Connect with us

EV news

EV adoption poses a financial risk for India’s leading automakers, power grid needs a reboot: Imperial College study

Published

on

EV shift may strain automakers, grid: Study

The rapid proliferation of electric vehicles on Indian roads is likely to cause massive financial stress on the country’s top carmakers and place a significant burden on the country’s electricity grid, a study by Imperial College Business School, London, has found. From a wider perspective, the study analyzes ever-bigger-picture implications of India’s pivot to battery electric vehicles (BEVs), reporting that the ramifications are about so much more than just the auto industry.

That means if, by that time, EV sales with upto 25% of all vehicles sold in India (this year it’s around ~8%) automakers who continue to rely on Internal Combustion Engine (ICE) vehicles for profits could be at serious risk. This change by Tata Motors would be benefitting the EV maker owing to their stronghold in the electric vehicle market. However, Mahindra & Mahindra, which has a minor EV market share, might be less impacted. Maruti Suzuki, the country’s biggest carmaker, is likely to be most exposed if it doesn’t move aggressively into the electric vehicle market. Maruti Suzuki has yet to sell EVs, despite plans to lead the way in EV production and exports.

On the energy side, while increased EV adoption could drive an overall demand increase of up 60% in terms of electricity, they would also require a tremendous amount of upgrades to the power grid. So if India were to fulfil this higher demand by producing more coal-based electricity, some of the climate benefits of adopting EVs would be nullified. “One way to avoid that,” energy utilities will be required to invest heavily in renewable energy and modernizing the grid. The report raises one big concern about the grid possibly getting overloaded if proper planning isn’t undertaken. To mitigate this, time-of-use tariffs may be required to encourage EV charging during off-peak hours.

By 2030, the researchers estimate India will need to establish 6.7 million new charging points to meet the demand. Such an effort would demand substantial investments from the government and private sector. Public charging infrastructure in India is currently quite limited, with only around 2,000 stations available around mid-2022. By contrast, China trumped the rest of the world with a much stronger public charging infrastructure, which has had a huge impact on EV market adoption around there.

The report highlights a World Bank analysis that found developing charging infrastructure is four to seven times more effective than providing purchase subsidies in increasing EV uptake. Subsidies have also been a major factor behind EV adoption in wealthier countries but in India they mostly serve the middle and upper-middle classes, who are the main buyers of electric four-wheelers.

“If we want to procure electric vehicle market share and invest in charging infrastructure, offering sustainability-linked (financial) instruments — like bonds linked to environmental targets — is one way to incentivize (automakers) to improve market share,” the researchers said. That can mean lower interest rates for a company if it increases sales of EVs or tighter repayment terms if it misses infrastructure targets. Such an approach might also bring the auto industry’s profit motives more in line with the goal of cutting carbon emissions.

India’s EV story is also unique because of its vehicle mix. Most of the market is taken up by two- and three-wheelers using smaller batteries that can be charged with regular AC power. In contrast, for four-wheelers, different chargers may be needed like single-phase as well as three-phase AC chargers based on the battery size and onboard charging equipment of the vehicle. This diversity in requisites makes India’s EV infrastructure rollout more complicated.

An important consideration, is the electricity source that is used to recharge these vehicled. In such countries as Norway, where nearly all of electricity comes from hydroelectric sources, the environmental upside to EVs is easy to see. In India, however, a large share of electricity is still produced in coal-fired power plants. This would reduce emissions from the tailpipe in big cities, but at the generation level it might keep adding to pollution. Even so, cutting oil imports and advancing domestic EV production could continue to produce both economic and strategic dividends.

There is also concern about India’s reliance on buying raw materials for EV batteries from abroad. Lithium, cobalt, and nickel are all part of a global supply chain that’s concentrated in a relatively small group of countries — Chile, Argentina, Bolivia, Australia and China supply most of the world’s lithium. Other critical elements are dug mostly in the Congo and Indonesia. India has a very low presence in this value chain and is therefore, highly dependent on imports. The demand for lithium-ion batteries are projected to expand at a rate of greater that 30% per year, meaning that the demand for lithium will exceed 50,000 tonnes by 2030. Although alternative battery technologies are being developed, it is still uncertain whether they could be brought to market on any large scale.

India therefore has an important opportunity window where EV push could significantly reduce its carbon footprint, concludes the report. But achieving this will be heavily reliant on coordinated policy action, investment in renewables, and an expansion of charging infrastructure and smart financial tools that can reward green innovation.

Article By
Sourabh Gupta

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Blog

The Tata Sierra EV: The Return of a Legend, This Time Electric

Published

on

Tata Sierra EV: A New Electric SUV Set to Launch in 2025 or 2026

So, if you’ve been around for a while, you probably remember the Tata Sierra, right? It was one of those iconic cars from the 90s — rugged, bold, and perfect for anyone who loved hitting the road. Well, guess what? Tata Motors is bringing back the Sierra in 2025 or 2026, but this time, it will be electric. That’s right — the Tata Sierra EV is coming, and people are buzzing with excitement about it.

If you loved the Sierra back in the day, you’ll be even more excited about its electric makeover. This isn’t just a revamped version of the old model; it’s a whole new take on an iconic vehicle, packed with all the benefits of modern electric technology. Let’s dive into what makes the Sierra EV such a big deal.

What’s Special About the Tata Sierra EV?

1. The Classic Look, Now with Electric Power

The original Tata Sierra was renowned for its rugged, adventure-ready design, and from what we know so far, the Sierra EV is expected to retain that classic, bold look. The tough exterior, spacious interior, and high ground clearance will still be there, but the electric twist means it’s going to be smoother and more environmentally friendly.

We can expect the Sierra EV to have that same adventurous vibe while incorporating all the modern features that come with electric mobility. Whether you’re heading to the mountains for a weekend trip or just running errands in the city, the Sierra EV will handle it with style and ease.

2. Range That Makes It Practical for Long Drives

When it comes to electric vehicles, the range is always a big question. Luckily, Tata is working hard to make sure the Sierra EV won’t leave you stuck looking for a charging point every 100 km. Early reports suggest that the Sierra EV will likely have a range of 400 km or more on a single charge. This means you can enjoy those long drives without constantly worrying about where the next charging station is.

Plus, with fast-charging capabilities, you won’t have to waste hours waiting for the battery to fill up. It’s all about making the EV experience as convenient and hassle-free as possible.

3. Packed with Tech and Features

Now, we all love a car that’s not just about performance but also about comfort and convenience. The Sierra EV is expected to be loaded with all the tech features that make modern driving easier and more enjoyable.

We’re talking about smart navigation, driver assistance features, touchscreen infotainment systems, and even wireless charging. And since the Sierra EV will be electric, it’ll be packed with all those cool features we’ve come to expect from electric cars — like regenerative braking, smart battery management, and more.

Why the Tata Sierra EV Will Appeal to You

So, why should you be excited about the Sierra EV? Here’s the thing: Tata is making electric vehicles that aren’t just eco-friendly; they’re also practical and affordable.

The Sierra EV combines the ruggedness of the original Sierra with all the benefits of driving electric. Whether you’re someone who loves adventure, a family who needs extra space, or just someone looking for a solid, eco-friendly ride, the Sierra EV is set to tick all the right boxes.

What Does This Mean for the Electric Car Market?

The Sierra EV isn’t just a cool new car; it’s a part of the bigger picture for Tata Motors. The company is fully invested in the electric vehicle market, and the Sierra EV is one of the first in what will likely be a long line of affordable, stylish electric cars.

With more and more people in India looking for sustainable alternatives to petrol and diesel, the Sierra EV will offer an affordable electric option that doesn’t compromise on performance, space, or style. As the government pushes for greener mobility, Tata is paving the way for the future of electric SUVs in India.

What Can We Expect from Tata in the Future?

The Sierra EV is just one of many electric vehicles Tata has in the pipeline. We’ve already seen the success of the Nexon EV, and now Tata is ready to push the envelope even further. The Sierra EV will likely set the tone for what’s to come in Tata’s electric SUV lineup.

If the Sierra EV is anything like the Nexon EV, we can expect Tata to keep improving and making electric vehicles that are affordable, practical, and full of modern features.

The Future of the Tata Sierra EV Looks Bright

We’re still a few years away from the official launch of the Sierra EV, but the excitement surrounding this electric SUV is already palpable. With its rugged design, impressive range, and smart features, the Sierra EV is going to be a real competitor in the electric SUV market.

The Tata Sierra EV promises to be more than just a cool electric car; it’s part of a bigger movement toward greener, more sustainable driving. For anyone looking for a reliable, affordable electric SUV, the Sierra EV could very well be the car that leads the charge.

 

Article By
Sourabh Gupta

Continue Reading

Blog

Suzuki Access EV: A New Electric Scooter Set to Compete with the Honda Activa Electric

Published

on

Suzuki Access EV: Affordable Electric Scooter Launching in 2025

Suzuki Enters the Electric Scooter Market with the Access EV

Suzuki, a brand renowned for its reliable and fuel-efficient motorcycles and scooters, is now entering the world of electric mobility with its upcoming Suzuki Access EV. Expected to launch in 2025, this electric scooter is poised to become a significant player in India’s rapidly growing electric two-wheeler market. With the rise in demand for eco-friendly transportation, Suzuki aims to tap into the shift toward electric mobility with a scooter that combines familiarity, affordability, and modern electric technology.

India’s electric scooter market is heating up, with strong contenders like the Honda Activa Electric also making their debut. The Suzuki Access EV has big shoes to fill, but with its established reputation in the two-wheeler segment, Suzuki is well-equipped to make its mark.

Key Features of the Suzuki Access EV

1. Sleek Design and Comfort

The Suzuki Access EV will retain the classic design elements that made the Access 125 one of India’s most popular scooters, while incorporating sleek, modern changes suitable for the electric age. Expect a design that maintains the comfort and ease of use for which the Access series is known, but with enhancements to accommodate electric powertrain components.

The Access EV will come with a well-designed, comfortable seat, spacious footboard, and ergonomic riding posture, ensuring that it’s just as comfortable for long-distance commutes as it is for short city rides.

2. Battery and Range

One of the biggest concerns for any potential electric vehicle buyer is the range. The Suzuki Access EV is expected to come with a high-capacity lithium-ion battery that offers a respectable range of 80 to 100 km on a single charge. For daily city commuters, this range should be more than sufficient, offering the convenience of not needing to charge the scooter every day.

The Access EV will also feature quick charging capabilities, so riders can spend less time plugged into a charging point and more time on the road. Suzuki aims to make it as convenient as possible for users, whether they’re commuting or running errands.

3. Smart Features and Technology

In addition to its design and range, the Suzuki Access EV will come with a range of smart features to enhance the rider experience. Expect connectivity options that allow you to pair your phone with the scooter for features like real-time vehicle tracking, remote diagnostics, and battery status updates. LED lights, digital instrument clusters, and regenerative braking systems will also be part of the package, offering a smooth and high-tech riding experience.

How the Suzuki Access EV Will Compete with the Honda Activa Electric

The competition in the electric scooter segment is heating up with Honda’s Activa Electric, which is expected to launch around the same time as the Suzuki Access EV. Both brands have loyal customer bases, and their electric scooters will likely appeal to different segments of the market.

While the Honda Activa has been the undisputed leader in India’s scooter market, Suzuki brings a different set of strengths to the table. The Access EV will likely be priced competitively, giving it a strong chance of becoming a popular choice for those who want the reliability of Suzuki but are also looking for something environmentally friendly and cost-effective.

In terms of performance, both the Access EV and Activa Electric will be aiming for similar performance benchmarks, including good battery life and reliable city range. However, Suzuki’s reputation for durable scooters, combined with the added benefit of an electric motor, could give the Access EV an edge in terms of customer loyalty.

The Impact of Suzuki Access EV on the Electric Scooter Market

As the electric vehicle market in India continues to grow, the introduction of the Suzuki Access EV is a significant step forward. With government incentives for electric vehicles and growing consumer interest in eco-friendly commuting options, electric scooters are becoming a mainstream choice for many people.

The Suzuki Access EV is expected to be a game-changer in making electric scooters more accessible, affordable, and practical for the everyday commuter. By focusing on a user-friendly design, affordable pricing, and efficient battery technology, the Access EV will appeal to a wide range of customers, from those making the transition from petrol scooters to those buying their first electric vehicle.

The Future of Electric Scooters in India

The Suzuki Access EV marks a bold new step for the brand as it enters the growing world of electric mobility. With its solid reputation, affordable pricing, and smart features, the Access EV has the potential to be a strong competitor in the market alongside other popular electric scooters like the Honda Activa Electric.

As 2025 draws closer, we’ll be seeing more affordable electric options like the Access EV, which will make cleaner, greener transportation even more accessible for all. It’s an exciting time for the Indian electric vehicle market, and the Suzuki Access EV is ready to be a part of the future of eco-friendly commuting.

 

Continue Reading

Ev battery

Mahindra Expands EV Portfolio with the BE 07: A New Era of Electric Mobility

Published

on

Mahindra BE 07: The All-New Electric SUV Coming in 2025 or 2026

Mahindra’s New Electric SUV: The BE 07 is Here to Make a Splash

Mahindra’s been making some big moves lately, and if you’re a fan of SUVs, you’re going to want to pay attention. The BE 07, Mahindra’s upcoming electric SUV, is creating a lot of buzz in the auto world. Expected to roll out in 2025 or 2026, this electric ride is set to change how we think about electric vehicles (EVs) in India.

We all know Mahindra is famous for its tough, reliable SUVs. The BE 07 will be no different, but it’s got a twist — it’s electric. So, whether you’re looking for an eco-friendly car that still packs a punch or you’re just tired of rising fuel prices, this electric SUV might be exactly what you’ve been waiting for.

Why the BE 07 is Such a Big Deal

The BE 07 is more than just a regular SUV — it’s electric, which means it’s a step forward in Mahindra’s push to make green vehicles the norm. Here’s why people are so excited about it:

1. A Fresh, Modern Look

We all know Mahindra is famous for making rugged SUVs, and the BE 07 keeps that vibe alive. But it’s also got a more modern look that screams future-ready. With sleek lines and a sporty design, it’s got that futuristic appeal, but with all the muscle you’d expect from an SUV.

Whether you’re using it for city drives or heading out on a road trip, the BE 07 will stand out wherever you go.

2. Great Range for Long Drives

One of the things people are most worried about with electric cars is range anxiety — basically, how far can you go before needing a charge? Mahindra is addressing this with the BE 07, which is expected to give you a solid 400+ km on a full charge. That means you can take it on longer trips without the stress of constantly needing to find a charging station. Whether it’s a weekend getaway or a daily commute, this car’s range is more than enough.

And with fast-charging capabilities, you won’t be stuck waiting hours for a charge. Quick and efficient charging will make long drives a breeze.

Tech and Features: It’s Got Everything You Need

Electric cars are all about smart technology, and the BE 07 delivers. The car comes with all the modern features you’d expect from a high-end SUV, but with an electric twist. Expect a huge touchscreen infotainment system, smart connectivity, and advanced driver-assistance features to make your driving experience as smooth as possible.

3. Smart Features for a Smooth Drive

If you’re someone who loves having the latest gadgets in your car, the BE 07 will make you happy. It’ll have features like adaptive cruise control, lane-keeping assist, and emergency braking. These features not only make driving safer but also less stressful, especially on highways or during long drives.

The infotainment system will keep you connected to your music, calls, and navigation, so you’re never without what you need. Plus, all of this tech will be integrated into the car seamlessly, keeping everything easy to use.

Why It’s the Right Time for an Electric SUV

If you’ve been thinking about switching to electric, the BE 07 might just be the right moment. As fuel prices continue to climb, the cost of petrol and diesel is hitting us hard. But with electric vehicles, you’re looking at a much cheaper, more sustainable way to drive.

Plus, government incentives are making it easier than ever to buy an electric car. With affordable pricing and low charging costs, the BE 07 makes going green more accessible than ever before.

Who’s the BE 07 Perfect For?

This car is perfect for families, young professionals, or adventure lovers who want a car that’s tough, eco-friendly, and packed with features. If you love the idea of owning an electric SUV that’s both stylish and practical, the BE 07 is going to be a great fit. It’s spacious enough for your family, but with the kind of performance and luxury that will make every drive a pleasure.

What’s Next for Mahindra?

The BE 07 is just one of the many electric cars Mahindra plans to release. As the company continues to expand its EV portfolio, we can expect even more exciting models in the coming years. The BE 07 is just the beginning of Mahindra’s mission to revolutionize the electric vehicle market in India.

With Mahindra’s growing focus on electric mobility, the future of sustainable transportation in India is looking brighter every day. So, if you’ve been considering switching to an electric car, the BE 07 is worth keeping an eye on.

The Future of Driving Is Electric

The Mahindra BE 07 is shaping up to be an exciting, affordable, and eco-friendly option for anyone looking for an electric SUV. With great design, amazing tech, and a reliable range, it’s clear that Mahindra is stepping up its game when it comes to electric mobility.

If you’ve been thinking about making the switch to electric, the BE 07 could be the perfect vehicle for you. It’s affordable, practical, and it’s got everything you need to drive into a more sustainable future.

 

Article By
Sourabh Gupta

Continue Reading

Trending