Electric Vehicle Future of Automobile Industry

by admin | @tech_ruled | June 5, 2022 9:16 am

Electric Vehicles are the future of transport. In India, electric vehicles are expected to reach 1 million units on road by 2025. There are many reasons why India is well placed to become the first country in Asia to embrace electric vehicles.

Electric Vehicle (EVs): A Brief History

First Electric Carriage Source : Carlassic

The first electric vehicle was invented by Baron Karl von Drais in 1785. He named his invention “Draisine”. After that, both American inventor Zénobe Gramme and German engineer Nikolaus August Otto built upon the work of Draisine and improved the design of the vehicle.

Otto started selling his vehicle in 1877 named “Motor Carriage”. By 1898, he had sold about 10,000 motor cars in Germany and other European countries. His customers were mainly industrialists who worked in factories and commercial businesses.

In France, Émile Levassor developed a gasoline engine car in 1897 and called it the “Levassor-Pilote”. Two years later, he began marketing his car in the United States under the name “Traction Automobile”.

However, it was Henry Ford who mass produced the affordable automobile in 1908. This model was known as the Model T and its production lasted from 1908 until 1927. All the parts needed to assemble a car were produced in house thereby reducing costs. As a result, Ford became able to sell cars at a price that only rich people couldn’t afford.

Government incentives to promote electric vehicles.

The Indian government offers attractive tax benefits to buyers who purchase electric cars. This helps them gain confidence in buying these cars.

The industry body said after multiple requests to the government, the FAME-II scheme was amended to offer more subsidies. The government has increased the incentive for electric 2-wheelers to Rs 15,000 per kwh from Rs 10,000. The cap on incentive has been increased to 40 percent of the vehicle cost from 20 percent.

Charging infrastructure for EVs

There are over 10,000 charging stations across the country. Most of these are privately owned. As the number of electric vehicles increases, the number of charging stations should increase too.

Automobile Companies offering affordable Electric Vehicles

The government aims to go fully electric by 2030, several brands have come up in the electric vehicle market in India. Their aim is to make Electric Vehicles more affordable and perfect alternatives to traditional ICE vehicles. These EV brands include TATA Motors and Mahindra Electric, which are Indian brands , as well as newcomers such as OLA Electric, Ather Energy and Okinawa. Brands such as Maruti Suzuki and Honda are also expected to join soon. Until then, here’s a quick look at some of the top electric vehicle companies excelling across 2 wheeler and 4 wheeler segments in India right now:

Electric Vehicles (EV) are becoming increasingly popular due to their environmental friendliness, low operating cost and ease of maintenance. They have been around for quite some time now but they still face many challenges. However, these challenges are being overcome at a rapid pace. In this video we look at how EVs can make our lives easier and what impact they could have on the future of automobiles.