Page 26 - MMI_-- JulyAug2021 (single)

Yet, when we are faced with ai161289472517_CGTech-FORCE-Ad-IN-PRINT.pdf 1 2/9/2021 10:18:46 AM
these challenges, we need to look
for unconventional approach-
es; we look towards alternate
methods like battery swapping
or more mobile charging for
example. To leapfrog technology
to explore beyond the conven-
tional charging infrastructure Source: Hexagon Manufacturing Intelligence, India
is the key here.
Of course, we cannot talk of
EVs without considering that
the move towards renewable
energy is another crucial piece
of the puzzle. The source of en- es, and 80 percent for two- and become the top priority for most
ergy should not be, as it is now, three- wheelers by 2030. consumers, this is actually pos-
from a non-renewable source. More crucially, these targets, if itive. It could mean that people
As more The good news, from India's achieved, could see a reduction are starting to see EVs as a real-
EVs find policy point of view, is that of 14 exajoules of energy and 846 istic option and are considering
their way
onto our there is a lot of push for this, million tonne of CO emissions the practicalities of ownership.
2
roads, especially the solar energy. over the lifetime of the vehicle. In its report, Deloitte expects
personal Potentially, EVs sold from now to see some of the biggest bar- C
recommen- Undimmed potential till 2030 could save 474 million riers to EVs completely re- M
dations and Even with these issues, the light tonne of oil worth $207.33 billion moved in the near future. Its
experi- Y
ences will for EVs is undimmed. Globally, over its lifetime. report finds that EVs’ driving CM
soon over- EV sales have risen year-on- range is already comparable to
come the year, seeing a slight dip largely Shift in consumer that of ICE vehicles and price MY
concerns. due to the ongoing pandemic. behavior has already reached parity, tak-
Friends and Rapid urbanization, consumer Moreover, consumer behaviors ing into consideration the sub- CY
families as CMY
well as the demand, commitments by na- are changing quickly. The con- sidies in various markets and
expected tions for net zero emissions and sumer demand has certainly the total cost of ownership, and K
rise of an undeniably strong push to- increased. The younger genera- the number of models available
commer- wards environmental sustain- tion is increasingly demanding is increasing.
cial EVs, ability are indeed the driving for more sustainable solutions As more EVs find their way
especially
in India, factors for EVs. to transportation, and if their onto our roads, personal rec-
will further In India, think-tanks like the NITI concerns are addressed, there is ommendations and experi-
reassure Aayog have pegged EV sales pen- little to stop them from embrac- ences will soon overcome the
consumers etration in India at 70 percent for ing EVs. Their growing aware- concerns. Friends and families
to make commercial cars, 30 percent for ness about climate change and as well as the expected rise of
the switch.
private cars, 40 percent for bus- the need for sustainability have commercial EVs, especially
been driving a spurt in the de- in India, will further reassure
mand for EVs. Deloitte, in consumers to make the switch.
its report on EV vehicle Ultimately, only when the puz-
trends, noted that from zle pieces are in place are we able
2018 to 2020, there to see the full picture. The push
were some notice- towards EVs cannot be done
able changes in in silos. The ecosystem for EVs
Source: Hexagon Manufacturing Intelligence, India concern. While the lack of renewable energy to range con-
consumer attitudes
needs to encompass everything
from charging infrastructure to
toward EVs.
Concerns over the
cerns to cost. Only in this way,
cost/price premium
have diminished as
true transformation and the
electrification of vehicles can be
fewer consumers now
achieved and become the new
cite driving range as a
normal for the future of trans-

26 | July-August 2021 charging infrastructure has portation and mobility.
Modern Manufacturing India