🚘India's auto market is making a big push for a bigger share in the electric vehicle segment. In this initiative of Tata Motors, the market of Tata Nexon electric car is already booming.
🚘Now apart from Tata, Mahindra & Mahindra is also involved in this race. Two big companies and the big issue of environment! Both these companies have so far launched electric vehicles only in the range of SUVs. In the future, their preparation is to launch vehicles in the second segment of EV.
🚘Meanwhile, on the occasion of the country's Independence Day, Ola Electric has officially informed that its first electric car for the Indian market will come in 2024.
🚘The European Commission estimates that 200 million electric cars will be on the road by 2028. Let us tell you that batteries increase the price of electric cars by 40 percent and China occupies two-thirds of the world's battery manufacturing market. The European Union is expected to increase its share of this market from the current 3 percent to 25 percent by 2028.
🚘Bhavesh Aggarwal, founder of Ola, has said that India should become the center of the EV revolution. The country has lagged behind in the semiconductor, solar, electronic and other manufacturing revolutions. While the country should have 25 percent share in the world's automotive market. If we invest today, we can lead the market of electric cells and batteries.
🚘Ola company claims that the new Ola electric car will come with a range of over 500 km on a single charge. The car is claimed to accelerate from 0-100 km/ph in less than 4 seconds. The car will be powered by the brand's in-house Li-ion battery pack. Electric cars are carbon free because of such batteries.
🚘On charging facilities, the company has also claimed to launch 100 hyperchargers in 50 major cities. EV scooters are already present in Ola Electric's market. However, many questions have been raised on their safety.
🚘Along with increasing the charging time and travel capacity of the electric vehicle industry, the biggest challenge facing the electric vehicle industry is related to the very problem it was born to solve, i.e. the environment. Electric vehicles do not directly harm the environment unlike diesel and petrol powered vehicles. But recycling of the batteries used in these is a big challenge.
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