The European model might be adopted for electric vehicles in India

Jun 26 2018 01:21 PM
The European model might be adopted for electric vehicles in India

India is preparing to adopt European models for electric vehicles so that the infrastructure for charging can be raised. Germany and American car manufacturers are also adopting the same model. 

According to Bloomberg's report, the Central Electricity Authority's European Combined Charging System is better and the Ministry of Energy is awaiting the approval of the Policy Commission for its implementation. India has set a target of 30% battery-powered vehicles by 2030 because the economy is constantly being harmed due to oil imports. European CCS and Japan's Chademo are lobbying for their charging technology. Deloitte India expert Shubhanshu Patnaik says that European standards are valid throughout the world and the auto industry can easily adapt to it.

Companies such as Volkswagen, Ford, General Motors, own the same model for electric vehicles. Hyundai, Chevrolet, Renault, BMW, Fiat are also following the same model. Experts say that adopting European models will not require much investment and the automobile industry will not have to make big machinery changes.

Indigenous auto companies such as Tata Motors and Mahindra and Mahindra have taken the side of the India EV standard, which was laid on European standards. Although Japan and India have joined the joint venture Maruti Suzuki system.

According to reports, the cost of the electric vehicle's infrastructure is the most important. If we can make it in India then it will get a boost in speed. Even if we import Chinese systems prepared by European standards, the cost will be favorable.

Hyundai will spend 67 billion rupees on electronic vehicles by 2020. Apart from this, Maruti is setting up a 1,851-crore Lithium Battery Plant in Gujarat. Mahindra and Mahindra have invested Rs 951 crore on EVs. More than 30 lakh petrol and diesel vehicles are being sold in the current period. Apart from this, the import bill of $ 330 billion every year comes from crude oil imports. At the same time, there are 2.39 million vehicles running on Indian roads.

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