Electric Vehicle (EVs) is a vehicle that uses electric motors for propulsion. It can be powered by battery, by using fuel cells or a generator.
The main factors of using electric vehicles are environmental friendly, it has low operating cost and helps to save environment from carbon emission.
History of Electric Vehicles:
Electric Vehicles first came into existence in the mid-19th century. Earlier they did not do well due to less, demand, high cost and low speed. But in 21st century, electric vehicles are coming in demand due to high end technology and also the biggest factor to save an environment as fuel powered vehicles are harmful to the atmosphere.
Electric Vehicles (EVs) are the future. It offers an opportunity to replace the fuels with the help of electrification and going to be one of the biggest revolution in the transportation and automobile industry. We are in the middle of this revolution where most of the vehicles are replacing as an electric vehicle in this decade.
Future of Electric Vehicle in India:
Electric Vehicles are becoming more popular day-by-day in India. The market rate of EVs are also expected to growth in country and this decade most of the vehicles in India will converting into Electric Vehicles.
Electric Vehicles are getting higher demand from people and the Government of India also implementing the promotion of EVs in the country as Customers will get Tax deduction, Reduced GST amount to only 5% on EVs, Loans of approx. 1.5 Lakhs on buying EVs, etc.
The one of the biggest automobile company Tesla Motors also plans to start their production in India. Tesla Motors decided to entering into the Indian market as the consumers has so much demand of Tesla in the Indian market. Elon Musk had indicated the company the coming to India on Twitter.
Electric Vehicle Manufacturing Companies:
As increase in demand of electric vehicles many companies like Tesla Motors, BMW, Volkswagen, Hyundai, Nissan, Uber and many more companies works for electric vehicles and manufacturing.
Many automobile companies in India like TATA Motors, Ashok Leyland, Mahindra Electric are starts manufacturing electric cars, electric trucks and buses and growing their market in this EV revolution. Companies like OLA Electric also growing their market with manufacturing Electric Bikes in the country.
The Fuel for Electric Vehicles:
Electric vehicles can operate by charging its battery and the mileage by charging the EV is as low as Rs. 1.2 to 1.4 /KM. As the rising in fuel cost everyday and due to increase in global warming, Electric Vehicles are Future.