Disrupting Auto Sector With Battery Bikes In India

By Author: AMO ELECTRIC BIKES
Total Articles: 7
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The automobile sector of India is ranked fifth in the world as of today, but data shows that it is expected to rise to the third position in the world by 2030. Experts believe that in the coming years, India's mobility requirements will change dramatically, which have to cater to over 130 crore citizens in the country. In the coming years, previous modes of transportation and infrastructure will be insufficient and futile. The nimble approach to this problem, as they say, can be understood and solved by the rapid adoption of EV technology or more precisely electric vehicles.
The auto sector has long been an issue with the climate advocates and at a time when catastrophic floods and drought are rampant in several regions of the planet, the need for ambitious ecology-saving steps are most anticipated by all the governing authorities of the respective countries. Starting from America to India, Russia to Brazil, China to Germany, the issues with pollution and climate change are now being strongly dealt with as scientists and authorities are now inches away from declaring a global catastrophic alarm for the whole planet.

Well, ...
... such a scenario after the Covid-19 pandemic looks embryonic and near possible, and at the same time, the lack of awareness among gullible people may put a dent in the much-needed climate-saving steps and activities. So, among the smartest moves is the introduction of electric vehicles or battery bikes in India, which are eco-friendly and have been minutely successful in derailing the conventional vehicles running on petrol and diesel. Battery bikes can include both electric bikes and Electric Scooty that are built with rechargeable Li-ion batteries in India.

3 Important Factors For Rapid Adoption Of Battery Bikes In India
According to Fitch Solutions, the US-headquartered credit rating agency, India's newly launched electric vehicle subsidies, as well as high fuel prices, would be key driving elements for increased EV adoption between 2020 and 2023, which will result in over 25 percent annual growth rate.
3 crucial factors regarding the implementation of electric bikes and

electric scooters in India are as follows –
1. The urgent need to cut carbon emissions and satisfy our climate obligations is one of India's primary development goals. EVs like e-scooty and e-bikes in India have the potential to reduce CO2 emissions by 35%.
2. Power demand has not kept pace with power-producing capacity, resulting in the sector's immature downfall despite having over a billion populations in the country. The increased use of electric vehicles may help to maintain grid reliability, power quality, and efficiency in the future. The electricity sector will benefit from the surge of power demand that will come in the shape of e-scooty and e-bikes, which will ultimately favor the power generating authorities and government itself.
3. To cover the majority of its transportation/commercial fuel demands, India now imports crude oil on a significant scale from numerous gulf countries, Iran, Russia, etc. Experts believe that implementing EV technology and products at a large scale can save over $60 billion for the Indian economy while the country can also reduce dependence on non-renewable fossil fuels by over 60%.

Hence, at this point, both EV manufacturers and the government are proactively pushing for a shared goal on electric mobility that will efficiently handle all the 3 factors mentioned above.
Should International Investors Play A Role In Shaping Battery Bikes In India?

Irrespective of India's lofty goals and dreams, India's electric vehicle sector is still in its infancy. But, when viewed from a market perspective, India is the world's biggest unexplored market, particularly in the electric bike and scooter segment. Moreover, 100 percent foreign direct investment (FDI) is also permitted in the EV industry.
The BJP government at the center also launched a PLI scheme for ACC Battery Storage Manufacturing, which aims to encourage battery production in local factories and industries. This is a part of Atmanirbhar Bharat Abhiyan (Self-Reliant India), which focuses on minimizing imports from other countries. This will provide the necessary tools and infrastructure for manufacturing electric vehicles like Electric Bikes in Inida at a large scale that will automatically lower the overall price of EVs to the end-user.

Then, there is an immense battle between the millennial entrepreneurs and startup founders who are heavily involved with innovation in the battery and power segment. “Yes, electric mobility is definitely the option but what if we reduce the charging time or bring a new form of batteries that gives more mileage”, says one entrepreneur linked with the EV industry.
Nonetheless, while the electric vehicle industry is expanding, it still has a long way to go before accomplishing the ambitious 2030 deadline, which has been set up by the Indian Federal Government. Sales may have dropped due to the lockdown but it gained traction in late June. The bottom line is that India is a promising land and there is certainly a chance yet again for the foreign investors to jump in and try bringing innovation that will satisfy all parties involved with it, including the customers and climate change division.

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