Feasibility Analysis for the Penetration of Electric Vehicles in India in Future

Abstract

Globally, there has been a paradigm shift in the automotive industry. This paper deals with the very basic issue of measuring and estimating the future energy consumption by electric vehicle (EV) in India. So, first the future analysis is made to know the electric vehicle fleet and then the future energy consumption per year is estimated for 2030 considering different scenarios of 20%, 30% and 100% electrification of vehicles, as these targets are to be achieved by the government of India. Data of automobile production has been collected from the Society of Indian Automobiles Manufacturer (SIAM) and with that trend of production the future vehicles in 2030 has been estimated. For the different categories of automobiles the battery specifications of EV by different manufacturers has been collected and the average of those is taken for the analysis. Further, the average distance driven by each vehicle is assumed and for that the energy consumption annually has been estimated. This paper also depicts the cost saving analysis which elaborates the difference in cost when the conventional vehicles are used and when EV are used. As we know that the prices of fuel are exorbitantly rising which is a huge concern for the economy of the country. This analysis will estimate that the total cost saved if100% electrification of vehicles takes place which will undeniably a colossal boost to the economy of the country.