The future of electric cars in India: Cars have exploded in popularity in recent years. This is no doubt down to the fact that they suddenly look a lot better than they did in the past, they drive a whole lot better too. However, whether they have a future in India is a big question. This is because electric cars could be the greatest thing in the world, but India is a unique market. What can be the future of electric cars in India?
In India, people are very conscious of the value of the vehicle they use. Diesel cars are cheaper to run. They pump out a lot of pollution, but they are far cheaper to run. This means that many people in India opt for a diesel car instead. They aren’t really that fussed about the fact they create more pollution, they are fussed about the fact that they are cheap to run.
The problem with an electric car is that, while over the lifespan of the vehicle you will save money, they are going to be a lot more expensive to purchase ‘up front’. This is, in part, down to the fact that the batteries inside of these vehicles are expensive. Many Indians are finding it very difficult to justify the cost for this reason.
One must also remember that battery vehicles have a very limited range. This means that if you want to head out on those longer trips, you are going to need to carry a couple of batteries with you. There will probably be a lack of charging points along the way. This means that the cost is going to be even higher. You must remember that most people are not going to have charging points at their home either. This can make it difficult to own an electric vehicle.
In order for electric vehicles to really take off in India, there has to be a change in attitude. A massive change in attitude. Not just on a personal level, but also on a government level. The government needs to be willing to encourage people to have electric vehicles. The best way in which they can accomplish this is by offering various ‘charge points’ on the roads, and right now this is going to be a very big ask. In addition to this, the government may want to consider options such as discounted parking for those who drive electric vehicles, just to bring the cost of ownership down some more.
We really do not see there being a massive swing in vehicle ownership until the cost goes down. Those batteries need to get cheaper. Although, this is somewhat of a catch-22 situation because if the cars are not selling, the company will not be able to benefit from economies of scale which will help to bring the price of the car down.
What would be the future of electric cars in India? Will they ever be successful? It is unknown. A lot will have to change. However, if those changes can be made, the country will benefit as a whole.
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