Electric Vehicle Revolution in India: A Slow but Steady Transformation

Like Slow and Steadily wins the race. Electric Vehicle Revolution in India is  has started slowly and steadily. This impacts in Automobile industry where in this serctor shares around 5 to 7 percent of the market share.

This sector also creates Skilled labours. which we are in short in India today  and by the end of 2030 we Indian need to trained the labours to adapt to  this sector without cutting the jobs and train them verbally about the technology..

The importing of the battery cells in future around 2030 , the cost of the cells will be reduced compared to now.

The present situation in EV, market is supplying chain of then components are bit hectic, because the availability of the parts of the vehicle is of minimum quantity as compared to the gas vehicles.

The government has invested around Rs. 10,000 Crore in PM-E drive plan for charging stations.

Also so many companies have started Battery-as-a-Service (BaaS). And have plan to replace battery also.

There is a tremendous opportunity for entrepreneurship in this sector where youth can start the EV ventures with the help of government policies which turn their small-scale enterprise to big scale enterprise.

This revolution is very vital from the perspective of transportation and clean energy. By increasing EV’s it can impact in reducing global warning also. It is a big step towards greener revolution.

Another aspect is that there is decrease in price of lithium ion batteries from The price has fallen from $150 per Kilowatt-hour to $55 per Kilowatt-hour.

The research is going on for alternative batteries like aluminium-ion, zinc-ion and sodium-ion.

Manufacturers that can produce more than 5000 units of batteries per month are commonly found in now a days. The demand from the e commerce  and transport are creating requirement to scale the sector easily.