The world is becoming sensitive towards climate change and adapting technologies and solutions that can accelerate resolutions to avoid further disruption to climate. Needless to say, the electric vehicle is one such solution. Around 57% of all global passenger vehicle sales and over 30% of the passenger vehicle fleet will be electric by 2040, according to the Bloomberg New Energy Finance (BNEF). The BNEF Electric Vehicle Outlook 2019 expects annual passenger EV sales to rise to 10 million in 2025, 28 million in 2030, and 56 million by 2040.
But for India, vision is already set for 2030 with maximum dependency on electric vehicles, especially for public transportation where the government in transformation at high speed. India is highly adaptive to new technology, and when it is about EV adoption, we can understand with current launches of electric vehicles how it is streaming up more. The government recently shared its view to have that in the next three years, one can experience the EV charging station every 3 km. As a recent report suggested, India has the potential to become the largest electric vehicle (EV) market in the world, according to a report published by the World Economic Forum in collaboration with Ola Electric institute. But being hungry doesn’t solve the food problem. Having electric vehicles also means to have charging stations and infrastructure that can meet the growing demand. The best thing about EV charging is that it can be done at home as well. And the future will see the maximum dependency on AC chargers only, which can be done at both commercial and residential places. So the coming time is gearing up to have more electrification of electric vehicle and strengthen up then the ecosystem of EV charging.
Currently, EV is the trend in India, with the automobile industry becoming absorbed about electric vehicles. But the priority is not to only provide but adapt. The big question is why should customers consider electric vehicle as their priority means of transportation? This can only be channelized when we have a perfect balance of electric vehicles and charging infrastructure that convinces the people that there are less or no hurdles in driving a vehicle, which reduces the carbon emission. This year there were multiple launches of electric cars in Auto Expo 2020. To some extent, it wouldn’t be wrong to say that the theme of Auto Expo was going electric with major automobile brands showcasing how they will contribute to the EV infrastructure.
And subsequently, the government and companies are doing their part in making the path of EV established with strengthening the infrastructure. With GOI’s vision to have an EV charging station every 3 km in the next 3 years, it can be perceived that everyone is playing their role in making EV a future of tomorrow’s automobile sector. The government is setting a platform with various measures that will benefit the EV ecosystem, like reducing GST on EV Chargers from 18% to 5%.
The growth for the more electric vehicle on roads can only be done with a stable atmosphere that requires encouragement for sustainability by prioritizing the growth of the EV ecosystem. This can be done by creating a well-connected charging infrastructure on the Pan-India level.
But the market needs a lot more in terms of infrastructure and value. For example, an acute shortage of Cobalt, which is the major raw material for lithium-ion batteries, can become a significant concern for the adoption of EV. But we are confident that the automotive industry is resilient enough to come up with alternate materials for manufacturing EV batteries.
Apart from fiscal benefit, the government should introduce non-fiscal incentives that can convince customers to explore electric cars as their first choice. Like waving off Road-tax and RC for EV vehicles can be a high turning point for people to consider electric vehicles as a prime option. Also, small initiatives like free parking in the malls, special zones with only EV vehicles like Connaught Place in Delhi, which will also reduce the carbon emission, can be a great contributor.
Once the path has been smoothened, the EV sector can witness its next adaptation, which is about vehicle-grid technology that will also revolutionize the electricity infrastructure. Imagine having a car that not only solves the transportation problem but also can be utilized to provide electricity to the home. That is the solution future is holding for EV infrastructure.
As a leading player, we are uniquely positioned to offer complete end-to-end solutions with both on-board and off-board chargers. Our energy-efficient, compact, and extremely robust solutions for onboard chargers (DC-DC Converters & Powertrain) give us a distinctive advantage because of our global expertise. We have been consistent in developing technologies and solutions that strengthen the EV charging infrastructure and showcase our support in partnering with GOI’s
We have been partnering with leading OEMs and automobile brands to provide our EV Charging solutions and have already installed more than 700 chargers. We have both AC and DC chargers to ensure that the market has end-to-end solutions from our energy-efficient products that will enhance the growth of EV in India.
But like discussed earlier, the major challenge is not just supplying but also to provide the knowledge in implementing smooth execution. Taking the same faith ahead, we recently launched the E-Mobility Tech Experience Center conceptualized to provide an industry platform that will support all types of ratings and configurations and be an enabler when it comes to an understanding of the ecosystem of EV charging solutions. The aim is to encourage more and more partners and associates to familiarize themselves with the technology which is being initiated by providing knowledge and practical experience with a different type of charging solutions for all kinds of electric vehicles under one roof. We have various range of energy-efficient AC & DC EV chargers such as GB/T, CCS, ChadeMO along with OCA certified Testing Tools, Charging Process Simulators, Load Simulators, and Charge Point Operator software platform. That will help the future to be more precise with perfect knowledge of the process.
Being a green company with a vision to power green India for us EV Charging is one of the key businesses which rightly projects our vision to provide clean energy. Thus our R&D lab is continuously working to ensure that we have the technology with us that can always support the EV charging ecosystem and reduce the hurdles in achieving it.
Industry Statistics (Source : Media Reports)
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