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Why India will push further down the electric vehicle path in 2018 There are marked improvements in EV technology, including battery storage capacity, its cost economics, charging time and range anxiety.

Why India will push further down the electric vehicle path in 2018 There are marked improvements in EV technology, including battery storage capacity, its cost economics, charging time and range anxiety.

New Delhi: The era of the internal combustion engines (ICE) is coming to an end across the world. India, too, is gearing up for the change with road transport and highways minister Nitin Gadkari giving a deadline: 2030.

There are two big reasons for this - rising vehicular pollution and concerns around oil security. Today, 65-70% of the fuel produced by a barrel of crude oil is used for transportation. The US consumes 19 million barrels of oil each day; oil provides 92% of the energy that powers its cars, trucks, ships and aircraft. It is the same for India, the world's third largest oil importer.

It now imports over 80% of its crude oil needs, up from 37% in 1990. In 2017-18, India's oil import bill is likely to rise a third to touch $85-90 billion.

Many pull factors are at play, too. There are marked improvements in EV technology, including battery storage capacity, its cost economics, charging time and range anxiety. The cost of battery power has fallen from around $1,000 per kWh in 2010 to around $227 in 2016 and is expected to drop below $200 per kWh by 2020. By 2030 experts expect EVs to attain cost parity with ICE.

China will lead the global EV wave — its manufacturers accounted for 43% of all EVs sold in 2016. In India, too, the government is making the first move. In Nagpur, the municipal corporation, Ola and Mahindra & Mahindra are experimenting with an all-EV fleet with charging infrastructure.

Meanwhile, the first tender of 10,000 EVs was won by Tata Motors. The EV push will have dramatic implications for India's Motown. ICE-focused car companies and vendors will have to either reinvent or perish. On the other hand, a rash of established companies and startups, from M&M to Ather Energy and Chetan Maini-led Sun Mobility, will find new business opportunities.

WHY INDIA IS BETTING ON EV
Kill Fuel Bill:
 EV thrust and renewable energy like solar, with improved technology and viable pricing, will help India bring down its fuel import bill, which is expected to double from around $150 billion to $300 billion by 2030.

It's the New Flavour: World is caught in an EV wave with China, UK, France and others shunning ICE-based vehicles in favour of EVs Age of Disruption: A McKinsey study says 75% of global automotive experts think firms betting on new technologies — electrification, connected cars, autonomous driving and shared mobility — will disrupt Motown by 2030.

Pollution Worry: EVs have nil tailpipe emissions. A NITI Aayog report suggests that by betting on shared, connected and EV technologies, India could save 64% of energy demand for road transport and 37% of carbon emissions by 2030.

Last Updated ( Sunday, 07 January 2018 03:45 )

 

Delivery Drones Take Step Forward A federal advisory panel has agreed on a framework to track and identify commercial UAVs.

Delivery Drones Take Step Forward A federal advisory panel has agreed on a framework to track and identify commercial UAVs.

SHUTTERSTOCK

(TNS) — WASHINGTON — Deliveries by drones took a step closer to being allowed in the U.S. after a federal advisory panel agreed on a framework for allowing la...

Spring registration open for cyber security training

Information security analysts are crucial to an organization’s security. With an average salary of $90,000 a year, this sector of Information Technology has excellent pro...

The Coming Collision: Driverless Cars and Commercial Real Estate by rnrbivins Jamie Mahoney HOUSTON – (By Dale King, Realty News Report) – Driverless cars of the future are on a collision course with office buildings, warehouses and shopping centers. In

The Coming Collision: Driverless Cars and Commercial Real Estate by rnrbivins  Jamie Mahoney HOUSTON – (By Dale King, Realty News Report) – Driverless cars of the future are on a collision course with office buildings, warehouses and shopping centers. In

 

Jamie Mahoney

 

HOUSTON – (By Dale King, Realty News Report) – Driverless cars of the future are on a collision course with office buildings, warehouses and shop...

Drones battle for air supremacy above Japanese rice paddies China's DJI, Japan's Yamaha and others compete in accuracy, mobility and price

Drones battle for air supremacy above Japanese rice paddies China's DJI, Japan's Yamaha and others compete in accuracy, mobility and price


With drones like this one from Nileworks, Japanese rice farmers might be able to match California farmers, who can produce rice at 25% of the cost in Japan.

A heavy tank h...

Toyota to invest $13.3bn in electrified vehicle batteries by 2030 Automaker plans to phase out models with only combustion versions by 2025

Toyota to invest $13.3bn in electrified vehicle batteries by 2030 Automaker plans to phase out models with only combustion versions by 2025


Toyota plans to expand its lineup for both fuel cell vehicles such as the Mirai and electrified vehicles.

TOKYO -- Toyota Motor announced on Monday that it plans to invest...

Japan eyes startup visa program to lure foreign businesses One-year visas to be granted nationwide

Japan eyes startup visa program to lure foreign businesses One-year visas to be granted nationwide


Two French nationals, at right, used the startup visa program to launch a business in Fukuoka.

TOKYO -- Japan seeks to lure foreign entrepreneurs with one-year startup vis...

Tesla Unveils Electric Semi

Tesla Unveils Electric Semi
 

DETROIT (AP) — After more than a decade of making cars and SUVs — and, more recently, solar panels — Tesla Inc. wants to electrify a new type of vehicle: big trucks...

LyondellBasell’s Kim Foley Shares Her Insights as a Female Leader in the Downstream Industry

LyondellBasell’s Kim Foley Shares Her Insights as a Female Leader in the Downstream Industry

HOUSTON, Texas – Nov. 9, 2017 – Kim Foley, site manager for LyondellBasell’s Channelview, Texas, complex, recently presented at the 2017 Women’s Global Leadership Confere...


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