaken by the Indian government. Fuel costs play a vital role in influencing the consumer’s automobile purchase decision. Indian automobile industry has been witnessing sluggish demand and one of the primary reasons for this is increase in fuel prices. Use of electric vehicles is likely to reduce the increasing dependence on foreign crude oil as electricity can be generated from various natural resources in India. As electric vehicles are considered to be zero-polluting, increasing usage of such vehicles can aid in bringing down the country’s level of pollution.
Table of Contents :
Slide 1: Executive Summary
Macroeconomic Indicators
Slide 2: Economic Indicators: GDP at cost factor cost: Quarterly (2011-12- 2014-15) & Inflation rate Monthly (Jul-Aug 2013 – Nov-Dec 2013)
Slide 3: Gross fiscal deficit: Monthly (Feb-2013-Jul 2013) & Exchange Rate: Monthly (Apr 2014- Sep 2014)
Slide 4: Lending rate: Annual (2011-12-2013-14); Trade Balance: Annual (2010-11-2013-14) & FDI: Annual (2009-10-2012-13)
Introduction
Slide 5: Electric Vehicle – Introduction and Types of Electric Vehicles – Technology-wise
Slide 6: Electric Vehicle Market – Transition
Slide 7: Shift towards Electric Mobility
Market Overview
Electric Vehicle
Slide 8: Electric Vehicle Market – Overview, Market Size and Growth (2013-2018e) (Value wise), Market Share – Segment-wise (2012-13)
Slide 9: Vehicle Lifecycle Cost Comparison across Supply Chain – Electric Vehicle vs. ICE Vehicles
Slide 10: Cost Comparison across Manufacturing Process – Electric Vehicle vs. ICE Vehicles
Major Segments
Slide 11: Electric Four Wheelers Market – Overview, Market Size and Growth (2013-2018e) (Value wise), Consumer Preference – Electric Vehicle Technology-wise
Slide 12-13: Electric Two Wheelers Market – Overview, Market Size and Growth (2013-2018e) (Value wise), Consumer Preference, Low Speed and High Speed Electric Two Wheeler Specifications
Slide 13: Electric Three Wheelers – Overview, Market Size and Growth (2013-2018e) (Value wise)
Market Analysis
Slide 14: Matrix of Key Challenges to Electric Vehicle Adoption – Segme
March 2014 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
INDUSTRY ANALYSIS : Power Sector
COMPANY ANALYSIS : Tata Power
Concept of the Month
Quiz
Did You Know?
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.
This report provides you an insight about India’s position in world market and its capacity to sustain in the future. India serves a huge potential for EV sector to grow provided its consumption of lithium batteries. India also serves as a huge market for other companies to invest in India’s EV sector and merchandise its products, due to lacking of prudent reforms for EV sector and charging infrastructure in India. This report also provides the number of vehicles registered in each EV segment and which segment has potential to grow more and which state has more potential for EV sector and current data of well off state in EV sector. EV charging infrastructure and batteries market shows that India is a potential consumer of lithium ion batteries, imported from China. Government has introduced some policies and finance assistance to the automobile producers to produce EVs and allocating separate budget for EV production. Mahindra Electronics and Tata Motors has initiated their operations in EV sector and planning to increases their capacity in various other big cities like Mumbai, Delhi, Karnataka etc. Mahindra has its maximum installed capacity at Bangalore city, which provides a sustainable environment to conduct EV business. Mahindra and Tata both Indian multinational companies are at the frontline of EV business in India.
Background
India, the largest market for two-wheelers and the fifth-biggest market for passenger vehicles (cars, vans, and utility vehicles), has a negligible presence of electric vehicles at this point. The government has expressed intent to push manufactures to get into mass manufacturing of electric vehicles to meet its 2030 target in its bid to reduce dependence on imported fuel and control environmental pollution.
India launched its National Electric Mobility Mission Plan 2020 (NEMMP) in 2013 to ease dependence on foreign oil imports. The National Electric Mobility Mission Plan 2020, notified by the Department of Heavy Industry, Ministry of Heavy Industries and Public Enterprises, Government of India seeks to enhance national energy security, mitigate adverse environmental impacts from road transport vehicles and boost domestic manufacturing capabilities for Electric Vehicles (EVs). It is envisaged that EVs are expected to play a significant role in India’s transition to a low-carbon eco-system.
Government of India has formulated a scheme, titled Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India, under the National Electric Mobility Mission Plan 2020, to encourage the progressive induction of reliable, affordable and efficient electric and hybrid vehicles. The scheme is proposed to be implemented till 2020, wherein it is intended to support the hybrid/EVs market development and its manufacturing eco-system to achieve self-sustenance.
About EV
Electric vehicle (EV) is a mode of transport system that utilizes electricity to power their motors, instead of using conventional vehicle fuels. There are two basic types of EVs: all-electric vehicles (AEVs) and plug-in hybrid electric vehicles (PHEVs).
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.
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.
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
The overall share of EVs in India's auto sales has risen sharply to 6.38% in 2023 from 1.75% in 2021, reflecting a growing consumer preference for electric vehicles over a two-year period. According to category-wise data, two-wheelers (2W) and three-wheelers (3W) experienced growth of 37% and 66%.
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2. Electric vehicles have a vast opportunity in upcoming future because of it’s substitution with gasoline and other
fuels. Since all the fuels we use are limited and we will run out of the fuels in near future, this can be next
substitution to all of fossil fuels easily. Since It can be generated easily with a lot of different ways it will be more
productive and this process cause less global warming.
The move to electric mobility has always been the priority of the Narendra Modi government, keeping in mind
India’s commitment to reduce its carbon footprint by a third from 2005 levels.
In her maiden budget, Finance Minister Nirmala Sitharaman has made switching to EVs a priority. She has
allocated Rs 10,000 crore to the Faster Adoption and Manufacturing of Electric Vehicles (FAME II) scheme.
With government push and influx of startups, EV market is indeed a hot segment to invest in. From buses to cars,
2-wheelers to 3-wheelers, companies across the spectrum are drawing out their EV plans. Further, companies like
Tesla and China’s Contemporary Amperex Technology and BYD Co, are creating a charged environment with
their interest in the Indian government’s plan to build large factories to make lithium-ion batteries at an
investment of about Rs 50,000 crore.
Not to be left behind, 4-wheeler companies like Tata Motors, Maruti Suzuki and Hyundai Motors are readying
their EV models for 2020 launch. In fact, after launching India’s first long-range electric SUV Kona, Hyundai is
planning to develop a new EV platform for the mass market with a $200-million investment. New entrants like
the Chinese MG Motors and Korean Kia Motors are exploring EV launches to gain a toehold on Indian roads.
3. India is the world‘s largest 2-wheeler market, and a leading market for three-wheelers. With over 99 per cent of
the total EV sales coming from 2- and 3- wheelers segment, the future outlook remains strong for these segments.
Welcoming the government’s move, Sohinder Gill, CEO, Hero Electric Vehicles and Director General, Society of
Manufacturers of Electric Vehicles (SMEV), says, “The announcements on EVs bring cheer to both consumers
and manufacturers. Provision of additional income tax deduction of up to Rs 1.5 lakh on purchase of EVs would
encourage customers to opt for EVs.” He adds that the next 12 months are crucial for EV growth in India, which
requires concerted approach both from manufacturers and government to lower the prices, deliver quality
products and educate consumers.
The GST council has already lowered the GST on EVs from 12 per cent to 5 per cent. The government also
announced customs duty exemption on lithium-ion cells, which will help lower the cost of lithium-ion batteries in
India, as they are not produced locally.
4. RISK WITH GETTING THE SUPPLIES :
◦ EV’S run on lithium ion batteries. With regard to lithium only four countries (Argentina, Australia, Chile and China)
combined generate nearly 80% of the global supply. Other key players in the lithium game are China and Zimbabwe.
So it is hard to import lithium because of either restriction by government or high import duties.
◦ Tesla has experienced unexpected supply shortages caused by multiple business partners many times, which has forced
the company to postpone the launch of some of its latest car models. Supply dependencies can therefore generate
direct and severe financial losses that automotive manufacturers have to be prepared for.
LACK OF INFRASTRUCTURE INVESTMENT :
◦ According to Morgan Stanley, an overall global $2.7 trillion infrastructure investment is needed in the near future to
make electric cars a lasting success over the next two decades.
◦ The areas of required investment are not only down to local (speedloader) car-charging points, but also include power
grid expansion and subsidies to guarantee nationwide green energy, grid stability and lower market prices for new car
purchases.
◦ Manufacturers also have to signiÕcantly improve battery performances and chemistry to increase electric car ranges,
massively enhance the batteries’ reuse and recycling as well as make new technologies more attractive for end users –
despite high productions costs.
◦ Presently, not a single country meets the much-needed capital expenditure to keep pace with its aggressive
electromobility targets – not even Norway, the global market leader. Any automotive company with ambitious targets
will be at risk without the necessary infrastructure at its disposal in the likely event that the gap in investment will not
be resolved.
5. Electric vehicles are not as green as you might think :
◦ First, many electric car components have little or no end-of-life recycling value. This is especially true for the
lithium-ion batteries. Second, only a small percentage of power grids providing electricity to charge one’s car
are “green” in terms of incorporating mostly a mix of renewable energies. Third, natural resources such as
nickel and cobalt generate high levels of air, soil and water pollution when being mined and smelted.
◦ This means that alternative fuel cars create pollution and carbon emissions in other ways by shifting them to
those countries where the production relevant minerals, metals and rare earths are extracted. This local mineral
extraction is mostly only made possible through high levels of traditional energy consumption (e.g. coal, etc.)
and the use of toxic chemicals.
◦ As media and civil society attention and scrutiny have massively increased in recent years with regard to the
global extractive and commodity trading industry as well as (potential) electric car buyers have become more
engaged through social media and are now better equipped to publicly “shame” a company than ever before,
the stakes for automotive manufacturers have been raised significantly.
6. Almost 90% of that growth will originate in developing and developed countries. India plans to sell only electric
cars by 2030 and in China, as much as 20% of the projected 35 million annual vehicle sales should be made up of
alternative fuel cars in 2025.
The Ministry of Heavy Industries is planning to approve a INR 20,000 - 23,000 cr. (USD 3.7bn – USD 4.25bn)
plan under the National Electric Vehicle Mission policy to promote EV mobility over the next 8 years. The
Government plans to invest around INR 12,250 - 13,850 cr. (USD 2.26bn –USD 2.56bn) and the rest will be
invested out by the industry.
GAIL has estimated that expanding the network to 298 cities by 2014 will require an investment of INR 37,170
cr. (USD 6.8bn) . This compares with an estimate of INR 8000-9000 cr. (USD 1.48bn – USD 1.67bn) being
required to be spent on R&D and country-wide infrastructure for EVs Charging.
NITI-Aayog is striving to curtail ICE 2-wheelers under 150cc by 2025 and 3-wheelers by 2023. Nearly 80 per
cent of all vehicles sold in India are 2- and 3-wheelers.
In her maiden budget, Finance Minister Nirmala Sitharaman has made switching to EVs a priority. She has
allocated Rs 10,000 crore to the Faster Adoption and Manufacturing of Electric Vehicles (FAME II) scheme.
7. The government also announced income tax rebates of up to Rs 1.5 lakh to customers on interest paid on loans to
buy EVs, with a total exemption beneèt of Rs 2.5 lakh over the entire loan period.
Provision of additional income tax deduction of up to Rs 1.5 lakh on purchase of EVs would encourage
customers to opt for EVs.” He adds that the next 12 months are crucial for EV growth in India, which requires
concerted approach both from manufacturers and government to lower the prices, deliver quality products and
educate consumers.
The GST council has already lowered the GST on EVs from 12 per cent to 5 per cent. The government also
announced customs duty exemption on lithium-ion cells, which will help lower the cost of lithium-ion batteries in
India, as they are not produced locally.
Panasonic is targeting to set up around one lakh charging stations for EVs across 25 top Indian cities by 2024. It
is planning to set up mini charging stations across cities like Delhi, Pune, Bengaluru, Chennai, Amaravati,
Hyderabad, Gurugram, Noida and Ghaziabad.
8. Panasonic is targeting to set up around one lakh charging stations for EVs across 25 top Indian cities by
2024. It is planning to set up mini charging stations across cities like Delhi, Pune, Bengaluru, Chennai,
Amaravati, Hyderabad, Gurugram, Noida and Ghaziabad.
In her maiden budget, Finance Minister Nirmala Sitharaman has made switching to EVs a priority. She has
allocated Rs 10,000 crore to the Faster Adoption and Manufacturing of Electric Vehicles (FAME II) scheme.
There are three infrastruture plans for EVS:
◦ Public Infrastructure Model – providing charging points in public parking spaces. This involves
reserving spots at which a charging point is provided for electric vehicles at public parking spaces. Since
only EVs are allowed to park at these spots, they are likely to act as an incentive to consumers in urban
cities where public parking is scarce, only if adequate 6.4 Infrastructure Service Models Electric Vehicles
in India: Challenges and Opportunities 49 spaces are reserved for EVs. This model would have to be
supported by local municipalities in partnership with infrastructure providers. It seeks to provide access to
charging for those consumers that lack home charging.
◦ Private Infrastructure Model – This is a preferable model in the early stages of EV adoption as it
responds to direct consumer demand. It involves installing charging points for EV adopters at their
residence or at private sites such as malls, office parking lots, privately managed parking lots, petrol
pumps etc. This ensures higher usage of charging points based on actual demand, as reflected by EV
purchases, thus providing a greater return on investment. Government mandated building codes can also
recommend installing a minimum of two to three electric vehicle charging points at parking lots in new
buildings.
9. There have been plans in the past to develop a network of charging stations in various areas of the country. In
2010, the Delhi Government announced that it would provide a network of charging stations in the city, but only
after several EVs were ready for launch in the country. This reflects one of the problems with EVs in general:
infrastructure developers are reluctant to invest in this area until there is a sizable population of EVs on the roads,
while vehicle manufacturers are unwilling to launch their models in India due to the lack of charging stations. A
catch 22 situations.
Some manufacturers have tried to address this issue by taking up the challenge of developing charging
infrastructure themselves. Electrotherm India Ltd., for instance, stated in 2010 that they would collaborate with
local garage owners within a radius of 3 kilometres of major cities like Delhi, Mumbai, Chennai, Bangalore and
Ahmedabad for installing charging stations. A similar plan was also articulated by Hero Electric, with the aim of
setting up 10,000 charging stations by the end of 2009-10 [66]. However, involvement of the Government
appears to be necessary, at least in the early stages, given the investment of approximately INR 2 lack (USD
3700) required for setting up a single charging station [67]. A welcome initiative in this regard is the plan of New
Delhi Municipal Corporation (NDMC) to set up 100 charging stations in Delhi in the near future.
10. The government approved amendments to model building bye-laws, 2016 and Urban
Regional Development Plans Formulations And Implementation Guidelines, 2014 to set up
charging stations for electric vehicles across the country.
With this, the government aims to move 25% of the transportation to electric vehicles by
2030.
The government permitted private charging at residence and offices. charging Stations will
be set every 25 km on both sides of highways and roads.
Charging facilities will also be available at bus depot and transport hubswithin three years.
11. It is required to license the brand as well as registring infrastruture and
buying copyrights and trademarks.
It is also required to patent the body of engine and it's parts and everything
from battries tpo car vehicle body.
12. EV production remains same as the other vehicles are produce. Other
vehicles uses line production tto manufacture such vehicles. This will be
useful to manufacture EV's too.
The Marketing will remains same as every outlet will do to launch their
vehicles. By various Advertisements on tv and radio, by newspapers and
celebrating the launch of the product and advertising on various social
platforms.
13. The key roadblock to EV market growth do not seem to be related to the value
chain, lack of charging infrastructure, policy, economics or environment related, but
rather Indian consumer perception. More specifically chassis design, range anxiety,
concerns about battery longevity, cabin capacity and high purchase costs are the key
factors considered when a vehicle purchase decisions are made. Further, it is
'competition' which triggers product innovation and the presents 'choice' to the
consumer.