The installation of EV charging stations has contributed majorly to the growth of the electric two-wheeler market.
Infra is not a pain point when one can charge their battery as per their convenience!
The ongoing EV revolution is no secret, as the investments in EV manufacturing are now synchronizing with the infrastructural investments.
In today’s day and age, the rapid technological and infrastructural growth have also accelerated the adoption rate of Electric Vehicles. In 2019, Indian Automobile Industry became the 4th largest producer, with over 30million passenger and commercial vehicles. Such a high production rate only showcases the high scope for electric vehicle EV adoption in the Automobile industry. After all, when charging your vehicle becomes as easy as charging your laptop and phone, the infrastructural challenges seem pretty achievable.
While the Government tries to catch up with EV manufacturers from all over the globe, India witnesses a massive upscaling in Electronic Vehicle manufacturing as the EV markets are changing course towards mass manufacturing. The need for narrowing the gap between EV mass production and infrastructural facilities is essential. Hence, companies like TATA Power and ABB understand the need for efficient charging infrastructure by establishing EV charging stations. With the e-revolution at its peak, India’s finest Automobile manufacturers are entering the markets of battery-powered vehicles like electric scooters and motorbikes with detachable batteries. These high-power batteries stay charged up for nearly 100kms as these batteries can be recharged without the need for a charging station.
The installation of EV charging stations has contributed majorly to the growth of the electric two-wheeler market. A report suggests that the EV market for two-wheelers will grow at a CAGR of over 40% during 2020-2025. One of the major factors leading to such positive numbers is the invention of detachable and rechargeable batteries for your travel. India is not just witnessing a rise in technological consciousness but also environmental consciousness. This has further led towards large-scale EV adoption. Electric vehicles have shown a great deal of potential in reducing crude oil dependency.
Along with various other factors that have increased the EV adoption rate,
● Adapting to two-wheelers with detachable batteries
● Increased Affordability
● Increased Government Initiatives
● Growth in Environmental consciousness
● Positive collaboration between Government & Industries
While these factors work on upscaling and fastening EV adoption, manufacturers must figure out ways to narrow the gap between technological advancement and Infrastructural facilities.
The foreseeable future of this ongoing e-revolution in India will take us to a point where it won’t be a luxury but a necessity to survive. The alarming pollution levels have changed the course of e-mobilization towards green resources and energy transmission systems.
The charging Infrastructure companies can fasten the EV adoption by slowly implementing innovative models like leasing batteries, deploying fast chargers, and swapping infrastructure. Along with generating a stable power supply and grid stability that will enable plug-in plug-out rapid charging. Although, why the growth of EVs should stop because of infrastructural issues? Hence, the adoption of electric scooters with detachable batteries ensures positive growth in EV markets. The Government is enabling an ecosystem for potential EV buyers by promoting plug-in charging points.
Technological advancement has taken us towards a better and e-mobilized future. The growing demand for EVs (Electric Vehicles) states the need for deploying efficient and effective charging infrastructural facilities. While that is in the process, one can adapt to electric two-wheelers with detachable and swappable batteries.
We are at a stage where we can charge our automobiles like a smartphone. And, if that’s possible, the complicated process of installing charging points seems like an achievable obstacle. The state-of-the-art infrastructure brings about a better quality of life but it takes time. One can opt for an alternative technological solution by considering an electronic two-wheeler with swappable batteries. Today we live in a world where we can charge automobiles like smartphones. So, anything is possible in this technologically advancing world scenario.
Source: Business World