The automobile industry heavily relies on technology and with the tech advancing at a brisk pace, new features and innovations are making their way into the industry. As of now, the talking point has to be the introduction and compliance of reliable and efficient electric cars. Electric cars are a perfect alternative to control the consumption of fossil fuels and cap automotive exhaust emissions. Or are they? Considering the current technology we think that 2022 can be a crucial year for electric cars in India, here is how.
Because of these serious concerns, many carmakers have restricted their investment in IC engines and are investing the majority of the money in electric powertrains. Brands like Toyota, Audi, and Volkswagen have claimed that all of them will be manufacturing electric or low fuel consuming vehicles within a decade.
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Rewarding Government Initiatives
Not just the buyers but the government in India is also excited to introduce electric vehicles in the market. Running electric vehicles brings several other aspects to the table. For example, the Indian government is offering several kinds of tax exemptions and subsidies when working a new vehicle.
These benefits drastically reduce the price of the vehicle allowing more people to consider buying an electric vehicle. Well, these subsidies and benefits vary with the state from which you are buying, for instance in Delhi Rs. 30,000, and in Maharastra Rs. 37,000 + Rs. 7000 scrapping your old IC car.
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Rising Greenhouse Gases Emissions
We all are well versed with the greenhouse gasses emitted from the vehicle’s exhaust. For the most part, these gases consist of COx, SOx, NOx, PM, soot, and more. And these harmful greenhouse gases have a very negative impact on the environment. Hence, to put a cap on vehicular emission, MoRTH launched the revised BS6 emission norms in April 2020. Where move would allow controlling the vehicle pollution it is not at all a sustaining option. Electric vehicles could just be the right choice.
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Running Out Of Fossil Fuels
More than 90% of the cars running on the road run on fossil fuel. Of course, this vehicle in India come powered by an IC engine. Well, there is one alternative to electric vehicles, flex-fuel. But still, as of now the infrastructure of producing flex-fuel is still under construction and it is not 100% sustaining. Coming back to electric vehicles, these surely have zero vehicular emissions. This not only allows for a less polluting engine but also help drastically reduce the use of fossil fuels.
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Advancement In EV Technology
Electric vehicles offer an out of this world experience from behind the wheel. Be it performance, drivability or comfort, electric vehicles have no match. However, the current-gen electric vehicles lack the range and large charging time that a car with a conventional engine offers. But with the advancing tech, carmakers are able to produce batteries with a longer range and also fairly reduced charging time. This tech is expected to grow even further in the upcoming months.
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Rising Fuel Prices
Here in India, the running cost of a vehicle surely does matter. And among the service cost, the cost of fuel piles up the majority of the regular expense. The maintenance of conventional vehicles with IC can fair a little difficult in the long run, more so because of the rising fuel prices. But according to the studies, we can expect the running cost of an EV here in India is somewhere ₹1-2 per kilometre.
Here is How the Union Budget 2022 Is a Booster For Electric Vehicles!
So, these are the reasons why we think 2022 could revolutionise the electric vehicle industry in India.
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