Page 346 - Electrician - TT (Volume 2)

ELECTRICIAN - CITS

MODULE 19 : EV Charging

LESSON 117-119 : EV Scenario in India EV charging

Objectives

At the end of this lesson you shall be able to:
• explain about EV scenario in India
• state the basic theory of EV charging batteries
• state the safety requirement for EV charging.

EV Scenario in india and upcoming growth
With the increase in global warming, making environmentally friendly choices and preventing climate change are
essential. Electric vehicle (EVs) is one such ecologically friendly choice. A paradigm change is currently taking
place in the global automotive sector as it attempts to transition to alternative, less energy-intensive options. One
of the primary drivers behind India’s recent measures to accelerate the transition to e-mobility is the increase in
prices for oil imports, rising pollution, and international pledges to battle global climate change. As a result, India
committed to an aspirational goal of having at least 30% of private automobiles as EVs by 2030 at the Conference
of the Parties 26 (COP26) Summit.

Current status and future aspirations of India in the EV sector
• The Indian automobile sector ranks fifth globally and is expected to rise to third by 2030. India is the world’s
largest producer of two and three-wheelers, the second-largest manufacturer of buses, and the biggest
producer of vehicles like tractors
• Currently, the automobile industry contributes 7.1% of India’s Gross Domestic Product (GDP) and 49% of its
manufacturing GDP. This means that this significantly impacts the nation’s economy. This suggests that, as
they follow the trends, numerous auto ancillaries and associated sectors will grow along with the EV industry
in the upcoming years.

• India’s automotive industry is worth around %222 Bn, while the EV market in India is estimated to be valued at
$2 Bn by 2023 and $7.09 Bn by 2025. Further, the automotive industry accounts for 8% of all national exports.
This sector accounts for 40% of the total $31 Bn of global research and development spend [Research and
Development (R&D wing)]
• There are a total of 13, 92,265 EVs on Indian roads as on August 2022 (data by Ministry of Road Transport
and Highways, India). By 2030, this will likely increase by 45–50 Mn EVs on the road.
• Currently, the automotive sector employs around 37 Mn people, and by 2030, it aspires to generate 50 Mn
direct and indirect jobs.
• By 2030, the EV market is anticipated to reach 10 Mn annual sales, growing at a Compound Annual Growth
Rate (CAGR) of 49% between 2022 and 2030
• Between April 2000 and March 2022, the sector attracted equity inflows from Foreign Direct Investment (FDI)
of $ 32.84 Bn, or 6% of all FDI in equities during that time.
Government initiatives and achievements in this sector
Following are a few steps taken to boost the growth of the EV sector in India.

Firstly, many conventional automotive players and oil companies are investing heavily to boost EV demand to
reach the aspirational goal. To name a few, Skoda revealed its plan to produce EVs locally in India in 2021, and
Indian Oil Corporation stated its plans to create 22,000 EV charging stations over three to five years.
Secondly, the Indian government has also been implementing several programmes to encourage the growth of
electric mobility, including 100 per cent FDI through the automotive route in the EV space, incubator programmes,
shared facilities for prototyping and small-scale manufacturing, financial support through the Credit Guarantee
Scheme for Start-ups (CGSS), tax breaks, and subsidies for consumers.

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