Over the last decade or so, there has been a lot of talk regarding electric cars taking over the market completely at some point. The last couple of years have certainly proved why such opinions were doing the rounds, as many companies have rolled out new models of electric cars, and we may be on the verge of witnessing a boom in the coming years.
While the western world has already welcomed the change and the prevalence of electric cars is not hidden from anyone in that part of the world, India is still thinking about the potential of this technology. However, the new government has been willing to take the “National Electric Mobility Mission Plan (NEMMP) 2020” forward, after the congress-led government unveiled the same in 2013.
The country seems to be ready to welcome the initiative, as the calls for making electric public transport and cars are heard quite often. Many industry experts have voiced their support to consider a full-fledged introduction of electric cars for the Indian buyers. On the other hand, the buyers are also keen to get electric cars with a low operating cost.
It is no secret that the electric cars are almost 70 per cent cheaper from fuel and maintenance perspective, a factor that is widely considered by the Indian buyers. Apart from this, the EVs have lesser moving components, making it a low maintenance affair. Such a technology also comes with great performance and drivability. There are some concerns though about making electric cars common in India, including the issue of charging infrastructure, battery performance, supply-demand gap, etc.
At this juncture, the focus should be on building the required infrastructure and increasing battery performance, before going ahead with a full-scale implementation. Charging infrastructure is a challenge that could only be overhauled through a complete shift in focus. It may take a lot of time, but durability of the batteries could be the key to ensure a seamless transition until the infrastructure is established.
The supply-demand gap may be a major challenge that could potentially prevent quick adoption of the Electric vehicles. The need of the hour would be to create an eco-system that opens the doors of suppliers and manufacturers. The biggest step in this direction could be the introduction of reforms and financial ease. The cost of manufacturing and supply chain will need to be streamlined through significant advancements in the transportation network while ensuring the availability of raw material all the time.