The Electric Vehicles (EV) market is expected to record double-digit growth rates with rise in sales volume annually in India till 2020, according to ASSOCHAM-EY joint study.\r\n\r\nThe study titled \u2018Electric mobility in India: Leveraging collaboration and nascency,\u2019 further said that despite electric vehicles not being mainstream, stricter emission norms, reducing battery prices and increasing consumer awareness are driving EV adoption in India.\r\n\r\nAt present, electric vehicle industry is at a nascent stage comprising 1% of the total vehicle sales and is dominated by two-wheelers (95%). The study suggests that EVs will be a stepping stone in designing an intelligent transport infrastructure in India.\r\n\r\n\u201cThe roadmap to electric mobility vision is based on growing collaborative economy and proliferation and success of electric and shared mobility business models,\u201d it said.\r\nKey Takeaways From The ASSOCHAM-EY Joint Study\r\n\r\n \tStudy highlights the need of charging infrastructure for growth of EVs.\r\n \tExpects share of public charging to grow, as private charging continues to be dominant with nearly 70% share in 2030.\r\n \tGrowth of EV depends on battery costs; the cost of Li-Ion batteries to reach $100 per kW\/h by 2023.\r\n \tReuse of Li-Ion batteries in conventional and sustainable ways should be the focus of the government.\r\n \tNeed for urgent investment in research and development along with local manufacturing capabilities\r\n \tLong-term supply incentives to attract investments in the sector\r\n\r\nHow EV Will Lead To Growth Of Telematics In India\r\nThe report further emphasised on the growth of telematics market in India, which it expects to grow with increasing demand of electric vehicles.\r\n\r\n\u201cGrowing use of telematics across multiple services such as EV to grids interaction, fleet\/asset management, navigation and location-based systems, insurance, V2V, V2X systems, remote alarm and incidence monitoring, and safety and security, telematics is poised to grow at a compounded annual growth rate (CAGR) of 31.2 % till 2020,\u201d it said.\r\n\r\nTelematics supports intelligent transport solutions as it embeds intelligence into vehicles using sensors and chips. The report suggested that embedding telematics in EVs can benefit:\r\n\r\n \tLocating nearest charging station\r\n \tReserve spot at charging station\r\n \tSmart charging\r\n \tVehicle to grid charging\r\n \tTime of charging\r\n \tNotify people when charging stops or is unplugged\r\n \tRemote heating\r\n \tVentilating and air conditioning\r\n\r\nFurthermore, the report points out that global telematics market is poised to grow exponentially, with 104 Mn new cars expected to have some form of connectivity by 2025.\r\n\r\nThe global market size of telematics will be around $ 47.6 Bn in 2020 from $ 20.02 Bn in 2015 and 88% penetration of globally integrated telematics for new cars is expected to be achieved by 2022.\r\nCurrent State Of EV In India\r\nIn Union Budget 2018, the government announced the allocation of $40.5 Mn towards the development of electric and hybrid vehicles in the country. India\u2019s automotive industry has been gearing up for the change, and that has been visible at the ongoing Auto Expo 2018.\r\n\r\nMajor players like Renault, Tata Motors, Honda, Maruti Suzuki among others have presented their electric vehicles.\r\n\r\nTata Motors has showcased its range of six electric vehicles across personal as well as mass mobility categories, while Mahindra and Mahindra unveiled its range of electric vehicles, which includes Treo, a lithium-ion electric three-wheeler, and e-COSMO, a bus.\r\n\r\nAshok Leyland launched its first electric bus, Circuit S, while Maruti Suzuki unveiled the first design concept of e-Survivor. On the other hand, Renault showcased its mini electric car ZOE and the TREZOR, a two-seater electric supercar\r\n\r\nHowever, the automotive industry has been concerned with the EV infrastructure and government policy. Players like Honda, Jaguar etc have emphasised repeatedly on the need for clarification of government policy framework and roadmap.\r\n\r\nThe suggestions in the ASSOCHAM-EY study highlighted these issues with regards to EV, while also urging the government to take these matters seriously. Amid the innovations coming up in the EV sector, the growth of EV market will be much awaited.