Future of Electric Vehicles in India
The electric vehicle market has witnessed great growth in the last few years in India. The technologies in electric vehicles continue to advance with innovations due to several factors like growing environmental consciousness and government initiatives. Read on to know more.
While transportation is a basic requirement for a fast-paced life today, regular petrol or diesel vehicles badly affect the air quality. Pollution is the key reason why petrol or diesel vehicles are being replaced by electric cars and two-wheelers. Electric automobiles promote eco-friendliness and make the planet free from harmful carbon emissions. Moreover, these vehicles have low maintenance costs and less need for repair than traditional ones. Many leading companies like TVS Motor present a range of electric vehicles, all focused on high performance. TVS Motor, under the guidance of managing director — Sudarshan Venu, is focused on offering high-performance TVS bikes. Let’s find out more about electric vehicles.
What are Electric Vehicles?
Also referred to as battery electric vehicles, electric two-wheelers have an electric motor rather than a combustion engine. They use a traction battery pack to power the motor of the vehicles. The charging of electric vehicles is convenient and cost-effective. However, the charging requirement depends on the size of the battery, the charging equipment, and the charging capacity of the battery. These vehicles help avoid the requirement of fuel and reduce carbon footprints. EVs have changed the automobile sector by replacing regular fuels with rechargeable batteries.
Future of Electric Vehicles
The Indian electric vehicles industry is growing day by day, giving manufacturers and buyers sufficient time to know the advanced technology and decide better. Seeing the advancement and demand of electric vehicles, many government and non-government organisations are supporting the acceptance of EVs. Also, India is a market with customers looking forward to buying affordable electric vehicles. But, due to imported batteries and other factors, electric vehicles are currently expensive in India.
Leading electrical vehicle manufacturers, the state government and many startups are working together to develop new technologies for more efficient vehicles. They are aimed at boosting the performance of EVs and cutting down the cost of electric vehicles in India. Being an automotive enthusiast, Sudarshan Venu (TVS Managing Director) focuses on smart mobility, electrification, and sustainable growth.
Role of Electric Vehicle Manufacturers
Well-established automobile companies like TVS Motor are contributing significantly to the growth and expansion of the electric vehicle segment in India. They present a wide range of affordable EVs with innovative features and technology advancements. The companies are addressing the issues and challenges in the electrical vehicle industry with their progressions in battery technology, software applications for management, and infrastructure solutions for battery charging facilities.
The Indian Government has implemented various initiatives to promote the use of electric vehicles in India. These vehicles are expected to support the growth of the electric vehicle market size in India in the coming years. With the rise in the local manufacturing of batteries and related parts, the price of EVs is expected to reduce gradually, making them more affordable for all.
Given consumer awareness, advancements in EV technology, subsidised prices, an increasing number of EV manufacturers, and the role of government in promoting a green environment, the future of electric vehicles is bright.