“Electric Vehicles: A Gradual Revolution in Road Transport”

Electric Vehicles are being touted as the solution to decarbonization of road transport. Although its a good move, but I feel they are unnecessarily being blamed for a little contribution to the massive global GHG emissions by other sources like power generation, industries etc. which comprise a lions share in the emissions. With the current trend of EV sales and the forecast for future by different consultants and research agencies, the future seems quite optimistic and by 2050, passenger EV cars will form a sizeable chunk of the global fleet. Along with this optimism, there are many hurdles to overcome - supply chain risks facing the battery value chain, lifting of subsidies making the EVs comparatively unaffordable to their ICE counterparts, battery safety, lack of growth of charging infrastructure, range anxiety etc. EVs are certainly the future of mobility in passenger cars, buses and two and three wheelers but the heavy trucks and commercial vehicles may take time to switch to the electric route. Global Oil demand will get impacted due to the proliferation of EVs and the oil producing companies may have to make strategic shift to their business models to stay afloat. The legacy automakers have begun making adjustments to their business models and production line to stay relevant and compete with the new age EV makers. In a nutshell, EVs are gradually going to transform the road transport but are not gong to take the market by storm or make any disruptions so the transition will be gradual and sustainable for both the environment and the associated industries.

#EV #Sustainability #Netzero