With the adoption of electric vehicles (e-vehicles) on a widespread scale in India, the total demand of power by the year 2030 can touch 69.6 terawatt hours, which will help the power companies to earn an extra income of $ 11 billion.
Coal dependence will be less
According to the study, an aggressive renewable energy scenario is expected to reduce carbon emissions by 40-50% compared to internal combustion engine vehicles by 2030.
However, it has also been stated in the report that if the power generation continues with the help of coal, then only 20-30% of carbon emissions are expected to come down. In studying by reducing dependence on imported coal, energy with renewable energy Increasing independence, lack of plant load factor and national grid integration has highlighted the rapid change in the country’s power and utility sector.
Emphasis on charging infrastructure
A national regulated rate has been suggested in the report, which may be applicable to all the charging stations across the country. At the same time, the government should provide an incentive for the standardization of charging infrastructure and the promotion of advanced charging technology.
The government will have to encourage
It has been said in the report that we expect the government to take active measures to simplify the regulatory challenges and will provide policy incentives to speed up the development of electric vehicles.
It has also been said that India’s electric vehicle mission depends on the development and flourishing of domestic production ecosystem, although the absence of an electric vehicle supply chain in the country demands research and development and urgent investment in local production capabilities. It has also been said in the report that in view of heavy capital investment, clear policy and guidelines are necessary for the promotion of electric vehicle market.