Electric vehicles sales & charging stations need in India
The governments are taking many initiatives to bring in the development of electric vehicle all over the world. Under the government’s energy and climate policies, the total number of electric cars, buses, vans and trucks is expected to rise to 145 million, or 7% of road transportation by the end of the decade. By 2030 there will be up to 230 million electric vehicles on the streets, of all the road transport by 12%. Let us know more in detail about Electric vehicles sales and charging stations.
If we look at the overall car sales across the world the electric car registrations were up to 41% in 2020 which is a 16% drop in overall car sales in the world.
Electric vehicles sales & charging stations
According to Bloomberg reports, the sales of zero-emission cars (electric vehicles) rising from 4% of the market in 2020 to 70% by 2040. By 2040 the zero-emission buses including two and three-wheelers sales will rise to 83%. The light commercial vehicles are expected to grow from 1% today to 60% of their market over the same time period and medium and heavy commercial vehicles to just over 30%, from almost zero now.
Europe and China took over the global electric car market last year. There were recorded 3 million, registrations in Europe whereas China witnessed an increase to 1.2 million. The government’s encouragement to the move by investing $14 billion on direct purchase incentives and 25% tax deductions is continued help to the consumers and the manufacturers. China postponed the end of its New Energy Vehicle (NEV) subsidy scheme to 2022, to safeguard EV sales from the economic downturn.
EV sales penetration
According to Rocky Mountain Institute and NITI Aayog report, EV sales penetration of 70% for commercial cars, 30% for private cars, 40% for buses, and 80% for 2 and 3 wheelers by 2030 could be attainable.
The Indian government initiated FAME I in n April 2015, , there were few EV models available in India.The years since have seen the launch of a variety of new EV models, in all vehicle segments, for the Indian market. The 2018 Auto Expo in Delhi alone saw over 50 new electric vehicles being showcased by OEMs such as Tata, Mahindra, Hero Electric, Maruti Suzuki and several other new players.
The FAME I provided support for the development of charging infrastructure, the adoption of EVs has faced the challenge of limited charging infrastructure availability.
The second phase of FAME, the central and state governments have bolstered support for the development of charging infrastructure throughout the country that is expected to enable easier adoption of EVs. FAME II puts emphasis on moving people rather than vehicles through clean means of transport and prioritizes public and shared transport.
The potential energy and CO2 savings over sold vehicle’s lifetime will be as below:
- Electric vehicles sold until 2030 can cumulatively save 474 million tonnes of oil equivalent over their lifetime, worth INR 1521 thousand crores.
- That will save net reduction of Exajoules of energy and 846 million tonnes of CO2 emissions over the deployed vehicles lifetime.
- Electric buses deployed through 2030 would account for 334 billion vehicle kilometers travelled over their lifetime.
The Central and state and city level governments have to play a mjor role in the electric mobility transition. With FAME II scheme government must also focus on some of this actions:
- Ensure deployment of high-quality advanced batteries
- Use incentives as a tool for directing or promoting industry
- Competitively allocate incentives to ensure most efficient use of funds
- Ensure finance availability, particularly for commercial EVs
- Launch information, education, and communication (IEC) on electric vehicles
- Provide fiscal and non-fiscal incentives for phased manufacturing for electric vehicles and batteries
- Focus on creation of Phased Manufacturing Plan
400,000 charging stations to meet the requirement for 2 million EV
Charging an electric vehicle is the most important thing, it is as similar as fueling an ICE vehicle. Charging station or charging infrastructure is one of the hurdles in the adoption of electric vehicles. India needs about 400,000 charging stations to meet the requirement for two million electric vehicles that could potentially ply on its roads by 2026.
The Grant Thornton Bharat-Ficci report said for India to reach its vision of 100 per cent EVs by 2030. As per EV industry body, the Society of Manufacturers of Electric Vehicles-there are 1,800 charging stations in India as of March 2021 for approximately 16,200 electric cars, including the fleet segment.
“The global sales of EVs in 2020 increased by 39 per cent year to year to 3.1 million units, whereas the total passenger car market declined 14 per cent.” “Overall, EV infrastructure is tightly linked with EV and charging station characteristics, battery technologies, and power markets,” the report said.
The participation of discoms in the deployment of Electric Vehicle Supply Equipment (EVSE) and categorization of EV charging infrastructure as a corporate social responsibility, with more than half the stakeholders as part of a survey.
“Global manufacturers have spent millions improving the availability and efficacy of EV chargers, and as a result the fastest ones today take no more than 15 minutes to recharge a vehicle.” “Global sales of EVs grew by 39 percent to 3.1 million units in 2020, while the overall passenger car market declined by 14 percent.”
Saket Mehra, Partner, Grant Thornton, said, “The year 2020 has presented a huge responsibility and opportunity to electrify and fast-track the development of Electric Vehicles (EVs) by harnessing globally available strengths through a collaborative and integrated effort. presented.”
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