Social, Economic and Environmental Impact ofElectric Vehicles in India

Abstract

This study gives a general overview of the social, economic, and environmental impacts of electric vehicles (EVs) in India. The growing threats of global warming, excessive petrol dependence, ever increasing prices of fuel, and driving trends are just a selection of reasons which have accelerated the development of EV since the transport sector also represents a critical percentage of greenhouse gas emission. The aim of this study is to compare and analyze the development of the EV market and the government support in making the trend and accelerating it to save the nation and the world from pollution in India. Electric vehicles have huge potential from a user perspective. In the coming years, EVs will have a very important role in smart transportation and smart cities, along with shared mobility, mass transport, etc. Therefore, more efforts to facilitate the charging process and to improve batteries are needed. In a thrust towards incentivizing new age technologies and reducing its carbon emissions to net-zero by the year 2070, India is aggressively promoting the adoption of EVs. India aims to switch 30% of private cars, 70% of commercial vehicles, and 80%of two and three-wheelers to EVs by the year 2030. Increase percentage of renewable energy in the electricity mix and prevent air pollution caused from battery manufacturing. The recommended policies can be accepted by any market globally for reducing air pollution through increased adoption of electric vehicles. The environmental considerations of electric mobility challenges exist in terms of environmental impacts generated by the rising demand for electric vehicles.