Written by Ashutosh Verma, Founder of Exalta
During the COP26 meeting, Narendra Modi, the Prime Minister of India, promised to cut India’s carbon emissions by 45 percent by 2030 and get to net zero by 2070.
This suggests that increasing the use of electric vehicles is the only way forward. EVs can play crucial roles in the economy, such as plugging gaps in the public transit network and energizing last-mile connectivity, in addition to being a sustainable mobility alternative.
Mobility is essential to the economic prosperity of a nation. Rapid urbanization and a growing population have raised the demand for mobility and travel, hence increasing the demand for automobiles.
However, the increasing number of automobiles has an effect on air quality, contributes to traffic congestion, and increases the nation’s dependency on imported crude oil. Major natural disasters are currently afflicting the planet, with global warming being the key issue.
Clean mobility might be a game changer, given that automobile pollution is the major driver of global warming. Electric cars are the way of the future, and e-bikes will be the most popular way to get around. This will lead to a gradual drop in pollution from cars.
Reasons for EV Adoption in Transportation
In a country like India, where the population is expanding at an alarming rate, mobility gaps are developing at a frightening rate. Unfortunately, the public transportation system falls short of fulfilling the rising demand for mobility.
As the gap continues to expand, an increasing number of individuals rely on private automobiles as their major source of transportation. EVs give an intelligent answer to mobility problems without contributing to air pollution or traffic congestion.
By adding electric vehicles (EVs) like e-buses, e-rickshaws, and e-bikes to public and private transportation, India can fill mobility gaps and make it easier for people to use shared transportation
There is little doubt that gasoline and diesel vehicles contribute to air pollution, but their impact extends beyond exhaust emissions. Getting oil out of the ground, turning it into gasoline, moving it to gas stations, and making ICE vehicles all contribute a lot to air pollution.
With India facing aggressive carbon emission reduction goals, there is a determined and deliberate shift toward cleaner mobility alternatives. As more people learn about climate change and what it might mean, cities and car companies in India are pushing for more people to use electric vehicles.
How to commence EV Adoption diverse suitability
EVs can play a pivotal role in the development of a sustainable mobility solution by electrifying public transportation, complementing last-mile connectivity, and addressing private mobility issues.
Electric buses and taxis can help bridge gaps in public transit, while electric two-wheelers can extend the distribution network to the final mile. Also, new ways to get around, like e-bikes, can work well both on the way to work and off the beaten path.
Improved EV Argument
Ultimately, the economic viability of EVs in India will determine their success. EVs may have higher acquisition prices than ICE vehicles, but their operating and maintenance costs are significantly cheaper.
With continuing advancements in the total cost of ownership, EV range, and price competitiveness with internal combustion engine (ICE) vehicles, the next wave of EV adoption is anticipated to occur shortly. Innovative business models like leasing and renting batteries, swapping batteries, and having charging stations everywhere are making EVs more appealing.
India is primed for widespread EV adoption due to rising affluence, urbanization, mobility gaps, and environmental awareness. As India starts to use more electric vehicles (EVs), the government’s support, a collaboration between ecosystem entities, and the creation of new business models are likely to be key.
EV adoption serves the value-conscious Indian consumer, the climate-conscious industry and government agencies, and disruptive ecosystem companies seeking to capitalize on innovation to challenge vehicle incumbents.
In the end, if EVs are used by a lot of people, it will help India close its mobility gaps and move toward a more sustainable transportation future.
Ashutosh Verma is founder of Exalta, a Noida-based manufacturing company, pioneering in the field of solar & clean energy-based products.
