India to Prioritise Electric Two and Three-Wheeler Segments: Study

- Advertisement -

The overall cost of ownership of buying, maintaining and running a commercial vehicle over its normal lifetime of four years, is a major driver to push the use of electric vehicles (EV)

With small vehicles dominating the roads in India, there is a need to prioritise electric two and three-wheeler segments in the country, according to new study by Ola Mobility Institute.

The overall cost of ownership, including the direct as well as indirect cost of buying, maintaining and running a commercial vehicle over its normal lifetime of four years, is a major driver to push the use of electric vehicles (EV) on Indian roads, the study says.

- Advertisement -

The parity of overall ownership cost of four-wheelers is still years away, and therefore other sections should be prioritised for electrification, it adds.

Promote high utilisation of EVs

Commenting on the findings, Anand Shah, Senior Vice President and Head of Ola Mobility Institute (OMI), said, “We are convinced that the growing base of renewable energy combined with sound policy measures to promote high utilisation of EVs can make India an exemplar for market-based electric vehicle ecosystem.”

As the biggest fleets of EVs in India are maintained by civic bodies, government agencies and app-based aggregators, shared, commercial and public transport EVs are better poised in bringing down the overall cost of ownership as compared to a personal EV.

Based on the pilot conducted, the report shows that there is a considerable potential for battery swapping as a reliable mechanism for charging for small format vehicles.

As per the pilot, the swapping of lithium-ion battery improved the available operating time by 25 per cent for three wheelers as compared to fixed battery systems. When compared to lead-acid battery, the operating time increased by 50 per cent.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Chinese Phones For Less Than 12k, Not Allowed!

0
The central government is aiming to put some restrictions on Chinese smartphones holding the Indian market. Made-in-China giants like Xiaomi and others have managed...
South Korea Gunning For Chip Supremacy, CamGraPhIC

CamGraPhIC Raises Funds For Photonics

0
Cambridge University’s innovation CamGraPhIC has recently raised £800,000 from Wealth Club clients via an Enterprise Investment Scheme (EIS). Overall, the company has raised over...
Rockley

Rockley Photonics Adds New Board of Directors Member

0
Rockley Photonics, a global company involved in photonics-based health monitoring and communications solutions recently announced that it has named Richard Kuntz, MD, MSc to...

Exclusive

Chinese Phones For Less Than 12k, Not Allowed!

0
The central government is aiming to put some restrictions on Chinese smartphones holding the Indian market. Made-in-China giants like Xiaomi and others have managed...

“Inquisitiveness To Explore Makes A Big Difference…”

0
There are many who aspire to hold prestigious positions at big corporate houses, but very few are willing to work hard enough for it....
Japanese, InnovationLab

InnovationLab Unveils Additive PCB Production

0
InnovationLab, a printed electronics company, “from lab to fab,” recently claimed that it has achieved a breakthrough in additive manufacturing of PCBs, which in...

Important Sectors

Chinese Phones For Less Than 12k, Not Allowed!

0
The central government is aiming to put some restrictions on Chinese smartphones holding the Indian market. Made-in-China giants like Xiaomi and others have managed...
South Korea Gunning For Chip Supremacy, CamGraPhIC

CamGraPhIC Raises Funds For Photonics

0
Cambridge University’s innovation CamGraPhIC has recently raised £800,000 from Wealth Club clients via an Enterprise Investment Scheme (EIS). Overall, the company has raised over...
Rockley

Rockley Photonics Adds New Board of Directors Member

0
Rockley Photonics, a global company involved in photonics-based health monitoring and communications solutions recently announced that it has named Richard Kuntz, MD, MSc to...
Heliogen and Dimensional Energy Collaborate for Fuel Production Via Sunlight

Heliogen and Dimensional Energy Collaborate for Fuel Production Via Sunlight

0
Heliogen Inc, a provider of AI-enabled solar energy technology recently announced that it has entered into a letter of intent with Dimensional Energy, a...
Advent Technologies

Advent and DEPA Sign MoU For Hydrogen Projects

0
Advent Technologies Holdings Inc, an innovator in fuel cell and hydrogen technology recently announced the signing of a Memorandum of Understanding ("MoU") with DEPA...

Manufacturing

Chinese Phones For Less Than 12k, Not Allowed!

0
The central government is aiming to put some restrictions on Chinese smartphones holding the Indian market. Made-in-China giants like Xiaomi and others have managed...

Polymatech Will Invest USD 1 Billion On Expansion

0
Polymatech semiconductor manufacturing and packing facility is expected to produce 250 million chips per year with an investment of USD 1 Billion. The company will...

Third-largest by 2026: Indian Auto Sector

0
Going by the latest report of Invest India, the automotive sector will reach the mark of $300 billion by 2026. It will make India...

Flex Sees Growth With Smart Cities Mission

0
Flex CEO Revathi Advaithi, who started with the benign manufacturing field and now sits at the helm of this multinational company, considers the growing...

RISC-V Global Summit From December 12th to 15th, 2022

0
RISC-V International has the dates for its 2022 Global Summit North America. The event is a full in-person schedule at San Jose, California. Attendee...