StartupTalky

Tag: electric car

  • How To Start EV Charging Stations Business In India

    The coming decade is expected to be the decade of the fully electric car. The International Energy Agency cites that by 2020 up to 20 million electric vehicles will ply the road, a number that is expected to go up to 70 million by 2025. India has a lot to gain from the widespread adoption of e-mobility. Electrification will help reduce vehicular emissions, a key contributor to air pollution which causes an average 3% GDP loss every year. The National Electric Mobility Mission Plan (NEMMP) 2020 and Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme were both announced in aspiration of an electric-only future for automobiles by 2030. Starting an Electric Vehicle (EV) charging station will be very much profitable also as the demand for an electric vehicle is increasing the necessity of charging stations will be very much useful.

    India’s electric vehicle market is projected to grow at a CAGR of over 37%, during FY2018-FY2023. India can play a lead role in it by switching over the EV mobility to ensure a greener and cleaner ecology. Under the Make In India program, the manufacturing of e-vehicles and their associated components is expected to increase the share of manufacturing in India’s GDP to 25% by 2022.

    How To Start A Public EV Charging Station Business

    Benefits of Buying an EV (Electric Car) in India

    • Low maintenance costs – The main reason why people buy an EV is the maintenance cost. An internal combustion engine car has more mechanical parts, hence, more complexities and difficult to maintain. EVs are easy and cheaper to maintain because of their simple structure and operations.
    • Little to no sound – Another benefit that an EV can deliver is the silent functioning capability. No engine’s why there is no noise as well. EV can always provide you with a more comfortable ride because of its completely silent operation.
    • Low running costs – Another major advantage that EVs deliver over conventional IC engine cars is the running cost.
    • NO more fuel price hikes – When you buy an EV you will no longer have to worry about the daily variation of petrol and diesel prices. While the government changes the fuel price depending upon the global prices, you will no longer have to worry because you don’t need fuel anymore.
    • Convenient charging at home  – you may face a huge crowd at the fuel stations during peak hours. EVs are a major advantage in this case where you can simply plug in your vehicle at your home for 4-5 hours and you are ready to move again without any delay. EVs are nowadays also come with charging capabilities which allows them to charge within 60 mins.

    RAMP Success Story – Automotive Aftermarket Software | Revenue Model | Founders
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has been approved by the organization it is based on. The automotive aftermarket is a huge industry generating crazy money. Accordingto a report by Gr…
    StartupTalkyChayanika Goswami

    • Easy to drive – EVs are an absolute pleasure to drive because you don’t have to operate the gear mechanisms. You only have to use a set of buttons that will increase or decrease the speed.
    • Environment friendly – buying an EV is good for environment, they have no emmisions and very low carbon footprint. EVs are now the most eco-friendly modes of transport available in the market.
    • Comfortable cabin and more storage options – In an EV the space utilization ratio is higher than a normal vehicle. This is because the transmission gets simpler and the motor which replaces the engine occupies less space.
    • Government incentives – The benefits of buying are not limited to the vehicle itself. Government wants you to buy an EV and provides significant deductibles compared to a normal car.
    • EVs are future proof – Fossil fuels are getting old and scarce. It isn’t a clean energy source. Electricity, at present is generated from fossil fuels, but we are moving towards renewable sources of energy in the future. We have made significant strides in fields of solar and wind energy. We can probably hope for a completely renewable and pollutionless energy source.
    Projected Electric Vehicle Sales

    Requirements for EV Public Charging Station (PSA) Installation

    • Parking space for electric cars
    • No fewer than five ISO-certified charging machines ( the table below is a detailed representation of the required machines)

    Charger Types Charger Connectors Rated Voltage Number of Charging Points
    Fast CCS(min 50 kW) 200-1000 V 1/1 CG
    CHAdeMO(min 50 KW) 200-1000 V 1/1 CG
    Type-2 AC (min 22 KW) 380-480 V 1/1 CG
    Slow/Moderate Bharat DC-001(15KW) 72-200 V 1/1 CG
    Bharat AC-001 230 V 3/3 CG of 3.3 KW each

    • Space for the charging machines
    • One transformer
    • Cable transmission
    • The area where charging stations are assigned must be safe and secure
    • Has at least 5 charging machines

    Types of Vehicles for PSAs

    You can charge 2 wheelers, 3 wheelers, 4 wheelers, buses, and other heavy vehicles. But the basic requirement is to have space for parking vehicles which come for charging. Generally, the three first types of vehicles are easier to charge in comparison, since the former requires less space for parking.

    Buses or other heavy-duty electric vehicles need a large space for charging and also require the following requirements:

    • At least two chargers of a minimum 100 KW, each of different specifications (CSS, CHAdeMO) is necessary to install.
    • Appropriate Liquid Cooled Cables in high-speed charging facility for Fluid Cooled Batteries’ onboard charging
    • On FCS(Fast Charging Stations) for heavy electric vehicles, it must have battery swapping facilities for meeting the requirements of the charging station

    Autofurnish India – Buy Car Accessories Online
    Automobile Accessories not only enhance the looks of your vehicle but alsoincreases its efficiency in many ways. There are different types ofaccessories, some that make your drive comfortable, some that protect yourvehicle, some that keep your car clean and some to handle emergencies. In short,…
    StartupTalkyChayanika Goswami

    Cost of Charging Stations

    The electric car charging installation cost varies, depending on the following factors:

    • Rent of Land
    • Charging machines
    • Transformer
    • Electric Connections
    • Technician
    • Breakers
    • Labor
    • The software Management team
    • Branding/ Marketing
    • Maintenance  Top EV Charging Solution providers in India

    Required Locations of PCSs

    • At least one charging station must be installed in a 3×3-kilometer grid.
    • One charging station must be set up every 25 kilometers on highways/roads’ both sides.
    • For long-range and heavy EVs, one Fast Charging Station should also be available on each side of the highways.
    • In cities, charging stations should be located within Transport Nagars and bus depots.
    • The appropriate authorities (State/Central/UTs) can also give priority to the current retail outlets (ROs) of Oil Marketing Companies (OMCs) in the permission to install of PCSs.

    India Electric Car Market

    The Indian electric car market size was valued at $71.1 million in 2017 and is projected to reach $707.4 million by 2025, witnessing a CAGR of 34.5% during the forecast period. Government schemes and subsidies are playing a major role in the growth of the market.

    Based on technology, the Indian electric car market has been categorized into battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), and hybrid electric vehicles (HEV). BEV category held the largest share in the Indian market, contributing over 70% sales volume in 2017.

    Based on battery, the Indian electric car market has been classified:

    • Lithium-Iron-Phosphate (LFP)
    • Lithium–Nickel–Manganese Cobalt Oxide (Li-NMC)
    • Others

    The Impact of Lockdown Extension on Electric Vehicle(EV) Sector
    Since March 24, 2020, the novel coronavirus pandemic has put brakes on India’smanufacturing industries due to the 21-days complete lockdown across the nation.The coronavirus outbreak [https://startuptalky.com/tag/coronavirus/] is havingan unanticipated impact on every sector due to disruption in …
    StartupTalkyVarad Kitey

    Others category include:

    • Lithium–Titanate Oxide (LTO) battery
    • Lithium–Nickel–Cobalt–Aluminum oxide (NCA) battery
    • Nickel–metal hydride (NiMH) battery
    • Lead-acid battery

    LFP battery-based electric car was the largest category in the market, contributing over 65% sales volume in 2017, owing to the benefits such as high current rating, thermal stability and safety levels, and long cycle life.

    Conclusion

    Union road transport & highways minister Nitin Gadkari reaffirmed India’s potential to become a major manufacturing hub for electric vehicles in the next five years. He said the world is no more interested in doing business with China, which is a very good opportunity for the Indian industry to pick up the shift in business.

  • The Impact of Lockdown Extension on Electric Vehicle(EV) Market

    Since March 24, 2020, the novel coronavirus pandemic has put brakes on India’s manufacturing industries due to the 21-days complete lockdown across the nation. The coronavirus outbreak is having an unanticipated impact on every sector due to disruption in the supply chain and production. Many sectors like Electric Vehicle(EV) Market had planned things once the lockdown would be over.

    This week, Prime Minister Narendra Modi announced the extension of lockdown till May 3, 2020. As the extension was announced, things have begun to look sceptical for various companies across industries. Due to lockdown, the manufacturing and mobility services economy has collapsed but there is still a ray of hope for the electric vehicle market in India. EV market is less impacted since the EVs do not have a large audience as compared to the traditional auto industry in India but still it’s going to affect this sector.

    The lockdown has forced the people to avoid travel which has consequently hampered people’s appetite for new purchases. Especially costly ones such as a new car. This has resulted into great loss in electric vehicle industry. This impact is going to last for months even after the virus is contained.

    At the same time, due to the extension of lockdown, the electric vehicle owners might expect service issues post lockdown and might even have to arrange the charge and discharge of their vehicles. The same goes for petrol and diesel vehicles as well for their lead-acid starter batteries. So, the problems will be on both ends.

    At the same time, due to the extension of lockdown, the electric vehicle owners also might expect service issues post lockdown and might even have to arrange the charge and discharge of their vehicles themselves. The same goes for traditional petrol and diesel vehicles as well for their lead-acid starter batteries. Many industry experts suggested that the government should use this extended lockdown period to create an exit plan.

    SMEV says Lockdown Extension is the Right Move

    Society of Manufacturers of Electric Vehicles (SMEV) – the registered association representing Indian manufacturers of electric vehicle & its components, said that extension of the lockdown is the right move taken by government. Yet, there will be certainly an adverse impact on the operations of its members for the next 1-2 months.

    SMEV Director General – Sohinder Gill describing the situation as a testing time for the whole EV industry. He also said that it is also time for its members to conserve cash, take care of workmen and utilise this time to plan ahead once the lockdown is over. Even though extension of lockdown is going to affect EV market and startups, Gill has expressed confidence that the EV industry will be able to spring back into action to recover the losses due to this shutdown.

    Sohinder Gill said in a statement, “Looking at the current situation in the country, the extension of the lockdown is the right move. Though there will be certainly an adverse impact on the operations for the next 1-2 months, I believe that we will be able to save lives of thousands and emerge as a healthier nation. I appeal to all the stakeholders in EV companies to conserve cash, take care of our workmen and utilize this time to plan ahead.”

    Most of the Indian electric vehicle (EV) industries are dependent on China for import of cells, battery and other electronic components and sensors used in electric vehicles.The EV companies & startups had initially started feeling the heat when coronavirus broke out in China and they faced component shortages. Now China is reportedly getting back into action, but manufacturing in India is still under lockdown.

    What Experts have to Say about this?

    Co-founder, CEO, Ather Energy – Tarun Mehta, “The lockdown has certainly disrupted the local supply chains and manufacturing. While demand will come down across all categories, EVs have a smaller audience in India and the impact may be lower than conventional automobile industry. The products and manufacturing aside, financing options for consumers will take precedence to enable new sales in the coming months.”

    Recently, research firm Wood Mackenzie has released a report where it predicted a 43 % contraction in the global EV industry by the end of 2020. The EV sector had just building up some serious momentum but the crisis couldn’t have come at a worse time. The big hope now is that government plans will continue to push for more electrification of the transportation sector. According to sources, sales of electric vehicles in 2019 had topped with 2.2 million sales but now this number is expected to drop by 43% to 1.3 million by the end of 2020.

    Vikrant K Aggarwal, director at EVI Technologies, also said that the entire auto sector is currently witnessing a 10% slowdown in sales. It has affected the electric vehicle industry the most as its compound annual growth rate (CAGR) is bound to suffer due to slow down in new bookings. Since the market size of electric vehicle in India is very small and thus just 1% of the total motorized vehicles run in India. Hence, EVs sector’s growth require constant nurturing.

    Sharing the ground reality of the industry, managing director at Magenta Power – Maxson Lewis said that the demand for electric vehicles is linked to overall auto demand which has been and will continue to be impacted for months. This will push the electric vehicle business investments plans out by months. Further, Lewis said that possibly this extended lockdown could also mean that traditional auto may look towards electric vehicles as the reset plan.

    Also Read: 12 Founders Shared Opinions on Strategies to Fight with Situation if the Lockdown Continues

    Impact on EV Sector of Other Countries

    The effect of the outbreak on the world’s biggest EV market -China, are already visible. Electric car sales there fell by 54% by the end of January when the epidemic really took off in the country. February sales figures are expected to be even worse, with a decline of 90%. EV sales in Europe was really an impressive that increased up by 121% on the year in January. Then, due to coronavirus outbreak, it put brakes on this.

    Electric Vehicles may rise in demand after COVI-19
    People might turn to EVs after the Pandemic

    By now, it should be clear to everyone that the fallout of the coronavirus pandemic is killing both the energy and transportation industries all over the world. Now, three months after the COVID-19 originated, China is slowly restarting its economy despite a second wave of infections knocking on its door. Europe, the second biggest market for electric cars, is in the impact of the coronavirus and the countries are seeking ways to restore their economies.

    Several Governments are Taking Efforts

    Many governments across the globe have already devised plans to grow the EV market once the pandemic is under control. The electric vehicle supply equipment (EVSE) market is predicted to witness a 10.7% CAGR during the forecast period 2020-2025 to see an increase in its revenue from $1.5 billion in 2019 to $2.7 billion in 2025.

    Apart from this, the global market is being positively impacted by the increasing sale of electric vehicles. The investments by manufacturers have increased in last 4-5 years and government support for installing such charging stations has also increased. EV battery costs are expected to be nearly halved by 2025. There are several factors that have contributed to this growth and many EV players believe that these factors will eventually lead to the exponential growth of electric vehicles.

    The government of several countries are taking efforts to install EV charging stations. For instance, the South Korean government has targeted the deployment of 10,000 fast chargers by 2022. Similarly, India has plans to install 2,700 charging stations by 2023, in cities with more than 4 million residents. In the same the same way, Canada sanctioned $4.6 million for the installation of 92 DC chargers, while the Californian government has proposed a funding of $900 million for the deployment of 250,000 charging points by 2025.

    Also Read: How Different Sectors will Resume their Operations after Lockdown?

    At present, India is still in the early stages of adoption. According to a report, the electric vehicle adoption rate is less than 1%. However, over the last two years, there has been a significant development in the electric vehicle space in India with both two-wheeler and four-wheeler launches. The government’s target of 30% electric vehicle adoption by 2030 is projected to be powered primarily by electrification of two-wheeler, three-wheeler, and commercial vehicles in India.