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Electric Vehicles

Charging towards
a bright future

EVs

The Future is Electric

Electric vehicles came into existence before their Internal Combustion Engine (ICE) counterparts. However, by the end of the 19th century, ICE vehicles were able to offer significantly superior performance including higher top speed and a longer driving range at a fraction of the cost. This completely transformed the automobile industry.

Why EVs?

Electric Vehicles Take Charge

A/EVs ARE SIMPLER

EVs have lesser components and live 3.5 times longer than ICE vehicles

ICE VEHICLES EVs

150

Moving Parts

24

Moving Parts

24

Wearing Parts

11

Wearing Parts

B/EVs ARE MORE POWERFUL

EVs can offer full torque at zero RPM, whereas, ICE vehicles can only operate in a certain RPM range. Thus at lower speeds, EVs are more powerful

C/EVs ARE SMARTER

Electric powertrains are electronically driven whereas ICE vehicles have a higher number of mechanical components as part of their powertrains. EVs are the first enabling step in the overarching automobile disruption

Connected
Autonomous
Shared
Electric

Why EVs?

EVs Have Begun to Make Economic Sense

TOTAL COST OF OWNERSHIP

Electric vehicles have a significantly higher upfront cost, as compared to ICE vehicles, largely on account of battery costs. On the other hand, the operating costs for an EV are much lower.

Thus, Total Cost of Ownership (TCO) is an important and correct assessment of economic comparison between ICE vehicles and EVs.

Indian EV Ecosystem

India Races Ahead An interplay demanding
coherent development

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Indian EV Ecosystem

An EVolving
Market There are four critical factors
that will drive Electric Vehicle
penetration in India over the
next decade -

A/

Policy

B/

charging
INFRASTRUCTURE

C/

BATTERY
Cost

D/

SUPPLY CHAIN
Localization

Indian EV Ecosystem

An EVolving
Market
Policy, charging infrastructure,
battery price and supply chain
localization will impact TCO and
adoption of EVs in India -

EV Adoption and Market Size by FY25

2 W

(IN INR)

0 Billion

3 W

0 Billion

E-Rick

0 Billion

4 W

0 Billion

Bus

0 Billion

= 0 Billion

A Sustainable Future

A New Beginning

THE DAWN OF CLEAN
ENERGY DISRUPTION

It is apt to put the EV transformation in context with the larger picture of clean energy disruption. Today, solar energy has become more economical than thermal power plants, something that was unimaginable 10 years ago.

Electric vehicles are not just about disrupting the ICE automobile regime. They are part of the larger disruption in energy and transportation.

The way of living is going to transform and EVs will be an essential part of the new way of life.

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