Is India’s automobile industry ready to make the switch to electric vehicles?

India’s fuel cell electric vehicle (FCEV) manufacturing has begun, with many automakers producing electric vehicles at a quick pace. India is one of a few countries that want electric vehicles to account for roughly 30% of all new car sales by 2030.

In March, Nitin Gadkari, Transport Minister, a proponent of alternative fuels, drove to Parliament in a hydrogen-powered Toyota car to declare that he would utilize it as a test project.

“I’ve advocated for a green fuel transition, and quick advancements in green fuel technology will lower the cost of the electric vehicles, bringing them on a level with gasoline-powered vehicles in a short period,” Gadkari said. According to the NITI Aayog, which is a public policy think tank in India, by 2030, EVs would account for 80% of 2- and 3-wheelers, 40% of buses, and 30% to 70% of vehicles in India.

Is India on track to meet its green goals?

India vowed during the COP26 meeting to reach net-zero emissions by 2070 and to reduce its emissions intensity by 45 percent from 2005 levels by the year 2030. EVs could aid in the achievement of these objectives and play a key part in India’s green transformation.

“The current trajectory of cramming already overcrowded cities with infrastructural bottlenecks and high air pollution with ever more vehicles running on costly imported petroleum is unsustainable. The cities of India will suffocate,” Nath Pandey, the Heavy Industries Minister, remarked during a recent meeting.

“Improved walkability, public transportation, trains, roads, and better autos are all part of a transportation revolution. Many of these improved vehicles would most likely be electric “he stated.

In India, the transportation industry consumes 18% of total energy, equating to 94 MTOE (million tons of oil-equivalent) energy. According to the Bureau of Energy Efficiency, if present consumption trends continue, India will need a projected 200 MTOE of energy supply year by 2030 to meet demand.

Electric’s Future Challenges

EVs are more efficient than traditional internal combustion engines and generate no tailpipe emissions, decreasing pollution while releasing water vapor and warm air. They are powered by hydrogen and are one of the finest clean energy solutions in vehicles.

According to some industry analysts, India may save more than €13.5 billion ($14 billion) per year on crude oil imports. The rapid uptake of 2- and 3-wheeler electric vehicles is projected to pave the way for this change.

High pricing, insufficient infrastructure, and a shortage of high-performance EVs are all obstacles to India’s path to a fully electric ecosystem. According to industry experts, India’s shift to electric transportation will necessitate the rollout of public chargers, which are estimated to be 2.9 million to accommodate the country’s 102 million electric vehicles.

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