The Future Of Electric Vehicle: India Might Soon Replace Its Petrol And Diesel Vehicles With EVs

DELHI, India - March 19, 2022 - PRLog -- India might soon see quieter roads and cleaner air as the government aims for 100% electric mobility by 2030. The soaring price of petrol and growing concern for the climate crisis increased the demand for electric vehicles in India and the government wants to prepare itself for a greener future. Several big automotive manufacturers and start-ups such as Arther energy, Ola electric, and STROM Motors are building their presence in the EV market.

Ola set up its 'future factory' in Tamil Nadu for ₹2,400 crores which is spread over 500-acre. With Over 3000 AI-driven robots, the factory has the capacity to produce 10 million scooters annually. The automotive giant Tata has already built its presence as a growing four-wheeler EV manufacturer in the country. With two EVs in the market and a few inline, Tata's EVs are already running on India's streets with pride.

India As A Leading Producer & Consumer Of Evs

Currently, India is the fifth-largest automotive industry with over 3 million new car units registered in 2021. The Indian automotive industry is set to be the third-largest market by 2030, and the government is trying to make a swift transition to EVs from fossil fuels.

The four big ministries - Ministry of Power, Ministry of Petroleum and Natural Gas, Minister for Road Transport & Highways, and Ministry of Environment are planning to make India a leading market and exporter of electric vehicles within a decade. By 2030, India aims for 30% EV sales penetration for private cars, 70% for commercial vehicles, 40% for buses and 80% for two- and three-wheelers. Last year at the first edition of the Ananthkumar memorial, Union Minister Nitin Gadkari said India's automobile industry's turnover was ₹7.5 lakh crore, which could be more than 15 lakh crore within the next five years.

In 2016, then power minister Piyush Goyal at an event said "India could become the first country of its size to run 100 percent electric vehicles."

The Challenges For EVs

Despite the government pushing EVs, there are still speed bumps for electric vehicles in India. The lack of infrastructure, higher cost for owning an EV, range anxiety, and limited charging points are a few major issues with the EVs.

Government Initiative To Push Environment-Friendly Vehicles

The Indian government has introduced several schemes to promote EVs and hopes for a positive outcome. Union Minister Nitin Gadkari said that India's automobile industry's turnover might reach 15 lakh crore in the next five years.

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