World EV Day: At this turning point, the key question of whether an EV is indeed “green” is pertinent because India’s grid power relies on power stations that use coal as a source of energy.
Since 2015, the central government and numerous state governments in India have issued new laws to encourage the widespread use of electric vehicles (EVs). Sales of electric vehicles (EVs) have been on the rise, so it seems like these efforts are paying off.
It makes sense for a country the size of India to try to make the switch to electric vehicles. However, reliable charging infrastructure is essential for a smooth transition to EVs, and India is currently struggling in this regard. To encourage more people to purchase EVs and boost confidence among shoppers, it will be required to install a wide reach of EV charging stations.
Long-time drivers of diesel or gasoline vehicles will always weigh the convenience of nearby gas stations against the availability of public charging stations when considering making the switch to electric vehicles. The Federation of Automobile Dealers Associations (FADA) reports that EV sales grew 155% year over year in FY22, indicating rapid growth in the EV market between FY20 and FY22.
There are 50,000 electric four-wheelers on the street, but only 1,800 public charging facilities as of the last count.
The charging market for EVs in India
According to a recent forecast by the ICRA, a rating agency supported by Moody’s, electric two-wheelers will make up about 13%-15% of new vehicle sales by FY25, with electric three-wheelers & e-buses seeing even bigger shares of the market at over 30% and 8%- 10%, respectively.
By 2030, the government of India plans to have 70% of all commercial vehicles, 30% of private automobiles, 40% of buses, and 80% of sales of two-wheelers and three-wheelers be electric. To accomplish such an aggressive goal, charging stations would have to be deployed simultaneously across the entire country of India.
According to ICRA’s research, the development of charging stations, which is still in its infancy, is crucial to the spread of EVs. With a good EV penetration, India is expected to construct 48,000 additional electric car chargers over the next 3–4 years at an investment of roughly 14,000 crores.
The Prospects for India’s Charging Market for Electric Vehicles
As the number of electric vehicles (EVs) on the road rises and the number of government programmes designed to facilitate EV charging expands, the EV Charging Infrastructure Market in India is expected to produce significant earnings. The electric vehicle market has the potential to contribute $6. 4 Billion over the next five years if favourable laws are implemented, a local supply chain is established, battery costs are reduced, and charging infrastructure is widely implemented.
By 2025, over 4 million e-rickshaws, e-autos, and e-two-wheelers would have been sold in India.
Heavy hand from the government
The implementation of charging infrastructure has been the subject of extensive and consistent governmental interventions at the federal and state levels in recent years. Considering electric vehicle charging as a “service” was the first and most important step. Anybody may install and run a charging station for electric vehicles.
Schemes like FAME1 and FAME2 from the Indian government put a strong emphasis on building out the country’s charging network and are aimed at bolstering the electric vehicle industry. Players in the industry have been very supportive and interested in the EV Charging ecosystem as a whole, which is quite exciting. While major original equipment manufacturers work on electric vehicles, an environment for the creation of chargers, charging points, and other services is expanding.
Charging stations for electric vehicles that run on biogas
Firms are consistently working to increase the EV’s battery capacity. At the same time, the widespread installation of quick charging stations for electric vehicles presents a promising market niche. These charging stations are often connected to the public power grid. Coal-fired power plants provide the bulk of India’s grid electricity. The question of whether the EV is truly ‘green’ is crucial at this juncture.
Read more: The all-new, all-electric Mahindra XUV400 SUV will be available in January 2023. It has a range of 456 kilometres.
If the Indian government is successful in its effort to provide renewable energy to charging points, electric vehicles in the country may soon have the choice to operate without emitting any carbon dioxide. Bio methanation is one approach, in which organic waste is used to produce renewable fuel in the type of biogas. The Sustainable Alternative to Today’s Expensive Transportation (SATAT) Initiative supports the widespread purification and conversion of biogas into bio-compressed natural gas (bio-CNG) for use as an automotive fuel.
Currently, the greatest functioning example of a power outlet for electric vehicles which uses biogas produced by a nearby biomethane plant is located in Haji Ali, Mumbai. At this Haji Ali charging station for electric vehicles, diesel and gasoline have been swapped out for biogas. This clean energy is fed into the EV charging station so that it may be used to power automobiles.
Stations that charge electric vehicles that don’t pollute the environment are the wave of the future.
The transportation sector is undergoing a radical change as environmentally friendly electric motors gradually replace traditional internal combustion engines. Unless the electricity used to operate these hybrid cars is also generated in an eco-friendly technique, this goal will not be green.
Although significant progress has been made in the electric vehicle (EV) industry, accelerating the adoption of EVs and the shift to green mobility will require active cooperation between governments, businesses, and other parties. Now that the groundwork has been laid, it must be expanded upon to propel India toward its goal of achieving a net zero carbon footprint & making a constructive contribution to the cause of climate change worldwide.
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