With this ever-increasing pollution, we are always looking for sustainable alternatives. And vehicular emission being a significant contributor, finding options for these chemicals belching vehicles is an undeniable step. Automobiles in major Indian cities contribute approximately one third to air pollution. According to a new global study, vehicular emission is escalating death and illness among the population, especially the urban folk.
In the background of these challenges, Electrical Vehicles (EVs) are entering the market and proving to be a great alternative.
What are EVs?
Electric vehicles or EVs are powered by electric power. EVs run on Lithium-ion batteries (also called Li-ion batteries) which store energy and can be recharged. EVs use little or no fossil fuels and thereby help in reducing the environmental pollution. The life of an EV battery ranges between six and eight years and needs a replacement when its capacity starts to fall below 80%. EVs also have fewer maintenance costs as compared to a regular petrol or diesel-run vehicles.
India towards EV transition
Faster adoption and manufacturing of (Hybrid and) EVs, Phase II or FAME II scheme of the government of India aims to ensure that at least 30% of vehicles in the country are electric by 2030. Incentives (subsidies and tax cuts) under FAME II on Li-ion batteries serve as catalysts in this transition. Also, the expanded battery manufacturing under the Make in India initiative of the Government of India may give an edge to India's EV transition. EVs are efficient, cheaper and sustainable in the long run for an average Indian buyer.
According to a Delhi-based think tank, Council on energy, environment and water, a transition to EVs will save crude oil imports of India worth Rs. 1,07,566. EVs will also pave the way for a sustainable economic recovery post-pandemic and revive the slowed-down economy. A transition to EVs may serve as a huge market opportunity for the country. Electric vehicles will substantially reduce vehicular fumes, thereby reducing the emission of greenhouse gases. And the best thing for our ears, it may eliminate the possibility of an era when we'll be wearing masks full-time.