Going all electric by 2030: How prepared are the stakeholders?
In 2017 the Indian government announced the aspiration to not sell a single petrol or diesel car in the country by 2030. 8With such a thrust, both the push and pull factors of EV adoption could shape the e-mobility landscape in India 8Digitization, increasing automation and new business models have revolutionized other industries, and the automotive industry will be no exception to such a revolution. 8The Indian automotive industry has already started to experience the effects of this global disruption. 8Currently, battery price in India is between US$ 275–300 per kWh but this is set to fall dramatically in the next four years to around $ 100-150/kwh 8An Indian automobile manufacturer has already cut down the charging time of its EVs by 75 percent—in three years, the charging time fell from six to nine hours earlier to barely 75 to 90 minutes. However, this is still high for commercial end-use applications. The automotive industry has already seen technology evolve from AC slow chargers to DC fast and ultra-fast chargers today. 8The average driving range is expected to go up from the current 300 km to 500 km over a period of time. 8Most markets worldwide have been unable to grow infrastructure to keep up with their EV aspirations. To fill this gap, different business models are evolving worldwide across the automotive value chain. 8But how prepared are the stakeholders for this disruption? 8And how can they ride this change to expand into newer areas? Click on Reports to find your answers