The future of Electric vehicles (EV) seems promising, but concerns like underdeveloped charging infrastructure and high ownership costs have persisted. Further, Ev fires have also raised doubts in the next-generation automobile industry.
The absence of well-known brands like Honda, Hero MotoCorp, Yamaha, Suzuki, and Royal Enfield is another limiting element. If leading brands release their individual products, EV sales may increase significantly. Currently, only two well-known manufacturers—TVS and Bajaj—offer electronic two-wheelers. The debut of the Honda Electric Scooter in April 2023: Atomic Electric Honda Motorcycle and Scooter India (HMSI) has declared that it will begin operations in this country in April 2023 with an electric scooter.
It's unclear at this time whether this will be the eagerly anticipated Activa electrified or something else. The 29th of March will bring forth more information. It is important to note that Honda already offers a variety of electronic two-wheelers for sale in other countries. Additionally, the business will introduce flex-fuel two-wheelers in foreign markets. Some of these flex-fuel and electric cars may also be made available in India. One of the appealing options for the Indian market is an electric version of the best-selling Activa.
Honda has ambitious plans for the EV market, but Ogata stated that the company's main emphasis will remain on petrol-powered two-wheelers. It makes sense, given the size of the ICE-based two-wheeler industry, which will continue to grow for a while. A complete switch to EVs will require modifications to the entire production ecosystem and supply chain, which will take time to implement. Another limiting element is consumer psychology, as people are typically reluctant to accept new things.
With the development of more sophisticated, cost-effective, and long-lasting batteries, things are anticipated to get better for EVs in the future. There are several novel battery technologies being examined right now. Issues like range anxiety, expensive batteries, EV fires, etc., will be resolved in the event of a significant advance.