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DAILY NEWS ANALYSIS

  • 25 January, 2023

  • 5 Min Read

India's Electric Vehicle Roadmap for 2023

India's Electric Vehicle Roadmap for 2023

  • India's future for electric vehicles is bright because of ambitious government goals and technological breakthroughs.
  • With around 40 crore people in need of mobility solutions by the year 2030, India is currently the fifth-largest vehicle market in the world and has the potential to become one of the top three in the near future.

Electric vehicle roadmap:

  • With the government outlining a thorough plan to reach this goal, which includes many programs and laws to speed up the adoption of electric vehicles in the nation, India has set an ambitious aim to become a leader in the market for electric vehicles by 2030.
  • The Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) programme, which offers discounts to consumers who buy electric vehicles, is one of the major projects.
  • The extension of the FAME programme (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) to March 31, 2024 will help promote the use of electric vehicles.
  • The government is also taking action in this area to build up domestic manufacturing capacity for electric vehicles and their parts.

Need for Electric Vehicles:

India needs a revolution in transportation.

  • It is not feasible to continue on the current path of introducing increasingly more cars that use expensive imported gasoline and clog up already crowded cities that suffer from infrastructural constraints and severe air pollution.
  • A possible global solution for decarbonizing the transportation sector is the shift to electric mobility.
  • India's Assistance for EVs One of the few nations that supports the Global EV30@30 initiative, which seeks to have at least 30% of new vehicle sales be electric by 2030, is India.
  • At the COP26 in Glasgow, India committed to the same by supporting "Panchamrit," which consists of five aspects to combat climate change
  • Encouragement of electric transportation will lessen reliance on oil imports and release foreign exchange reserves.
  • Demand will be boosted in 2023 by a significant increase in the mass-market segment of private vehicles, especially in Tier II and III cities.
  • To boost manufacturing of EV parts and components in India to gain aatmanirbharta and create an innovative ecosystem.

Associated Challenges:

Battery Manufacturing:

  • It is predicted that India's total battery consumption by 2020–30 will be between 900–1100 GWh.
  • The lack of a battery manufacturing base in India, which forces a complete reliance on imports to fulfil expanding demand, is of concern.

Issues Concerning Consumers:

  • India was said to have only 650 charge stations in 2018, which is far fewer than its neighbours who have more than 5 million.
  • Because there aren't enough charging stations, consumers can't travel far.
  • In addition, using a private light-duty slow charger at the owner's house can take a vehicle up to 12 hours to fully charge.

Policy Obstacles:

  • The production of electric vehicles is a capital-intensive industry that requires long-term planning to break even and realise profits. Uncertainty about government regulations pertaining to EV production deters investment in the field.

Lack of Technology and Skilled Labor:

  • India lacks the technological capacity to produce the essential electronics—batteries, semiconductors, controllers, etc.—that are the foundation of the EV industry.
  • EV maintenance expenses are greater and need for more advanced abilities. India needs specific training programmes for acquiring these skills.

Lack of Materials for Domestic Production:

  • The battery is the most crucial element in EVs.
  • Lithium and cobalt, which are necessary for the manufacture of batteries, are not known to exist in reserves in India.

Programs to promote electric vehicles:

  • A government program called FAME I & II: Faster Adoption and Manufacturing of Hybrid and Electric Vehicles offers financial incentives for EV purchases and the construction of charging stations.
  • By 2030, at least 30% of the vehicles on Indian roadways are expected to be electric, according to the NEMMP (National Electric Mobility Mission Plan, which was introduced in 2020).
  • Public transportation: By offering financial aid to states for the purchase of electric buses, the government has also made efforts to encourage the use of electric cars in this area.

For instance, Delhi's E-buses

  • National Mission on Transformative Mobility and Storage: Government plans to promote strategies for revolutionary mobility and phased manufacturing programs for electric vehicles, electric vehicle components, and batteries.
  • Making sure there is last-mile connectivity: The government has also recognised last-mile mobility as a significant industry that will encourage the use of electric vehicles. For instance, deploying a fleet of more than 5,000 trucks in Chennai
  • Government promotion of electric vehicles: The government intends to replace current government vehicles with electric vehicles in an effort to encourage the usage of electric vehicles in the public sector.

Advantages of EVs:

  • Cost reduction: As technology advances and economies of scale grow, the price of EVs continues to come down.
  • Convenience: A lot of electric cars can be charged at home using a regular electrical outlet, so you won't need to go to a gas station.
  • Energy stability: EVs don't require as much imported oil because they are powered by indigenous electricity.
  • Environmental advantages: EVs produce no emissions and can greatly cut down on greenhouse gas emissions as well as air pollution.
  • Energy independence: By using more renewable energy sources to power EVs, dependence on fossil fuels may decline.

Conclusion:

  • R&D in EVs should be expanded since the Indian market needs support for homegrown technologies that are appropriate for the country from an economic and strategic perspective.
  • It makes sense to take use of nearby colleges and established industrial centres because funding for local R&D is essential for lowering pricing.
  • India should coordinate EV development with nations like the UK.
  • Overall, electric vehicles are a better, more economical, and more environmentally friendly option than conventional gasoline-powered ones. With the right infrastructure and regulations in place, they can also significantly improve energy independence while lowering air pollution and greenhouse gas emissions.

Source: The Indian Express


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