The EV industry in India is on the edge of transformation, driven by the support of a global wide push towards sustainable and eco-friendly mobility solutions. while the major benefits of EV adoption are vast, To Achieve its revolution it has to face some challenges and roadblocks in Indian Market
Infrastructure Hurdles:
While acquiring electric mobility is gaining momentum, affordability remains a vital concern. The initial cost of electric vehicles is still higher compared with conventional vehicles due to the battery technology and limited economies of scale. Also, the availability of charging infrastructure in remote villages and the time required for providing charging stations can present be challenges to the potential buyers
The initial cost of electric vehicles are especially high when compared to normal traditional vehicles. This makes it a financial barrier towards the customers scenario despite the long-term cost savings with the EVs. Government incentives and subsidies are aimed to reduce this barrier and encourage the customers to adopt EVs in their day to day life
Limited Model Varieties:
The variation in the electric vehicle models are very less compared to conventional ice engine vehicles. Due to this lack of new models customers don’t have that much choice to adopt EVs and this makes adoption of EVs slow pace. To eradicate this situation there should more new types of ev models should be manufactured in order to push the customers in adopting electric vehicles
The technology that are adapted in creating batteries is growing rapidly but there are some key issues like raw materials which are used in batteries are very scarce and also the range of batteries for a single charge is very less and also recycling EV batteries should have to be implemented in order to reduce the environmental impact. Research and development have to be done thoroughly to reduce these drawbacks in battery technology and make the EVs more affordable for the consumers
Policy and Regulatory Framework:
The Indian EV market faces certain regulatory and policy issues. The lack of a clear and comprehensive regulatory framework, inconsistent incentives and subsidies across states, and the need for robust charging infrastructure are areas that need to be addressed quickly. Initiative policies and establishing secure guidelines will provide a good environment for the growth of electric mobility in the country.
Consumer Awareness:
Many consumers in India still don’t know about the benefits and feasibility of electric vehicles. Range anxiety, concerns about charging infrastructure, and these main limitations of electric vehicles are common issues which are making it a barrier for widespread adoption of EVs. Educating the people and bringing awareness about the long term benefits and eco-friendly nature will make people to encourage adoption of EVs
Supply Chain Issues:
The supply chain management for EV industry has been a hurdle because we largely depends on the components and raw materials coming from other countries and this leads to delays in manufacturing of EVs and increased costs. In order to overcome this issue we should develop local supply chain management will helps in reducing the dependency of other countries and it also contribute to the overall growth of the EV industry in India