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  •  03-06-2022
  •  Mr. Balaji Prasad Padhi
  • # Challenges and Strategy'
  •  463

Charging the Future: Challenges and Opportunities for Electric Vehicle in India

Charging the Future: Challenges and Opportunities for Electric Vehicle in India

A recent spate of electric scooter fires has enraged both the authorities and buyers in India. While electric cars, particularly scooters and commercial vehicles, are swiftly becoming a healthier alternative to conventional vehicles in India, such occurrences are damaging the image of EVs in the country. The establishment of fast charging start-ups has resulted in the provision of quick electric vehicle charging services at one's doorstep. What’s on-demand fast charging and how it can help push EV penetration in India?

A nation may use established and proven methods that rich countries have previously implemented:

·        Implement EV-friendly policies and legislation.

·        Develop infrastructure to support and assist the increasing EV industry, and leverage this developing market to increase the pace of energy generation.

·        Encourage EV manufacturers to finance a variety of goods in order to expand their consumer base.

·        Introduce a variety of alternatives or EVs to the market and foster healthy competition. As a result, buyers will have a variety of EV alternatives to select from.

·        Take advantage of the falling cost of EV technology to further reduce the operating costs of EVs.

·        Finally, invest in creating a user-friendly infrastructure, programs, and rules to guarantee that new consumers eventually gravitate toward EVs.

 

New rate designs, better smart metering and charging equipment technologies, and a charging infrastructure that is convenient and price competitive will need to be developed and implemented. These are difficult but achievable tasks.

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