As India accelerates its adoption of electric vehicles (EVs), the true test of EVs, particularly two-wheelers, will occur again with the arrival of summer next year. According to EV manufacturers and network providers, they have learnt from 2022 and are ready to give a more secure and safe journey for users.
Dozens of EVs caught fire, including in showrooms, in the first half of 2022, causing several injuries and prompting many investigations from the government and relevant departments.
In October, the government issued new standards for EV manufacturers, including extra safety criteria for battery cells, battery management systems (BMS), on-board chargers, battery pack design, and heat propagation due to internal cell short circuits resulting in fire.
According to Gunjan Malhotra, Director, Komaki Electric Division, the adoption of EVs is spreading due to the rising need to minimise dependency on imported oil and the rapidly dwindling fossil resources, and they are prepared to deliver a secure and safe experience for passengers.
“Komaki anticipates safe and dependable EVs on Indian roads by supplying ultra-modern EVs equipped with heat-resistant Lithium Ion Phosphate (LiPO4) batteries. Even in the worst-case situation, LiFePO4 batteries are more resistant to fire. “LiPO4 is extremely safe and effective because to the iron-containing cells and high fire resistance,” Malhotra told IANS.
Another factor driving EV demand is their low emission level, which is expected to drive market revenue growth over the projection period. EVs emit fewer greenhouse emissions and air pollution than other gasoline or diesel-powered vehicles. “These autos also help to a sustainable environment by not contaminating the environment with smoke or dangerous emissions.
As a result, brands are competing fiercely in the two-wheeler segment of India’s prized electric-two-wheeler market,” said Malhotra. Electric vehicle (EV) sales in the country have increased dramatically in the previous two years. EV sales climbed from 48,179 in 2020-21 to 2,37,811 in 2021-22 and 4,42,901 in 2022-23. (till December 9).
In a written reply to the Lok Sabha last week, Minister of Heavy Industries Mahendra Nath Pandey stated that the ministry has implemented a scheme titled ‘Faster Adoption and Manufacturing of Electric Vehicles in India Phase II’ (FAME India Phase II) to promote the adoption of electric/hybrid vehicles in the country.
Phase II of the FAME India plan is now being implemented over a five-year period beginning April 1, 2019, with a total budgetary assistance of Rs 10,000 crore.
According to Akshit Bansal, Founder and CEO of EV charging network operator Statiq, the year 2022 will be monumental in terms of ramping up infrastructure for EV charging stations in the country.
“Indeed, from a mere 1,000 publicly available chargers at the start of the year, they were believed to have gone up to almost 1,800 by the middle of the year, a figure that has further grown to around 2,500 as we approach the end of the year, highlighting a sustained development path,” Bansal told IANS.
For a market that now has over 13 lakh EVs, including 2Ws, 3Ws, and 4Ws, and is still growing, the coming year holds immense promise for the country’s EV charging stations.
“With the government’s greater commitment to sustainable mobility and the corresponding lowering of GST on EVs as well as chargers/charging stations, private investment into this segment would also play a larger role presently.
Simultaneously, real estate developers would seek collaboration with EV charging station providers for both residential and commercial sites “Bansal said. According to Ketan Mehta, Founder and CEO of Jaipur-based HOP Electric, an electric two-wheeler manufacturer, investing in EV mobility is becoming the go-to decision in India, especially because people are making conscious eco-friendly and sustainable choices.
“The government’s ambitious Rs 26,058 crore production-linked incentive (PLI) plan for auto under the new Non-Automotive Investor (OEM) category has come as a welcome step to strengthen the country’s manufacturing capacity,” said a spokesperson “He stated.
HOP Electric would spend more than Rs 2,000 crore in India over the next five years under this commitment to increase the company’s chances of being a global energy mobility pioneer,” he added.
The most crucial issue in the trip, according to Sameer Aggarwal, Founder and CEO of EV fintech platform Revfin, has been the absence of financing choices for commercial drivers.
The site discovered that hybrid automobiles had the highest number of burns per 100,000 sales (3474.5). There were 1529.9 fires per 100,000 gas car sales and just 25.1 fires per 100,000 electric vehicle sales.
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