EV is the future of mobility

Mobility solutions that are affordable, accessible, and safe have the potential to transform the Indian economy and improve the lives of citizens in both urban and rural areas. Over the next few decades, the world will regulate Electric Vehicles (EV) as an integral part of people’s lives, while displacing internal combustion engine (ICE) vehicles to improve Earth’s climatic conditions.

Government of India’s policies for boosting EV sales 

NITI Aayog has launched a number of policies under the Electric Vehicle Mobility Mission to enable a country like India to transition completely to EVs by 2030. The Government is also offering various subsidies and tax benefits to boost the sales of EVs in India. It will not be an easy task because India has a large population and educating everyone about the benefits of EVs over ICE-based vehicles will be difficult.

EV batteries need standardisation

The standardisation of batteries would make this paradigm shift easier because every EV would have the same battery, making it easier to swap regardless of which company manufactured the battery. It would be efficient for companies to reduce manufacturing costs and will forge a way to use the battery in a reusable market.

Advantages of standardisation in EV batteries

The standardisation of EV batteries has two benefits. One, because the final product will be the same from different manufacturers, manufacturers will be able to freely invest in raw materials. This will significantly reduce manufacturing costs. Second, consumers will reap significant benefits from investing in any EV, regardless of make or model. Customers are frequently faced with the dilemma of selecting a vehicle based on its battery capacity, type of charger provided, and charging duration. However, standardisation of EV batteries will eliminate this quandary; it will be a win-win situation for everyone.

Why India needs standardisation in EV batteries?

India is a developing country that, unlike developed countries such as the United States, Germany, and Russia, requires massive amounts of raw materials for manufacturing plants. As a result, the cost of raw materials becomes very important in determining the final price of the product. Standardization in the EV battery segment will significantly reduce raw material costs. These manufacturing plants have also increased pollution levels. And, as a developing country, India cannot afford to cut back on industries because it will have a negative impact on the national GDP (Gross Domestic Product). EVs are the best bet for the Government of India to reduce pollution levels and that is why the Government needs EV battery standardization to boost the sales of EVs in India.