“Zero Emission India – 2070”

What is EV?

An EV is a shortened acronym for an?electric vehicle. EVs are vehicles that are either partially or fully powered by electric power. Electric vehicles have low running costs as they have fewer moving parts for maintaining and are very environmentally friendly as they use little or no fossil fuels (petrol or diesel). FCEV: Fuel Cell Electric Vehicle - Uses hydrogen fuel cells to produce energy for the vehicle.

The EV industry in India?can create some 10 million or 1 crore direct jobs and 50 million or 5 crore indirect jobs by 2030, according to estimates by the Ministry of Skill Development and Entrepreneurship.

The NITI Aayog predicts that between 30 and 70% of automobiles, 40% of buses, and 80% of two- and three-wheelers would be electric by 2030. Funding and attention are focused on electric mobility as the country moves toward its "Zero-emission" 2070 ambition.

Usage of EV

India's path to a completely electric environment still faces a few obstacles, including high costs, poor infrastructure, and a dearth of high-performing EVs. The price of the electric versions of 2 and 4-wheelers is sometimes substantially more than the standard gasoline choices. This is the main cause of the delayed uptake of electric transportation.

Nitin Gadkari, the Minister of Road Transport and Highways, noted in the Parliament in March 2022 that the number of two-wheeler electric vehicles (EVs) increased by 422% between 2019-2020 and 2020-2021, three-wheelers by 75%, and four-wheelers by 230%. Additionally, almost 1,200% more electric buses are now on the road.

An EV is regarded as being out of reach for more than 60% of consumers. Because there are not enough amenities, upkeep expenditures are significant. India has more than 65,000 gasoline filling stations but just 1640 EV charging stations. So far, the only electric vehicles sold in India have been 2- and 4-wheel versions of vehicles that were formerly powered by fossil fuels. Tesla-style supercars or high-performance luxury versions have not yet entered the Indian market.

Goals for EV

Government Policies and Incentives for Electric Vehicles in India the Government of India is continuously showing its support to develop India as a global leader in the EV sector. Several schemes and incentives have been launched by the government to boost the demand for electric vehicles as well as motivate manufacturers to invest in the R&D of electric vehicles and related infrastructure as for the market penetration of electric vehicles, India lags other regions in this regard. ?Regarding electric vehicles, the nation's adoption rate is low.

In terms of model kinds, charging infrastructure, and financial incentives offered to EV producers, there is still more work to be done. India is now in the top five countries for both passenger cars and commercial vehicles, and it dominates the 2W and 3W markets (wheeler). However, the percentage of EVs in the country is rather low. In India, there have been registered over 1,04,806 electric vehicles since 2012.

As regular routes of transportation, electric buses are becoming more commonplace.

About 400 electric buses were sold during the FY2021 period. Additionally, it is predicted that by FY2022, this number would have reached about 900 (Financial Year). In its budget proposal for 2021–2022, the Indian government reaffirmed its commitment to the EV market. To improve EV market penetration in India, the government suggested several measures.

The government has been attempting to enhance the nation's infrastructure to produce electric vehicles under two phases of the FAME, or quicker adoption and manufacture of hybrid and electric vehicles, plan. As part of the proposal, Oil Marketing Companies would install 22,000 EV charging stations around the nation.

Policies of Government

?The government of India has launched so far are - ?

FAME-II, PLI SCHEME, and Battery Swapping Policy.

Following are the Government Policies and incentives for electric vehicles in India. The FAME India initiative was launched in April, 2015 by the government to reduce the usage of petrol and diesel automobiles. This scheme was an essential part of electric mobility in India.

The government is providing incentives for the purchase of electric vehicles to get more people to become electric vehicle owners. People who borrow money to purchase electric vehicles are also eligible for a tax exemption of Rs. 1.5 lakh. Only 5% GST with no cess is applied to the purchase of electric vehicles.

The FAME II scheme was introduced in April 2019 with a budget outlay of Rs 10,000 crore to support 5,00,000 e-three-wheelers, 7,000 e-buses, 55,000 e-passenger vehicles, and a million e-two-wheelers. The aim was to drive greater adoption of EVs in India. The scheme was supposed to end in 2022. But now, In the budget for FY2022-23, the Government of India has decided to extend the FAME-II scheme till 31 March 2024.?

The simplest way of charging EVs

A simpler method of charging EVs was proposed in the 2022 budget, which included a battery switching programme. The government also introduced a programme for automakers called the Production Linked Incentive Scheme last year, which includes incentives to increase the production of electric vehicles.

According to the finance minister, the administration plans to implement a battery-swapping policy. This programme will harmonise the battery requirements for EVs used throughout India.

As replacing a depleted battery with a fully charged one is a more practical choice than on-the-spot recharging, which may take hours, the law will aid in promoting EVs in time-sensitive service industries like delivery and inter-city transit. As a result, interoperability will be simple. Customers do not need to worry while changing their batteries or be concerned about the configuration of new batteries being installed if all the batteries are of the same configuration for all EVs in the same category.