- Having fewer moving parts means that an electric vehicle is much easier to maintain than an internal combustion engine (ICE).
- Zero emissions and completely silent driving.
- Easily upgraded through OTA software updates.
- It will only get cheaper as global prices for lithium-ion batteries fall.
- Lithium-ion batteries need to be replaced after a period of eight to nine years as they begin to lose efficiency due to heavy use.
- Due to the high import duties on lithium-ion batteries, prices for electric vehicles are currently not on par with ICE cars and scooters.
- Electric vehicles continue to remain vulnerable to extreme weather conditions and perform less than optimal in these temperatures.
Types of electric vehicles
Self-charging hybrid cars feature a very small electric battery that provides additional power to reduce emissions and increase efficiency. The battery is recharged using kinetic energy and is unable to drive the car independently for a long time. For example: 2022 Toyota Camry Hybrid.
Plug-in hybrids need to be connected to a charging unit just like an EV battery, but they have the option to run on fossil fuels only. Plug-in hybrids can run on battery power for about 100 kilometers before needing recharging, or on fossil fuels until a power source is found. For example: 2021 Audi Q5 Plug-In Hybrid.
Battery Electric Vehicles (BEV):
Battery electric vehicles run on battery power alone. These have a large battery with an average range of more than 300 km. Like all lithium-ion batteries that power consumer electronics, these batteries come with a limited life and a seven to eight-year warranty depending on the manufacturer. For example: Tesla Model S.
Hydrogen Fuel Cell Electric Vehicles (FCEV):
The FCEV uses onboard hydrogen to generate electricity on the go, using a fuel cell. Unlike BEVs, FCEVs do not require long charging times and can be refueled with hydrogen just like a gasoline or diesel internal combustion vehicle. FCEVs tend to be expensive due to the costs involved in producing hydrogen derived from renewable energy. For example: Toyota Mirai.
- Under the second phase of the Faster Hybrid and Electric Vehicle (FAME) Adoption and Manufacturing Scheme, the Energy Department has sanctioned 2,877 charging stations across the country.
- Reliance Industries will set up four mega plants to meet India’s energy needs – dedicated to manufacturing solar panels, lithium-ion batteries, green hydrogen and hydrogen fuel cells.
- By 2030, the government expects 30% of all vehicles to be electric.
- Toyota Motors recently announced that it will release solid-state battery technology before 2025. In theory, a solid-state battery can hold twice as much charge as a regular EV battery.
The Mercedes-Benz EQS will be locally assembled
Mercedes-Benz India has announced that it will assemble its flagship electric car, the EQS, in India. The massive EV equivalent of the S-Class, a wall-to-wall “Hyperscreen” EQS, advanced driving aids and a powerful 107.8 kWh battery will make it the most advanced EV assembled in India.
The jury is still out on whether Elon Musk will be able to bring Tesla to India this year, as he continues to vie for more relaxation in import duties. While camouflaged versions of the Model 3 and Model Y have been spotted in the process of testing, there is no clarity on whether Tesla India Motors will start sales this year.
Hyundai Ioniq 5
Hyundai Motors, consistently one of the biggest selling car brands in India, is looking to transform the electric vehicle landscape by introducing its ‘Ioniq’ EV sub-brand to India. The automaker is set to launch six electric vehicles in India by 2028 (starting with the Ioniq 5 in 2022) and has invested Rs 4,000 crore to develop EV and ICE-derived platforms in India.
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