State
owned Energy Efficiency Services Ltd. (EESL) floated another tender for more
10,000 electric vehicles with governments in line vision of all electric cars
by 2030 in India.
New
Delhi: In view of rising
pollution level in Delhi/NCR, the government is planning to provide clean mode
of transportation to India. For this purpose, the government is planning to
launch all electric vehicles on road by 2030. The main objective of EESL is
facilitating faster adoption of technology solutions. With this objective EESL
seeks to create the market for electric vehicles and a technology which is
self-assured to boost e-mobility in the country.
Earlier, EESL has floated tender for
10,000 electric vehicles, which was its first tender. Mahindra & Mahindra
(M&M), Tata Motors and Japanese carmaker Nissan had bid for the EESL
contract to provide 10,000 electric vehicles. In which TATA Motors won the
tender and agreed to supply the Electric Vehicles in two phases i.e. first 500
e-cars will be supplied to EESL in November 2017 and the rest 9,500 EVs will be
delivered in the second phase. Tata Motors quoted the lowest price in the
bidding process which is 25% lesser in price than the current retail price.
Download sample report: https://www.techsciresearch.com/sample-report.aspx?cid=1360
Now, for next year March or April, EESL
floated another tender for more 10,000 electric cars. Moreover, EESL plans to
have a big share in the electric vehicle charging infrastructure market. In
October 2017, EESL has also floated tender for AC and DC electric vehicle chargers.
As per the report published in May 2017
by Niti Aayog, making India’s passenger mobility shared, electric, and
connected can cut its energy demand by 64% and carbon emissions by 37% in 2030.
This would bring about a decrease of 156 Mtoe in diesel and petroleum
utilization for that year and at USD 52/bbl. of crude, this would infer a net
funds of generally Rs 3.9 lakh crore in 2030. The move to EVs through this program
will reduce dependence on oil imports and advance power limit expansion in
India thereby enhancing energy security of the nation and will also lead to reduction
in GHG emissions from the transport sector
TechSci Research depicts that the increasing air pollution due to vehicular and
industrial emissions coupled with growing awareness about the harmful effects
of air pollution in the metro cities is going to upsurge the demand for
electric vehicles in India. Furthermore, India has been increasingly investing
its focus on reducing the fossil energy usage and promote low-carbon energy sources
by investing heavily in clean energy vehicles including electric and hybrid
vehicles.
Such initiatives by the country is
anticipated to curb the air pollution levels and is further expected to
significantly benefit the India electric vehicle market. Electric vehicles offer a vast opportunity
backed by their almost negligible carbon emissions and comparatively lower
maintenance cost to traditional fossil fuel vehicles. However, a prominent
factor hindering the growth of the electric vehicle market is the price of
these vehicles, which is comparatively much higher than their conventional
counterparts.
According to the recently published
report by TechSci Research, “India Electric Vehicle Market, By Vehicle Type, By Drivetrain Technology and
By Charging Infrastructure Trends, Competition Forecast & Opportunities,
2013-2023”, the market
for electric vehicles in India is projected to grow at a CAGR of 100% 2023. The electric market In India is
prominently dominated by the three-wheeler segment with a share of about
92.06%, in volume terms in FY2017. Moreover, in India, lithium ion battery is
one of the most preferred battery type in electric vehicles. Lithium ion
batteries are widely used in several electric vehicles owing to its several
advantages over the other batteries. Lithium ion batteries has a largest share
in the electric vehicle market of the country in 2016.
Please follow our LinkedIn and Twitter pages to get live updates on market research insights and analysis.