SUMMARY
The value chain of electric vehicles in India is expected to reach a whopping $4.8 Bn by 2025
A common concern among most commuters is that while they can refuel cars in a matter of minutes, charging an EV might take longer
As we move towards greener technologies, the need for affordable, safe, and powerful mobility is continually increasing
The overarching fascination for electrified mobility continues to compel the eco-conscious to explore alternatives to traditional fuel vehicles. As per a recent report, the value chain of electric vehicles in India is expected to reach a whopping $4.8 Bn by 2025. Across the globe, startups to major automobile manufacturers are showcasing high-performance, energy-efficient EV technology.
The advancement and innovation in this arena give rise to several myths and doubts about EVs and their usage. As commuters foresee this transition from traditional fuel vehicles to electric vehicles, it isn’t surprising that many will compare the advantages of EVs with conventional ICE vehicles, which makes it imperative to demystify common EV myths.
Let’s debunk five popular myths associated with EVs:
Shorter Travel Distance
Most people agree with this common belief that the driving range for EVs is much shorter than conventional cars, which has caused anxiety among EV owners. We must note that EVs are designed to provide a much higher range than the average trip length. In the coming years, we will witness an increase in the availability of long-range batteries, more accessible and faster-charging stations across highways in India. These enhancements will make longer trips just as convenient, where a single mid-way charging point can serve the purpose.
EVs Take Too Long To Charge
A common concern among most commuters is that while they can refuel cars in a matter of minutes, charging an EV might take longer. It is important to note that there is undoubtedly a change in the pattern of boosting the vehicle which EVs will bring about. However, an electric vehicle can be recharged every night, with the availability of a garage or a dedicated parking space. It helps you avoid long queues at petrol pumps or CNG stations.
The EV sector’s potential and a robust EV charging infrastructure can be developed on Indian highways, making long-distance drives easier. Say, for instance, 30-60 minutes to charge your vehicle, that’s about as long as finishing lunch at a pit stop.
EVs Are Uneconomical
It is assumed that EVs come with a pretty big price tag and are a luxurious buy. However, in India, the cost is being reduced, thanks to the government’s multiple initiatives, it will boost the adoption of EV by enabling an affordable, reliable, safe, and accessible eco-system. The government will follow a policy of incentivizing the EV sector using subsidies and tax relaxation. EVs will also provide savings in maintenance, fuel costs, and repairs, which leads to a lower total cost of ownership for fleet managers.
EVs Are Expensive To Maintain
The Indian automobile manufacturing market is gearing towards investment in high-performance batteries. There is a current prediction that an electric car battery will last from 10 – 20 years before they need to be replaced. The cost of lithium-ion batteries per kilowatt-hour (kWh) has plummeted 90% over the last decade, from $1,183 in 2010 to just $156 in 2019. The overall maintenance costs are also low since EVs have fewer moving parts, more efficient cooling systems, and use no oil.
Electric Vehicles Are Unsafe
Safety is always the top concern. The EVs undergo the same strict safety standards and are tested for their crashworthiness like conventional vehicles. It can be debated that vehicles that run on gasoline are more dangerous because their fuel is flammable. Whereas, batteries are managed by a battery management system (BMS) that can automatically shut down the battery in the event of an emergency.
As we move towards greener technologies, the need for affordable, safe, and powerful mobility is continually increasing. Therefore, electric vehicles will be highly responsible for reducing carbon dioxide, leading to a cleaner and greener planet. The manufacturers are working on the design, innovation, and capabilities to ensure performance and sustainability for the EV market of India, satiating consumer needs. EVs are here to stay. Major automobile manufacturers getting into the game showcases the potential of electricity as a means of propulsion.
