BANGALORE/PFORZHEIM/FREIBURG, August 1, 2018. The Indian Government increasingly supports the EV industry with various electric mobility programs due to rising oil imports and air pollution caused by conventional automobiles. Though barriers like the lack of charging points, clarity on charger specifications and the criteria for testing, cause vehicles falling short in performance (km/charge), it is only a matter of time before all the barriers are removed and the EV segment picks up speed. Many auto majors, start-up companies and utility companies are sensing the huge opportunity in the selling power of the EV industry and announce their EV plans for the Indian market. Intersolar India 2018 shows benefits between photovoltaics, electrical energy storage and e-mobility solutions powered by renewable energy to help the country become clean again.
India’s oil import bill, driven primarily by the surging demand for automobiles, is rising rapidly with imports in 2018 expected to reach $105bn. Simultaneously the urban population is also spiraling. It is projected that by 2050, 60% of Indians will live in urban areas. The sharp rise in urbanization and the consequent growth in vehicles have resulted in very poor air quality. Already 14 of the 15 most polluted cities are reported to be in India. Driven by the need to curb imports and also to make emission levels acceptable, the Indian Government has been supporting the EV industry.
As early as 2013, Government launched the National Electric Mobility Mission Plan 2020 aiming to achieve fuel security by promoting hybrid and electric vehicles. In 2015, the Government of India launched Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme to focus on technology development, demand creation, charging infrastructure and pilot projects. Later in 2017 government also announced its intention to go all-electric fleet by 2030. Apart from central government initiatives, the Indian state governments have also started developing EV and charging infrastructure policies. For instance, Karnataka government has launched an EV policy, which aims to attract investments worth US$4.75 billion and create around 55,000 employment opportunities.
According to a study by the Government policy framing body NITI Ayog and Rocky Mountain Institute, USA, the total EV market including two, three and four wheelers could be a whooping 46mn by 2030 and the business opportunity is huge. In order to give a push to this new market, EESL, a company jointly owned by four power companies of Government of India, announced that it would replace 30% of the 500,000 Government vehicles by EV and floated tenders. In the first phase, about 5000 EVs were tendered and in the second phase another 10,000 vehicles were tendered. Simultaneously tenders for charging stations were also floated. However the procurement process has been hampered due to lack of charging points, lack of clarity on charger specifications and the criteria for testing, delivered vehicles falling short in performance (km/charge) etc.
Realizing that there are several barriers to be cleared and that it would require more time than expected, government announced, early this year that there were no plans to put in place EV policy and to make all vehicles in the country powered by electricity.
However the possibility of saving $330Bn by 2030 in oil imports and emission reduction to the tune of 1 Giga Ton, as reported in the FICCI-RMI report, are compelling reasons to move to all EV regime. It is only a matter of time before all the barriers are removed and EV segment picks up speed and triggers the revolutionary transition in Mobility. Already, sensing the opportunities, many start-ups have sprung up in EV, Electrical Energy Storage and Charging Infrastructure space and the Utility companies are also eyeing the huge opportunity in selling power. Many auto majors have also announced their EV plans for the Indian market and India will soon seek its place as one of the EV majors in the world.
As the EV story is being scripted, Intersolar India shows synergies between PV, energy storage and e-mobility solutions. The event focusing on PV is additionally highlighting electric mobility at the Power2Drive special exhibit and test drive opportunity aiming at bringing together stakeholders from renewable energy, electrical energy storage and electric mobility industries. Both Start-ups and the well-entrenched can exhibit their EV products and solutions and enjoy the opportunity to provide their vehicle for test-driving to potential buyers at the dedicated Power2Drive test drive. During various sessions and workshops on electric mobility, policy makers, consultants, industry professionals, and young entrepreneurs would speak on the opportunities and challenges of the EV industry at Intersolar India, from December 11-13, 2018 in Bangalore.