Electric vehicles in india

1. ElectricVehiclesinIndia

2. Electricity is not only environment friendly but also saves cost in comparison to other available fuels. Thus, electric vehicles (EV) can help improve fuel economy, lower fuel costs, and reduce emissions. Typeoffuelsusedinvehicles Effectiveness of fuels in saving vehicle running cost

3. EVType&TechnologyUsed Features Hybrid Electric Vehicles (HEVs) Plug-In Hybrid Electric Vehicles (PHEVs) Battery Electric Vehicles (BEVs) Fuel Cell Electric Vehicles (FCEVs) Plug Fuel • Powered by both gasoline or diesel and electricity • Powered by both gasoline or diesel and electricity • Exclusively use battery Power • Powered primarily by hydrogen Engine • Has internal combustion (IC) engine and electric motor • Has IC engine and electric motor • Has electric motor • Only electric drive • Has electric engine that uses a mix of hydrogen and oxygen obtained from the air Battery size • Battery pack (6-12 KW) • Battery pack size is medium (12 KW-24KW) • Uses large packs of batteries (20-80 KW) • Battery Pack (30-40 KW) Charging • Battery get charged by engine and braking • Can not be plugged to grid • Battery can be charged both by electricity grid and its IC engine • Battery can be charged by connecting to electricity Grid • Battery stores energy generated from regenerative braking Range • 25 km in its all-electric Mode • 30-60 km • 300 to 500 km • 650km Emission • Emit less pollutants than conventional vehicle • Emit less pollutants than HEVs • Do not emit pollutants • Do not emit pollutants Model • Toyota Prius, Ford Fusion, Lexus CT200h • BMW i8, Mitsubishi Outlander, Volvo V60 • Tesla Model 3, Nissan Leaf, Renault Zeo, Chevrolet Bolt • Hyundai Nexo FCEV

4. ChargingOptions Type of Charging and Connectors There are three categories or types of charging: Trickle Charge, AC Charge and DC Charge. • Trickle Charge: This is slowest method of charging EV at home, using a standard (three-prong) 220V plug. It is only recommended in urgent cases, with caution and consultation with electricity providers. • AC Charge: Having a wall box installed lets user charge 3-4 times faster using AC Household Charging than trickle charge. • DC Charge: The fastest way to charge EV is at a public DC Fast charging station with power from 50kW and above. With this method one can top up their battery from 20 to 80% in approx. 40 minutes. There are also some ultra-fast charging stations that already provide more than 150kW. Type 1 Type 2 CHAdeMo Type 2 Combined Charging System (CCS) Charging type AC Charging AC Charging DC Fast Charging DC Fast Charging No. of Pins 5 7 4 9 Capacity Up to 11 KW Up to 43 KW 50 KW – 100 KW Up to 170 KW Voltage 230V 230V / 400V 500V 450V Current Rating Up to 32 A Up to 63 A 125 A 125 A

5. EVAdoptioninIndia 3,36,88,531 Saved fuel (In Litres) 94141 Fuel saving per day (In Litres) 214225 CO2 Reduction per day (In Kg.) *The numbers keep on changing on real time basis over govt. website. 176215 (As on Dec 07, 2021)* Total No. of EV Sold

6. EVSalesTrends

7. RecentEVInvestmentsinIndia Date Company Name Company Type Deal Type Investors Deal value (in US$ Mn) Details Nov-21 Euler Motors EV Manufacturer Equity QRG Holdings, ADB Ventures, Inventus Capital, Blume Ventures 10 Euler Motors Mops Up $10 Mn as Part Of $60 Mn Series B Funding Round Nov-21 Simple Energy EV Manufacturer Equity Manish Bharti of UiPath and Raghunath Subramanian, Non-executive Chairman, UiPath 21 EV maker Simple Energy gets $21 million funding Nov-21 ElectricPe EV Charging Platform Equity Blume Ventures and Micelio Fund 3 EV charging platform ElectricPe raises $3 million funding in a Seed Round Nov-21 Battery Smart EV Battery Swapping Technology Start-up Equity Blume Ventures and Orios Ventures 7 Battery Smart raises $7 million in pre-Series A funding round Oct-21 Log 9 Materials Advanced battery Manufacturer Equity Petronas Group 2 Log 9 Materials raises $2 mn in funding from Petronas Ventures Oct-21 Ather Energy E2W Manufacturer Debt Hero MotoCorp. 17.38 Ather Energy raises Rs 130 Cr from Hero Group

8. RecentEVInvestmentsinIndia(Cont.) Date Company Name Company Type Deal Type Investors Deal value (in US$ Mn) Details Oct-21 Tata Motors EV Manufacturer Equity TPG Climate, ADQ 1000 Tata Motors to raise $1 BN in its Passenger Electric Vehicle business at a valuation of upto $9.1 BN from TPG Rise Climate Oct-21 Revfin Digital e-mobility consumer lending Platform Equity Redcliffe’s Dheeraj Jain, Let’s Venture Angel Fund, Anuraag Jaipuria, Rishi Kajaria, Rahul Seth, Amit Goel, Ranjit Yadav 4 Revfin raises USD 4 mn in pre-series A funding round Oct-21 SUN Mobility EV OEM Equity Vilot 50 SUN Mobility raises $50 million from energy giant Vitol Oct-21 kWh Bikes E2W Manufacturer Equity Let’s Venture, Vijay Shekhar Sharma (PayTM CEO) 2 kWh Bikes raises USD 2 mn in seed funding round Oct-21 Ola Electric EV Manufacturer Equity Existing investors 200 Ola Electric raises $200 mn at over $5 bn valuation: Sources

9. MarketShareofTopCountries Battery Electric Vehicles (BEV) as percentage of Total Vehicle Registrations in 2020

10. India’sinitiativestoboostEVsales Initiatives Details • FAME I Scheme was launched in 2011 and unveiled in 2013. The Scheme has been extended from time to time, with the last extension allowed for a period up to 31st March 2019. • Till now total incentive amount disbursed is about Rs. 359 Crores for 2.8 Lakhs vehicles under each category of vehicles. Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME I) • In February 2021, the chief minister of New Delhi announced the Switch Delhi awareness campaign to highlight its ambitious EV policy introduced in August 2020. • The policy targets 25% electrification of vehicle sales in 2024 and 50% of all new buses to be battery electric. Switch Delhi awareness campaign • The PLI scheme was extended in November 2020 to include INR 18 billion (USD 243 million) over five years for the advanced chemistry cell battery sector along with USD 7.8 billion for the automotive sector. Production Linked Incentives Scheme (PLI) • India had budgeted USD 133 million for charging infrastructure, with a aim to install a minimum of 1 charging station every 25 km along key highways and every 100 km to accommodate Heavy-Duty Vehicles (HDVs). Charging Infrastructure • India has approved the Phase-II with an outlay of Rs.10,000 Crore for a period of 3 years commencing from 1st April 2019. • Phase-II of FAME Scheme aims to generate demand by way of supporting 7000 e-Buses, 5 lakh e-3 Wheelers, 55000 e-4 Wheeler Passenger Cars and 10 lakh e-2 Wheelers. FAME II

11. FameIIDevelopmentforEV 154 Model Available Under Fame India Scheme II 176215 (As on Dec 07, 2021) Total No. of EV Sold INR 589.79 Cr Total Incentive Amount (In INR) State Per kWh of battery capacity Max subsidy Road tax exemption Delhi Rs 5,000 Rs 30,000 100% Maharashtra Rs 5,000 Rs 25,000* 100% Meghalaya Rs 10,000 Rs 20,000 100% Gujarat Rs 10,000 Rs 20,000 50% Assam Rs 10,000 Rs 20,000 100% Bihar^ Rs 10,000 Rs 20,000 100% West Bengal Rs 10,000 Rs 20,000 100% Rajasthan Rs 2,500 Rs 10,000 NA Odisha NA Rs 5,000 100% UP No No 100% Kerala No No 50% Karnataka No No 100% Tamil Nadu No No 100% Telangana No No 100% MP No No 99% AP No No 100% Punjab^ No No 100% State Per kWh of battery capacity Max subsidy Road tax exemption Maharashtra Rs 5,000 Rs 2,50,000* 100% Delhi# Rs 10,000 Rs 1,50,000 100% Gujarat Rs 10,000 Rs 1,50,000 50% Assam Rs 10,000 Rs 1,50,000 100% Bihar^ Rs 10,000 Rs 1,50,000 100% West Bengal Rs 10,000 Rs 1,50,000 100% Odisha NA Rs 1,00,000 100% Meghalaya Rs 4,000 Rs 60,000 100% Rajasthan No No NA UP No No 75% Kerala No No 50% Karnataka No No 100% Tamil Nadu No No 100% Telangana No No 100% MP No No 99% AP No No 100% Punjab^ No No 100% State-wise incentives for electric two-wheelers State EV subsidies on electric cars and SUVs

12. IndianGovernmentRoleinEVChargingInfrastructure Charging Stations Sanctioned • Department of Heavy Industries sanctioned 3,397 charging stations under FAME-I and FAME-II: o Under FAME-I, 520 charging stations have been sanctioned in cities like Bengaluru, Chandigarh, Jaipur and NCR of Delhi and major highways such as Delhi-Chandigarh, Mumbai-Pune, Delhi-Jaipur, Delhi-Agra etc. Out of these 520 charging stations, 447 charging stations have been installed. o Under FAME-II, 2,877 charging stations have been sanctioned in 68 cities across 25 states/UTs. Letters of award for 1797 Charging Stations have been issued as on 12th Nov, 2021. In addition, Government of India have also sanctioned 1576 charging stations across 16 expressways and 9 highways and issued letters of award to selected entities accordingly.` • Refer below table for state wise financial & non-financial schemes for EV charging infrastructure players: Capital Subsidy Tax Exemption Priority Power Supply Discounted Power Tariff FAME 2 Up to 100% funding - - - Delhi Up to 100% (6K/Charging Point) 100% SGST Reimbursed - Yes Karnataka 25% (upto INR300/station) - - Yes Maharashtra INR500k/station - - - Tamil Nadu - - Yes (RE Supply) No Connection Cost Telangana - - - Yes Uttar Pradesh 25% (upto INR600/station - Yes (within 15 days) Yes Andhra Pradesh 25% (upto INR 1 M) 100% Net SGST Reimbursed Yes (within 48 hours) Yes Gujarat 25% (upto INR 1 M) - - 100% on electricity duty

13. Note: Data available for total of 574 charging stations Note: Data available for total of 574 charging stations EVChargingInfrastructureinIndia 934 Total public charging stations in India 7.89% Average monthly utilization of Stations 12:00 to 16:00 Busiest hours for charging 16.0 INR/kWh Average charging tariff Source: CEEW Source: CEEW Total = 574 charging stations Total = 574 charging stations

14. EVmodelsinIndia–4WSegment Segment Brand Logo Model Name Battery Size Charging Time (Fast/Regular) Model 4 wheeler Tata • Tata Tigor EV • 26 kWh (Lithium Ion) • Regular - 8h • Fast – 60 min • Tata Nexon EV • 30.2 kWh (Lithium Ion) • Regular - 8.5h • Fast - 60 min Hyundai • Hyundai Kona Electric • 39.2 kWh (Lithium Ion) • Regular – 6h 10 min • Fast - 57 min Mahindra • Mahindra E Verito • 21.2 kWh (Lithium Ion) • Regular – 11h • Fast - 1h 30 min Jaguar • Jaguar I-Pace • 90 kWh (Lithium Ion) • Regular – 12.9h • Fast - 2h Mercedes- Benz • Mercedes- Benz EQC • 80 kWh • Regular – 21h • Fast - 40 min

15. EVmodelsinIndia–4WSegment(cont.) Segmen t Brand Logo Model Name Battery Size Charging Time (Fast/Regular) Model 4 wheeler Audi • Audi e-tron • 91 kWh • Regular - 8.5h • Fast - 30 min • Audi RS e-tron GT • 93.4 kWh • Regular – 9.5h • Fast - 22 min • Audi e-tron GT • 93.4 kWh • Regular – 9.5h • Fast - 22 min MG • MG ZS EV • 44 kWh • Regular - 16-18h • Fast - 50 min Porsche • Porsche Taycan • 83 kWh • Regular – 8h • Fast - 40 min Strom Motors • Strom Motors R3 • 6 kWh • 3-4 hours

16. EVmodelsinIndia–2WSegment Segment Brand Brand lLogo Counts Model Name Model 2 wheeler Hero Electric 6 • Hero Electric Optima • Hero Electric Atria • Hero Electric Photon • Hero Electric Flash • Hero Electric NYX • Hero Electric Dash

17. EVmodelsinIndia–2WSegment(cont.) Segment Brand Brand lLogo Counts Model Name Model Name 2 wheeler TVS 1 • iQube Electric Bajaj 1 • Bajaj Chetak Ola 1 • Ola S1 Benling India 1 • Benling India Falcon Revolt Motors 1 • Revolt RV400 Ather 1 • Ather 450X

18. EVmodelsinIndia–2WSegment(cont.) Segment Brand Brand lLogo Counts Model Name Model Name 2 wheeler Simple Energy 1 • Simple Energy One Pure EV 2 • PURE EV Epluto • PURE EV Epluto 7G Ampere 1 • Ampere Magnus Odysse 1 • Odysse Electric Evoqis Joy e-bike 1 • Joy e-bike Monster

19. EVmodelsinIndia–2WSegment(cont.) Segment Brand Brand lLogo Counts Model Name Model Name 2 wheeler Komaki 1 • Komaki XGT KM Okinawa 4 • Okinawa iPraise+ • Okinawa PraisePro • Okinawa Ridge • Okinawa R30 Note: The list is not exhaustive, considered popular brands.

20. NewProductLaunchesinIndia Product Vehicle Type Battery Specs Other Specs Price Bounce Infinity E1 2-wheeler • Battery - 48 V, 39 Ah • Range – 85 KM • Motor Power - 1500 W • Max Speed - 65 kmph • Motor Type – BLDC • Battery Charge Time – 4 hours INR 68,999/- Euler Motors HiLoad EV 3-wheeler cargo • Battery- 12.4 kWh Li-ion pack • Range- 151 km • Payload capacity- 688 kg • Peak power- 10.96 kW • Comes with IP6 certification, making it waterproof INR 3,49,999/- Mini Cooper SE E-Car • Battery- 32.6 kWh Li-ion pack • Range- 270 km • Max power- 184 hp • 0-100 kmph time- 7.3 secs Pre-booking begins at INR 1 lakh, prices not revealed

21. NewProductLaunchesinIndia(Cont.) Product Vehicle Type Battery Specs Other Specs Price Boom Corbett 14 2-wheeler • Battery- 2.3 kW/ 4.6 kW swappable batteries • Range- 100/200 km • Top Speed- 75 km/hr • Charging time- 4 hours with standard charger and 2 hours with a fast charger INR 89,999 to 124,999 Omega Seiki Rage+ Rapid 3-wheeler • Range- 90 km+ • Battery life more than 10 years • Comes in two variants: Open Carrier Half Tray and 140 Cubic feet top body container INR 3.59 lakhs and INR 3.99 lakhs (prices above are discounted by INR 1 lakh for first 1,000 customers) BYD e6 E-Car • Battery- 71.7 kWh Li-ion pack • Range- 415 km • Top speed- 130 km/hr • Motor Output- 180 Nm INR 29.6 lakhs (ex- showroom)

22. ChallengesofOwninganEVinIndia Lack of EV charging infra • One of the most common challenges associated with owning an electric vehicle is range anxiety. Even though EV sales are seeing an uptick off late, they are being used for intra-city travelling. However, the long-haul travel issue will soon need to be addressed to increase the utilization limits of fleets and allow people to travel across city limits. Lack of Standardization • Currently, in India, all standards are being adopted and this creates a problem with supply of EV charging stations. Most cars support the CCS/CCS Type 2 charging connector standard; yet some brands follow GBT or Bharat AC/DC 001 standards. • If the government decides on implementing one standard, then auto OEMs and Electric Vehicle Supply Equipment (EVSE) providers can focus on the production of just one type of product. This results in faster manufacturing, reduced lead times and the creation of a standardized charging network system that is compatible with all EVs. Power infra upgrades • Most residential users need to determine their sanctioned load, spare capacity, and the power intake requirements of the EV charger. If there is a mismatch, then they will need to apply for increased load. This costs money. Lack of service options • EV has lesser moving parts when compared to an ICE vehicle, but the technology is something our informal service network has no knowledge. Even though most Auto OEMs have extensive service and dealer networks across India, their EV Service network is yet to reach a substantial level.

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Electric vehicles in india

Electric vehicles in india

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Electric vehicles in india

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