Will Trump’s administration impact the Indian EV market?
Prashant
02-Dec-24 12:38:30 pm IST
The US election's result has observed bittersweet reactions from all over the world. Donald Trump has once again climbed up the presidential chair by riding a worldwide wave of “right” ideology. Since the inception of his 2nd tenure, Donald Trump has already taken decisions to put “America first”. One such decision by the President-elect is to put a 25% tariff on all products imported into the US from Mexico and Canada and a 35% tariff on products from China. This hard-power decision taken by Trump has been feared by many economists throughout the world. But what are they feared about? What does it mean for India? Are EVs in India going to be more expensive? Let's find out!The DecisionIt is safe to say that the steps taken by Trump’s administration do represent the majoritarian will of the American people as he was already advocating for a 60 per cent tariff on imports from China, and 10-20 per cent on others. According to him, high tariffs will boost manufacturing in the US which will rebalance trade with other countries, and improve government finances. The President-elect announced the tariff imposition on the top trading partners of the USA–Mexico, Canada and China on the social media platform Truth Social. Earlier, the Inflation Reduction Act has already introduced various tax credits for EV companies to set up their manufacturing units in the USA. In fact, according to a report by nrdc.org, the USA has already surpassed China as the most favourable country for EV investments. Now, with the tariff hanging over, it will be interesting to note the reactions of the worldwide EV companies. The effect According to research by economists at the Peterson Institute of International Economics, Trump's policies might wind up costing the average American household more than $2,600 a year. Nonetheless, it seems that both Republicans and Democrats support the concept of increasing tariffs. Free market analysts and advocates of globalisation have shown serious concern over Trump’s decision, as the tariff wars between countries may come at a cost of inflation and global slowdown. Amid such volatility, the comparatively nascent market of electric vehicles has also come under threat. Although, as per studies, the USA only accounts for 7-10% contribution to the global supply chain of EVs, the direct repercussions will be faced by the companies who have their manufacturing or assembly units in the USA. Recent reports by Bloomberg have shown that BYD intends to reduce prices to tackle tariffs and not shift the burden on consumers. The step came after Tesla offered a price cut on its Model Y in China. BYD, the Chinese giant has been in constant competition with Tesla for the rank of No1 in worldwide sales.However, communist China provides a great government intervention to absorb the losses which the company makes in order to remain in the competition. Although this policy is not designed to serve in the long run, BYD has already reported to cut down its prices. Trump’s decision has invoked chances of potential retaliation by Mexico and China, while Canada has started negotiations. Once an advocate of free trade, the USA seems to shift its policy towards protectionist ideas, risking a global slowdown, amid the broken dispute resolution mechanism of the World Trade Organization (WTO).The USA as the third largest EV market in the world accounts for 10% of the overall global market worth, after China accounting for 60% and Europe accounting for 25%. However, in the USA, approximately 70% of the sold EVs are domestically manufactured while $19 billion worth of electric vehicles are imported, according to the USA customs clearance website. Hence, it can be said that after the tariffs, the global EV industry may be affected by at least $19 billion. Moreover, the raw material imported from other countries to manufacture EVs may also add to the losses, taking the number to another higher value. Impact on India India is an import-oriented country whose overall trade remains in deficit, however, India has a trade surplus with the USA. That said, if the inflation in the US market rises, the demand in the market will reduce, ultimately leading to a loss of a considerable amount of India’s foreign exchange. It is also interesting to note that in Trump 1.0, India has already lost its Generalised System of Preference (GSP) status which obliged a developed nation to buy certain products from a developing country. However, as per SBI, there has been a significant rise in the trade of India with the USA despite revoking the GSP status which is a good sign for the overall Indian market. With bilateral trade over $120 billion in FY24, the US continues to be India's largest trading partner, marginally surpassing India's trade with China. India's dependence on the US market has increased over the last ten years; currently, 18% of India's exports go to the US, up from 10% in 2010–11. India exports a wide range of products to the US, including engineering equipment, electronics, and textiles.The EV companies planning to launch themselves in the US market might have to change their plans. On the other hand, the earlier cut in the fed rates by the USA might indicate a good time for EV companies to go global. Hence, EV companies must navigate between this opportunity and challenge to make their way to the world. Whereas, when it comes to pricing, it is highly unlikely that any Indian EV company will significantly change the cost of its EV due to this update.
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Mahindra Charges Ahead: Unveiling India's First Homegrown Electric SUVs - XEV 9e & BE 6e
Tarpan Vyas
25-Nov-24 07:02:01 am IST
From the dawn of India’s farm mechanisation to the journey of electric vehicles, Mahindra is a well-known name in Indian markets. The company has a rich history of collaboration and teamwork shared with companies in the UK, USA, France and others which has given a legacy of customer-understanding to the company. Driving through farms, the company has entered the FIA Formula E championship as well.Keeping the pace of time, Mahindra has evolved as the world transitions to electric vehicles (EVs). When it comes to the L5 electric vehicle segment in India, Mahindra holds a dominant 41.2% market share (SIAM). Moreover, Mahindra has sold over 100,000 EVs in the past 17 months, fueled by advanced products like the Treo Plus, e-Alfa Plus, and Mahindra ZEO. Their commitment to a sustainable future is further highlighted by the UDAY NXT loyalty program, offering ₹ 20 Lakh* driver accidental insurance cover to new EV buyers. Today, we witness a significant milestone: the unveiling of India's first homegrown "Born Electric" SUVs – the XEV 9e and BE 6e.INGLO: The Foundation for Electric SupremacyThe XEV 9e and BE 6e are based on the revolutionary INGLO Electric Origin Architecture. This platform marks a high-tech departure from the past, designed from the ground up exclusively for electric vehicles. INGLO is the "Electric Origin" philosophy which breaks away from the the limitations of existing platforms and forges a path for the future of electric mobility.A key feature of INGLO is its lightweight, skateboard structure with a flat floor. This design principle, with high-density battery technology, maximizes the interior space. The design provides a roomy, comfortable cabins offering enhanced seating flexibility. The platform's modularity allows for the creation of diverse models, catering to a range of preferences – from the athletic BE 6e to the elegant XEV 9e, without compromising on performance or quality. Passengers will have a superlative driving experience – lighter, more agile, and incredibly spacious.Range Anxiety? A Thing of the PastINGLO tackles a major challenge for EVs – range anxiety. With robust battery options of 59 kWh and 79 kWh, these SUVs offer a class-leading range, putting an end to worries about frequent charging. Furthermore, INGLO utilizes advanced LFP battery chemistry and standardized cell-to-pack technology. This translates to long-lasting durability, exceptional safety, and unwavering reliability.But innovation doesn't stop there. INGLO boasts fast-charging capabilities, allowing you to charge from 20% to 80% in a mere 20 minutes using a 175 kW DC charger. Whether you're embarking on a long road trip or navigating city commutes, INGLO ensures a seamless and stress-free experience.Safety remains paramount, and INGLO prioritizes it with features like ultra-high-strength boron steel and reinforced frontal structures. This unwavering commitment to safety ensures the XEV 9e and BE 6e are built to endure, able to withstand extreme heat and rigorous crash tests, keeping you confident on every journey.Thrilling Performance, Unmatched HandlingExciting driving experiences await in both the XEV 9e and BE 6e, with INGLO providing a compact three-in-one powertrain including motor, inverter, and transmission for great performance creating power outputs in the range of 170 kW to 210 kW for rear-wheel-drive variants. The vehicles boast a semi-active suspension system for best-in-class handling, high-power steering, and brake-by-wire technology to deliver a smooth yet thrilling ride experience. In conjunction with this, INGLO will feature intelligent drive modes for turning the SUV so that it adjusts to the terrain accordingly at the touch of a button leaving the vehicle and driver in oneness.A Glimpse into the Future: Technology and DesignWhile full specifications remain under wraps, the XEV 9e and BE 6e are anticipated to be technological marvels offering luxurious comfort. The XEV 9e might feature a futuristic triple-screen dashboard layout, while the BE 6e could boast a dual-screen setup. Both models are expected to include a panoramic sunroof, a nearly square steering wheel with haptic buttons, and illuminated branding. Advanced Driver Assistance Systems (ADAS) controls are also expected to be integrated into the steering, along with toggle buttons and paddle shifters for regenerative braking. The centre console designs are likely to differ between the two models, with the XEV 9e potentially offering a third screen for the front passenger.The design language for both SUVs embraces a futuristic aesthetic, integrating sharp design elements tailored for modern EV enthusiasts. The XEV 9e could feature a connected LED light bar at the front, complemented by vertical lighting elements, a closed grille, and a sleek bonnet adorned with Mahindra's new EV-specific logo. In contrast, the BE 6e is expected to flaunt its unique identity with a BE logo at the front, alongside a design inspired by the XUV 3XO concept.Both SUVs are expected to showcase bold character lines, expansive wheel arches housing 18-inch alloy wheels, and connected LED tail lights at the rear. The BE 6e also distinguishes itself with a coupe-like roofline, enhancing its sportier appeal.A New Era DawnsMahindra & Mahindra Ltd. is currently keeping all eyes on upcoming products, putting aside the dwindling sales of its only electric model, the Mahindra XUV400, as expressed earlier by Rajesh Jejurikar, Executive Director, Auto and Farm Sectors, Mahindra and Mahindra Ltd. Thus, the XUV400, which sold 1,800 units, will not become the focus of the entire company in the electric vehicle market anymore. Rather, Mahindra will invest and allocate resources toward the two products, XEV 9e and BE 6e, which will have exclusive production lines at its Chakan set-up for these vehicles.These products redefine electric mobility as India steps into a future where electric mobility is celebrated. They drag on by virtue of their own innovative INGLO platform, cutting-edge technology, and stunning design, ensuring the most exciting and cleanest mobility experience on Indian roads. In no time, we will be able to witness these officially unveiled; till then, we can rest assured that Mahindra will always remain ahead of the game, bringing life into the future of electric mobility in India.
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Yakuza Karishma: A Budget-Friendly Electric Ride for Urban Commuters
Prashant
23-Nov-24 08:40:45 am IST
Yakuza, a company known for its resilience and hard work, has acquired a significant position in the EV industry. Among big names in the EV market, it is very common for companies to get lost in the crowd, but by defying this common trend Yakuza with its wide offering of electric vehicles has come to be known as an underdog in the industry. As a pioneering EV company with high-end manufacturing facilities across India, Yakuza is committed to providing affordable and efficient electric mobility solutions. Their latest offering, the Karishma, is a testament to this commitment, which offers a compelling proposition for budget-conscious urban commuters.A Glimpse into Yakuza's VisionYakuza, under the aegis of Maa Luxmi E-vehicle Pvt. Ltd., is working to provide more than just an EV to its users. The company stands on the vision and mission to revolutionise urban mobility. Meanwhile, with a dedicated engineering and design division certified by the International Centre for Automotive Technology (ICAT), Yakuza ensures the safety and reliability of its products along with being innovative and creative.Moreover, the company's focus on sustainability and reducing carbon emissions is encapsulated in its wide range of electric scooters and the company’s micro e-car. By offering a range of electric vehicles, including the Karishma, Yakuza empowers individuals to make eco-friendly choices without compromising on convenience or affordability.Introducing the Yakuza Karishma: A Compact Electric MarvelThe Karishma, a compact electric car, is designed to navigate the bustling city streets with ease. Its sleek design, featuring new-generation alloy wheels, a stylish grill, and bold LED DRLs, gives it a modern and eye-catching appearance.Performance-wise, the Karishma is provided with a smart start/stop system and smart gear knob for efficient operation. The Karishma draws power from a 60V 45Ah battery and drives 50 to 60 kilometres on a single charge, hence perfect for daily commutes. Provided with a one-year warranty, its 1250W electric motor gives smooth and reliable performance.Inside the cabin, the Karishma offers a comfortable and convenient driving experience. It can carry up to three passengers with a ventilated roof for better airflow. The reverse parking camera and power steering facilitate handling, while power windows add to the luxury. Moreover, there is also a small digital screen that shows the speed and battery level.A Green Choice for Urban LivingThe compact size and slow pace of the Karishma are two of its main features which provide the vehicle its unique selling point as, with a top speed of about 25 to 30 km/h and no registration requirements, it's a hassle-free choice for city commuters. Additionally, this helps to cut pollutants and transportation congestion.Selecting the Yakuza Karishma is not only a cost-effective and practical way to get around, but it's also a step towards a more environmentally friendly future. In the upcoming years, we may anticipate seeing more innovative and environmentally friendly electric vehicles as Yakuza keeps developing and growing its product line.
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Looking for EV? need loan? Get it in 5 mins that's too from Green NBFCs
Prashant
12-Nov-24 05:30:48 pm IST
Enjoying easily available loans for vehicles is a rare luxury. And when it comes to EVs, the lane gets more narrower. However, with the rise of EV financing institutions like Green NBFCs (Non-banking financing companies), financing your EV is now easier than ever before. Companies like Ecofy and evfin by Greaves many others have entered the EV financing market to offer a wholesome EV financing Ecosystem, so much so that the companies are now providing a 5-minute loan procedure!What exactly are Green NBFCs? How they are better? Green NBFCs are institutions that provide cheap and easy loans to any entity that has decided to reduce its carbon footprint. Green NBFCs are the answer to the problems customers generally face when they seek loans for their electric vehicles from regular banks. The main issues lie in the availability, process, and terms & conditions of the loans often provided by these banks. And how NBFCs are better? Simple! Because they solve these issues.How are Green NBFCs better?The Rate of Interest by these NBFCs, generally, starts from 5.99 % only, unlike the high-rate loans given by banks. Obviously, it depends on your CIBIL score. Well, some banks do provide lower interest rates, however, on average any bank takes 1-2 days for any loan approval. In contrast, a Green NBFC only takes a minimum of 5 minutes to approve your loan.Moreover, banks charge you a significant amount in the case of foreclosure but when it comes to NBFCs these charges are next to nothing and sometimes, literally nothing. In addition, financial products by green NBFCs are optimised for EV purchases, unlike banks’ general financial products for every vehicle. Sometimes due to your CIBIL score, you might not be eligible for loans in banks but NBFCs might help you out. How to claim your 5-min loan?Although all Green NBFCs follow almost the same procedure, some steps might differ or vary depending on the company. But not to worry, if you are stuck anywhere in between, just call our EVGURUS at 9099900563 and we will help you navigate through this journey. To apply for any EV loan we highly recommend you thoroughly refer to the steps mentioned below– Step1- Login to your NBFC appAfter selecting your Green NBFC, open the page and log in with your phone number to create your ID. You will receive an OTP to finalise your profile. Step2- Select VehicleAfter logging in, choose the EV which you want to buy. Assuming that you are trying to finance your EV only after selecting your preference, just search for your favourite ride for which you want to sanction your loan.Step3- Digital KYCThe NBFC app will further require you to perform the “Know Your Customer (KYC)” exercise. In this, you have to upload your documents such as an Aadhar Card, PAN card, Income Proof, an additional address verification document such as an electricity bill and some other family background details.Step 4- Bureau check Further, the app will check your CIBIL score and customise an offer for you.Step 5- Offer Generation Following the Bureau Check, you will be provided with a loan offer starting from Rate Of Interest(ROI) as low as 5.99%. Moreover, you will get to know the downpayment options which you can opt as per your requirements. Step 6- eNACH processElectronic National Automated Clearing House or eNACH is a process to verify your bank account details from which your instalments will be paid. The NBFC will first ask customers to enter their bank details and then usually sends Rs1 to the customer’s account for verification. For further authenticity, the NBFC might also ask you to upload your Digital sign and a selfie. Following the procedure and after accepting all the terms and conditions, the user can proceed to the next step.Step 7- Sanction letter- Hurray! The Loan Approved!Following the eNACH step, the NBFC institution will take a few minutes to process all the data and will provide a hand-to-hand sanction letter of loan approval. And VIOLA, We are halfway there!Step 8- Walk into your nearest showroomNow walk into your nearest showroom and show your sanction letter to the Dealer. After crosschecking all the details, submit your downpayment amount and receive a receipt for your payment. If you are planning to buy your ride online, then also you don’t have to worry a bit. You can contact the dealer in virtual mode and make all transactions online. In the end, you will just need the receipt of the downpayment, either hardcopy or softcopy no worries. Step 9- Submit the receipt & enter personal detailsThe downpayment receipt received from the dealer is further needed to be uploaded on NBFC’s platform. After uploading the receipt, the user is asked to enter personal information such as address proof, income proof and some other documents. Here, the same documents that you may have uploaded for the digital KYC will be needed again to move further.Step 10- UTR generation And just like this, your loan will be disbursed. The NBFC platform will generate a Unique Transaction Reference(UTR) as proof of loan disbursement. The customer is required to share this UTR with the dealer in order to check the completion of the transaction. Step 11- Enjoy your rideWell done! You have hit the jackpot of EV financing deals! Now roll out your brand new EV from the showroom and make your journey more beautiful than the destination!Attaboy NBFCs! Switching the commute trend from conventional gasoline-powered vehicles to electric counterparts is a challenging job. This transition of trend is further pushed by the government’s subsidy and EV companies' constant effort to provide a pocket-friendly product. However, the importance of credit-providing companies is often overlooked in this sector. It is for companies like Ecofy, and evfin by Greaves and many more to carry the responsibility of bridging the transition cost for EV enthusiasts. Creating a comprehensive ecosystem is very necessary to promote EV adoption in India and Green NBFCs with their optimised and cheap EV loans are an important stakeholder in the revolution. So if you are looking to finance your EV, then these NBFCs are worth checking out!
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Ather Fast Charging Stations in India: Locations, Numbers, and Cost
Tarpan Vyas
07-Nov-24 02:52:18 pm IST
The growing demand for cleaner, sustainable modes of transportation has fueled the rise of electric vehicles (EVs) in India. Among the front-runners in the EV two-wheeler segment is Ather Energy, a Bengaluru-based startup that has made a significant impact with its innovative electric scooters. Established in 2013 by Tarun Mehta and Swapnil Jain, Ather Energy has introduced cutting-edge electric scooters and invested heavily in building a robust charging infrastructure across India. Ather’s fast-charging stations, branded as Ather Grid, form the backbone of its efforts to make electric two-wheelers a viable and convenient option for the Indian public. This blog explores the Ather grid charging station locations, numbers, costs associated with these stations, and how these stations play a crucial role in the country's EV revolution.Ather Energy with its wide spectrum of service plans - Ather Care, Ather Care Plus, and Ather Care Max - is designed to cater to varying customer needs. These plans cover a duration of one year or 10,000 kilometres, whichever comes first, offering extensive maintenance options to ensure a seamless ownership experience. These plans provide varying levels of service, ensuring that customers can select a package tailored to their usage and preferences. This move highlights Ather’s commitment to customer satisfaction, alongside its efforts to build a robust charging infrastructure.Where are Ather Fast Charging Stations Located?Ather Energy has strategically positioned its fast-charging stations across India to ensure convenience for electric scooter users. The Ather Grid network is primarily found in metropolitan cities, tier-2 cities, and key commercial hubs, making it easier for riders to find charging points during daily commutes or longer journeys. The company has placed these stations at malls, cafes, office spaces, tech parks, gyms, and other frequently visited locations to enhance accessibility. The goal is to ensure EV riders never experience range anxiety, a common concern for electric vehicle owners.Strategically placed, these stations offer fast and reliable charging, enabling riders to quickly recharge and get back on the road. Ather Grid stations are equipped with fast chargers that drastically reduce charging time. Using the Ather Grid app, riders can locate nearby stations, get real-time charger availability, and track their sessions remotely. Charging stations are found in cities like Bengaluru, Chennai, Hyderabad, Mumbai, Pune, Delhi, Ahmedabad, and Kolkata, with Ather expanding to smaller cities. If you are not using Ather Grid App then also it’s completely alright, just instead of blindly searching “Ather charging station near me,” explore authenticated charging offered by the company itself (click here and find the Ather charging station near you). This aligns with Ather's vision of ensuring easy access to charging facilities across India, promoting the shift to electric vehicles.How Many Fast Charging Stations Does Ather Have?As of 2024, Ather Energy boasts an extensive network of fast-charging stations. With Ather Grid, the company has established over 2700+ charging points across India which is 230+ cities, and the number continues to rise as Ather aggressively expands its network. The company plans to further expand in the years to come. This makes Ather one of the leading players in terms of EV charging infrastructure in India’s two-wheeler segment.The company has strategically chosen high-traffic locations for its charging stations, ensuring that customers have access to a reliable charging solution no matter where they are in a major city. Ather's fast chargers are designed to work seamlessly with its range of scooters, offering convenience and speed to customers. Additionally, Ather continues to partner with various establishments such as restaurants, tech parks, and malls to further expand the network, making charging even more accessible to everyday commuters.Charging Costs at Ather Fast Charging StationsOne of the key advantages of Ather’s fast-charging infrastructure is its pricing model, designed to be affordable and straightforward. Initially, Ather offered free charging as a promotion for the Ather Grid network. However, as the network expanded and the adoption of electric scooters increased, Ather introduced a paid model in several locations.The charging cost typically depends on the location and type of service. As of 2024, Ather Energy offers a subscription-based model for its users, providing a set number of free charging sessions each month at Ather Grid stations. For those exceeding the free limit or without a subscription, a per-minute pricing system is in place. On average, the cost is approximately ₹15-20 per session, allowing for a top-up of about 15 km of range in 10 minutes, depending on the charge needed.Factors influencing charging costs include battery size and capacity, charging efficiency, local electricity rates, and charging speed. For frequent users, the subscription model is a cost-effective choice, while the pay-as-you-go system offers flexibility for occasional users. As Ather expands its network and more EVs hit the road, the company continuously evaluates its pricing to keep it competitive while maintaining premium charging speeds.Do Ather Fast Chargers Support Other Brand EVs?Taking the developing phase of the Indian EV industry into account, it makes less sense for companies to isolate their charging infrastructure for other electric vehicles. So, yes, you can charge other electric vehicles (EVs) that follow the IS17017 (Part 2 / Sec 7) 2023 connector standard. The standard represents a category of light electric vehicles (LEVs), vehicles i.e. electric two- and three-wheelers, and microcars. Moving a step forward, the company has also unveiled its connector technology which will enable any electric vehicle to explore “fast-charging” solutions across the country, irrespective of the brand of the electric vehicle.Moreover, in an exclusive move, Ather Energy has teamed up with Hero Vida to provide a wide range of charging stations to their users. This relationship translates into the user’s convenience in fast charging their respective electric scooter in any charging station operated by Ather or Vida. This partnership is one of its kind as the Ather Grid option does not provide the fast-charging option to other EVs; it provides just a regular charging point. However, if the user owns a Vida electric scooter, they can fast-charge their electric scooter in Ather grid. How Fast is Ather's Fast Charging?One of the standout features of Ather’s fast-charging network is its speed. Ather scooters are equipped with lithium-ion batteries that support fast charging, and the Ather Grid stations are capable of charging these batteries at 1.5 km of range per minute. This means that in just 10 minutes of charging, a rider can add approximately 15 km to their scooter’s range. This quick top-up feature is particularly beneficial for urban commuters who may need a fast charge during their daily travel or in emergencies.The fast-charging capability ensures that Ather owners can minimize downtime and quickly get back on the road. The fast-charging stations offer the convenience of charging up to 80% of the battery in about 40-50 minutes, depending on the model and the starting charge level. This makes Ather’s fast-charging network one of the most efficient for two-wheelers in India, offering a significant reduction in waiting time compared to home charging.Maintaining a premium imageJust like Nilis Bohlin’s invention of the three-point seat belt for Volvo, who launched his product patent-free, embracing safety over profit, Ather Energy can also follow this “high road”. No doubt, the R&D of Ather Energy is dedicated to promoting the charging EV infrastructure of India, the technologies like Grid Network and Connector can truly benefit the entire ecosystem. With the Ather Grid network, the company is addressing one of the key challenges in EV adoption: access to fast, reliable, and widespread charging solutions. As India continues to shift towards electric mobility, Ather Energy’s proactive approach to building a fast-charging network will likely serve as a blueprint for other companies aiming to establish their presence in the EV market.
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Battery Prices of Top EV Two-Wheelers in India: Ola, Ather, Vida, Chetak, TVS (2024 Update)
Tarpan Vyas
17-Oct-24 07:55:50 am IST
From Reels’/ Short’s comment sections to Quora and WhatsApp University, the most recurring argument given against EV adoption is that the price of the battery replacement will ultimately make your EV cost equal to its ICE counterpart. But is it really true? Not surprisingly, all such claims you come across on social media are generally based on a single philosophy i.e. “I HEARD SOMEWHERE”.No doubt, the battery is the heart of an electric vehicle, which asks for replacement after 8-10 years (approx). All over the internet, you will find various articles showing varying costs of battery replacement prices. To be honest, companies do not generally reveal their battery replacement costs for whatever reasons, but you don’t have to worry because EVINDIA is at your service. From the extensive market study, we have deduced one thing for sure, the replacement cost may vary from company to company despite the battery being of the same capacity. However, it is still possible to get a specific detailed idea about any such future expenses. In this blog, we will give you a detailed analysis of the battery-replacement cost of the major companies in the 2-wheeler electric vehicle segment so that you can make an informed choice. Battery Type & Capacity:Electric Vehicles are majorly equipped with Lithium-ion batteries whose capacities are measured in kWh (Kilowatt hours). In the two-wheeler segments, batteries generally start from 2kWh and go up to 4kWh, according to your increasing budget. As you might have suspected, the battery replacement price is higher for higher-capacity batteries. The main thing to note here is that, unlike the general perception, batteries do not get completely torn off overnight. Actually, batteries consist of multiple cells which in the course of time start to degrade and result in lower range and efficiency. Let me extinguish some of your worries here, these cells are repairable which in turn can extend your overall battery life.Now you might say “So what, we still would have to change our battery after some time” Well yes! But that doesn’t mean it is going to cost you more or equal than ICE vehicles. Let me make my case!Ola Battery Price:The 2-wheeler EV giant Ola Electric provides a range of electric vehicles, from 2kWh battery capacity to 4kWh. In the 2kWh battery segment, the company provides the Ola S1X model whose battery will cost you somewhere around ₹55,000. On the other hand, the battery of the company’s higher-performance vehicle, the Ola S1X 4kWh variant will cost around Rs ₹80,000 to ₹85,000. Each and every electric scooter of Ola Electric including the company’s flagship product Ola S1 Pro’s battery price also is between ₹87,000 to ₹90,000.Refer to the list below to learn in detail about Ola electric battery prices.Ola S1 Pro battery price: ₹87,000 to ₹90,000Ola S1 Air battery price: ₹70,000Ola S1 X (4kWh) battery price: ₹80,000 to ₹85,000Ola S1 X (3kWh) battery price: ₹70,000Ola S1 X (2kWh) battery price: ₹55,000Ola S1 X+ battery price: Similar to S1 X models, around ₹70,000Bajaj Chetak Battery Price:The legacy of “Humara Bajaj” in the electric version is well celebrated in the Indian EV industry. The company’s offering starts from 2.8kWh battery capacity in its Chetak 2901 variant and goes up to 3.2kWh in the newly launched Chetak 3201. The company provides all of its vehicles in 2 options i.e. Standard and Techpac. Techpac introduces some extra features and riding modes in your vehicle. Although the Chetak battery price does not depend on whatever option you buy, the life of the battery may vary according to the “models” on which you drive your vehicle. For the overall fleet, the Bajaj Chetak battery prices range from ₹60,000 to ₹80,000 depending on the model and its battery capacity.Ather Battery Price:The “premium” brand of the electric 2-wheeler segment, Ather Energy whose market share is consistently growing in the EV industry, when it comes to its success, has something to do with its battery management strategies. The company’s robust service centres along with its 5-year warranty (8 years extended), have been able to create trust in the audience. The company provides 2.9kWh powered electric scooters such as Ather 450X and high-performance scooters such as Ather Rizta that are powered with 3.7 kWh battery. Concerning its cost, the Ather battery prices lie under the spectrum of ₹60,000 to ₹80,000. Moreover, to know Ather battery prices in detail refer to the list below:Ather 450X (2.9 kWh): ₹65,000 to ₹70,000Ather 450X (3.7 kWh): ₹80,000Ather 450S: ₹60,000Ather Rizta: should follow Ather 450X pricing, between ₹65,000 and ₹80,000.Vida Battery Price:The Vida electric vehicles, backed by Hero Motors, are one of the top contenders in the EV industry whose products are widely appreciated and loved. So, if you too are planning to buy a Vida electric scooter and have concerns about its battery price, then don’t worry we have your back. The company provides only 2 electric vehicles, V1 Pro and V1 Plus, with 3.9 kWh and 3.4 kWh of battery capacity respectively. Both vehicles come with 2 removable batteries that can be charged at your convenience. The company provides a 5-year warranty on their electric scooter which includes 24x7 roadside assistance, Home Services and many more facilities. In case of replacement, the Hero Vida V1 Pro battery price will be ₹85,000 approximately. Whereas, the company’s other vehicle Hero Vida V1 Plus battery will cost you around ₹75,000.TVS Battery price:Another legacy brand in our EV list is TVS Motors. This company is an exception when it comes to battery capacity! What makes it so exceptional is its TVS iQube St electric scooter which comes with a non-conventional, unprecedented, 5.1kWh battery. The brand claims a whooping “real” range of 150km and provides a 3-year or 50,000 km (whichever arrives first) warranty. Well, but wait! There is a slight problem. This vehicle variant has not hit the roads yet! The company has already received orders, but the delivery date is yet to be announced. Therefore, we were not able to find a substantive range of its battery price.The company’s other electric vehicle variant, TVS iQube (3.04 kWh) is also an embodiment of perfection whose battery replacement will cost you around Rs ₹60,000 to ₹70,000. Meanwhile, if you own or are planning to own a TVS Iqube ST electric scooter then battery replacement can cost you around ₹90,000.
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Exciting Diwali Dhamaka Offers on OLA Electric Vehicles!
Bhavik
17-Oct-24 06:38:48 am IST
IntroductionAs the electric vehicle (EV) revolution gains momentum, OLA Electric Vehicles is leading the charge with some fantastic flat discount offers. If you're considering making the switch to electric, now is the perfect time to take advantage of these deals. In this post, we’ll break down the ongoing discounts available for various OLA models across different states and cities in India.Overview of OLA Electric VehiclesOLA offers a range of electric scooters designed to cater to diverse needs. From the sporty S1 Pro to the budget-friendly S1 X series, there’s something for everyone. With impressive features such as long-range batteries, smart connectivity, and eco-friendly designs, OLA EVs are paving the way for sustainable commuting.Current Offers and DiscountsHere’s a detailed breakdown of the ongoing flat discounts for various models across states and cities: Tamil Nadu (incl. Puducherry)Chennai:S1 Pro: ₹10,000S1 X 3 kWh: ₹10,000S1 X 4 kWh: ₹10,000Coimbatore:S1 Pro: ₹7,000S1 X 4 kWh: ₹7,000S1 X 3 kWh: ₹10,000Tirupur:S1 Pro: ₹7,000S1 X 4 kWh: ₹10,000S1 X 3 kWh: ₹5,000Rest of State:Discounts range from ₹5,000 to ₹10,000.Uttar PradeshLucknow:S1 Pro: ₹7,000S1 X 4 kWh: ₹10,000S1 X 3 kWh: ₹5,000Agra:S1 Pro: ₹10,000S1 X 4 kWh: ₹10,000S1 X 3 kWh: ₹8,000Rest of State:Offers range from ₹5,000 to ₹10,000.Maharashtra (incl. Goa)Pune:S1 Pro: ₹15,000S1 X 4 kWh: ₹12,000S1 X 3 kWh: ₹8,000Mumbai:S1 Pro: ₹5,000S1 X 4 kWh: ₹8,000S1 X 3 kWh: ₹8,000Rest of State:Discounts available from ₹8,000 to ₹15,000.KarnatakaBengaluru:S1 Pro: ₹20,000S1 X 4 kWh: ₹10,000S1 X 3 kWh: ₹10,000Rest of State:Discounts up to ₹10,000.GujaratAhmedabad:S1 Pro: ₹10,000S1 X 4 kWh: ₹7,000S1 Air: ₹7,000S1 X 3 kWh: ₹10,000 Rest of State:Discounts range from ₹3,000 to ₹10,000.Additional StatesRajasthan, Madhya Pradesh, Haryana, Kerala, and more: Discounts vary, typically between ₹5,000 and ₹20,000.Additional Offers (Applicable to All Regions)At OLA, they're not just about great flat discounts; they’re committed to enhancing your electric vehicle experience with a range of exciting benefits! Here’s what you can look forward to when you choose OLA Electric Vehicles.Accessory DiscountsWhy not personalize your ride? Enjoy a 20% discount on a fast charger, ensuring your OLA vehicle stays powered up and ready to go. Plus, when you purchase a buddy step, you’ll receive free accessories worth ₹1,500, which include a stylish scooter cover and a practical floor mat. It’s a great way to keep your vehicle looking sharp!Smart BenefitsOLA believes in giving our customers more than just a great vehicle. With OLA, you get lifetime free access to MoveOS+, their advanced operating system that keeps your vehicle up-to-date with the latest features. Plus, their 8-year / 80,000 KM battery warranty ensures peace of mind, letting you focus on the road ahead.And let’s not forget about charging credits! You’ll receive ₹7,000 in credits for the S1 Pro and ₹5,000 for other models—perfect for keeping your charging costs low. As a bonus, enjoy 50% off on Care+, our comprehensive vehicle maintenance plan, available at your discretion.Flexible Financing OptionsOLA recognizes that purchasing a vehicle is a significant investment, which is why they provide an instant 5% discount, up to ₹5,000, when using select bank credit card EMIs. Additionally, eligible buyers can take advantage of a no down payment option, making it more convenient than ever to drive home in your new OLA Electric Vehicle.How to Avail the DiscountsTo make the most of these offers, follow these simple steps:Contact our EVGuru on WhatsApp at 9099900547.Select your desired model and check the specific offers available in your area.Complete the inquiry process while ensuring to ask about any additional benefits or financing options.Tips for Buying an Electric VehicleResearch thoroughly: Understand the differences between models and choose one that suits your needs.Check service infrastructure: Ensure you have access to service stations in your area.Take a test drive: Experience the ride and handling of the scooter firsthand.ConclusionNow is the perfect time to consider switching to an OLA Electric Vehicle, especially with these incredible flat discount offers available across various states and cities. Don’t miss out on the opportunity to save while making an eco-friendly choice.
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The Rise of EVINDIA: Leading the Electric Vehicle Revolution in India
Tarpan Vyas
09-Oct-24 01:52:14 pm IST
Growth in the EV industry in India has been accompanied by a wide information gap between users and companies. Though many companies have come up with a number of offerings, the same was not always crystal clear and easy to understand for the customer eyeing a particular product. This challenge was further exacerbated by the fact that new technology and its applications were completely a new foray for the Indian automobile industry, hence requiring explaining to the audiences. The government subsidies at both the demand and supply end created an initial boom in the EV sector, resulting in a plethora of new EV companies entering the market. The problem had changed from "What's the choice?" to "What to choose?" With new EV companies sprouting without end at home and abroad, the challenge of making sense of the market and the decisions one must make in purchasing a vehicle became increasingly difficult. Consumers were bombarded with so much scattered and confusing information. With this glut of information, selecting the right EV turns into searching for a needle in a haystack. This is where EVINDIA steps into the picture acting as a bridge between EV companies and prospective customers, empowering consumers in their electric-mobility journey by conducting extensive research and putting in a tireless effort to build the much-needed information bridge. We dive deep into the world of EVs, bringing hands-on, in-depth knowledge on every conceivable electric two-wheeler that exists in today's marketplace. This ensures a thrilling ride while transitioning from Internal Combustion Engines to EVs, and assures well-informed and smooth sailing. EVINDIA does not stop at specifications – we go beyond the technicalities to advice that speaks to individual needs which makes your EV buying journey blemish-free. Covering every fine point like battery life, charging infrastructure, performance metrics, and which ones are more cost-effective can boggle the minds of consumers. EVINDIA breaks down these complex elements into understandable information so that the consumer may make well-informed decisions. EVINDIA, by comparing models side by side, allows any potential buyer to weigh pros against cons; hence, the right EV that will fit a purchaser's particular lifestyle or needs is acquired. Because we know that every customer's needs are different and that we must assist you in finding the best E2W, which will truly complement your day-to-day commutes, budget, and way of life.Industry Insights and Future TrendsApart from reviewing products, EVINDIA offers insight into the industry together with future trends. Being India’s largest EV marketplace, EVINDIA provides a wide array of electric vehicles to its audience with their specifications broken down to a child-understanding level.Dynamic developments in the EV space in India impart sufficient reason for consumers and stakeholders in the industry to update themselves with changing times and relevant regulatory provisions.EVINDIA offers timely updates, professional analyses of government policies, state-of-the-art technological innovations, and market dynamics in its News as well as Blog section. This foresight allows consumers to be informed not only about available products at present but also about impending trends in the EV industry.User Experiences and Community EngagementEVINDIA also nurtures community among the EV users and hence is used to share everyday user experiences and encourage community engagement. Testimonials/case studies from current owners give real insights about the benefits and challenges of owning an EV to the prospective buyer. EVINDIA provides users with the ability to share their stories and build a network of support for one another. One such example, of community engagement, is “community drives” conducted by the EVINDIA, where, people from various walks of life come together just to travel. And what’s common between them? THEY ARE ALL EV LOVERS, obviously! By creating such a user-driven community, people will not only be in a position to share knowledge but will also work at a cross-functional level in realizing sustainable transportation.Industry Leader Partnerships and registered supplierEVINDIA collaborates with EV industrial leaders to be a certified supplier of revolution-inducing EVs such as Ola Electric. Being a certified supplier helps EVINDIA provide readers with authoritative information and exposure to the latest sector developments. From collecting insights from manufacturers and analysing policymakers, EVINDIA collaborates with every other update of the EV industry to keep its patrons ahead of the EV revolution. Such partnerships would not only enable EVINDIA to provide cutting-edge insights and recommendations to the audience but also further cement its reputation as a trusted resource in the EV landscape.Advocacy of Sustainable TransportBeyond the information provision, EVINDIA is also an active advocate of sustainable transport solutions. Their mission includes the promotion of the environmental and economic gains of adopting EVs. EVINDIA envisions contributing to a greater change in society into sustainable living, having brought out the impact of electric vehicles on carbon emissions and dependency on fossil fuels to light. EVINDIA with its EV community advocates public awareness and participation aimed at the conservation of the environment. These initiatives at once inform and inspire towards a greener future.Conclusion: Join the Revolution of EVsEVINDIA has turned out to be one of the biggest milestones in India's electric vehicle revolution. This is where information gaps, like those mentioned above, are covered by the invaluable resources from EVINDIA. Therefore, customers get the power to make informed decisions and adopt green mobility with open arms. Their detailed reviews, learning materials, and community building set EVINDIA at the forefront of the EV world. While the industry of EVs continues to evolve, EVINDIA does the same for its audience, which will always be at the forefront of this transformative journey. EVINDIA has played a critical role with respect to awareness in terms of bridging this gap and also facilitating mass adoption of electric vehicles to ensure that Indians live in a greener and more sustainable future.
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How Indian future EV industry looks like: Post PM E-Drive Expectations
Prashant
05-Oct-24 05:06:59 pm IST
India is all set to play a pivotal role in the rapid transformation of the global electric vehicle (EV) market. The global market for EVs is estimated to be at $255 billion, according to a report just published by Axis Securities and is seen to take off to $2,108 billion by 2033. This would mean that it will have recorded a CAGR of around 23% during the period from 2023 to 2033. It tells us about the rising demand for mobility solutions to meet the need for cleaner alternatives, especially in countries like India, as rapid urbanisation and rising environmental concerns form the basis of their demands.Indian Electric Vehicle Market GrowthThe Indian electric vehicle market is going to grow dramatically in the coming years. Annual volume will reach as high as 10 million units by 2033 from 1.7 million units during the financial year 2023-24. This growth will be governed by various factors in the form of government policies, new product launches, cost reduction of raw materials to manufacture, and rapid technological developments.The country's EV revolution will not only be limited to 2W and 3W. In the coming decade, the adoption of electric buses, passenger vehicles, and even heavy-duty trucks is expected to pick up pace. Infrastructure improvement coupled with affordable electric vehicle models in the market are the root cause of this projected growth.Government SupportThe Indian government has played an important role in pushing EV adoption across the nation. Replenishing the exhausted FAME, which stood for Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India, the new PM E-Drive Scheme is part of several electric two-wheelers and three-wheeler subsidies totalling ₹10,900 crore, all to be released within the next two years, for a push on selling electric two, three, and four wheelers. The proposal will support the sale of 24.79 lakh two-wheelers, 3.16 lakh three-wheelers, and 14,028 e-buses by 2025.The government's new tax-friendly policy has made EVs affordable. Electric cars are taxed at a mere 5%, while hybrid vehicles pay a 28% tax, and the heavy tax of 49% is borne by the ICE vehicles. So, all these incentives have levelled the playing field for EVs, and consumers will find them increasingly accessible, driving further growth.Infrastructure Development: The Driver of GrowthThe best part that would lead to widespread EV acceptance is the robust charging infrastructure. Keeping in view this very demand, the Indian government is going to spend ₹2,000 crores in developing public EV charging stations. Of course, these funds would support the installation of 22,100 fast chargers for electric four-wheelers, 1,800 for electric buses and 48,400 for electric two and three-wheelers. This infrastructure development is even more necessary because range anxiety remains one of the most significant concerns of potential EV buyers.For example, to promote electric trucks and ambulances, ₹ 500 crores have been put towards supporting the adoption of electric trucks. Similarly, ₹ 500 crores have been allocated for hybrid and fully electric ambulances. These are not only meeting the high-rising demands for clean commercial and emergency vehicles but also indicate the long-term vision of the government as the sector-wide supports EVs.Rising Semiconductor Industry in IndiaBy far, the biggest challenge for the EV industry is indeed the availability of semiconductors. Electric vehicles are essentially run by semiconductors- everything from battery efficiency to vehicle safety systems. India has made its strides here: the country has been working relentlessly to develop its own semiconductor manufacturing capacities.The collaborations with the US, Japan, and Australia provide India a platform to establish itself as a major leader in the semiconductor sector. An example can be cited in the form of awarding the government project of setting up the semiconductor manufacturing plant to 3RrdiTech Inc., the leader in a technology house. This is very important because the government feels that for these few vital elements of electric vehicles demanded increasingly, control over the supply chain must be independently warranted.For this purpose, entry into semiconductor manufacturing can be seen as a forward-looking approach not just for the EV sector but all other dependent sectors on the technology, such as telecom and consumer electronics. If such initiatives work out well, India plans to restrict its reliance on imports and will ensure that the EV sector keeps growing free from interference by outside forces.EV Revolution in India - A Reality, Not a MythIndia's electric vehicle revolution is no more a dream, but increasingly real. At a time when the world EV market is projected to touch more than $2 trillion by 2033, India is gaining momentum in becoming one of the leaders in this space. India government policies such as the PM E-Drive Scheme, along with investment in subsidies, lowering taxes and more emphasis on infrastructure development, will see more EVs emerging on the roads in the years to come.This focus on making semiconductors domestically in India will be crucial to keeping the momentum of the Indian EV industry going. Association with global partners and further local supply chain development will reduce the costs of manufacturing even further and help India reach its ambitious targets.The future of India's EV industry is promising. Growth there has been achieved through innovation and policy support. The country continues to embrace sustainable mobility solutions, and thereby the figure for EVs on Indian roads will continue to rise, doing its part for global carbon emissions reduction and fighting climate change. The EV revolution is here, and it's only going to get bigger.
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Buy Ola S1 @49,999: Introducing BOSS – The Biggest Ola Season Sale
Prashant
05-Oct-24 04:46:58 pm IST
The festival season is the ideal time for consumers to splurge since manufacturers dangle varieties of discounts and offers. Continuing this spree, Ola Electric, India's fastest-growing electric vehicle manufacturer, announced their biggest festival sale under the banner of BOSS - Biggest Ola Season Sale. This sale promises big announcements, bigger launches, and the biggest deals, which all lead the way for consumers to embrace the electric revolution by switching over to eco-friendly electric vehicles (EVs). With this initiative, Ola is not just expecting to advance its market position but also enable customers to ride home the "BOSS" of all EVs - the Ola S1 series.This festive sale is particularly crucial as Ola Electric is entering a phase of high-simmering competition in the electric two-wheeler market and also sales decline. The continuous loss of market share by the company makes the time of this offer crucial for the company. However, this BOSS sale could turn out to be quite strategic enough to revive the interest of consumers and therefore the demand for these electric two-wheelers. Here's what the BOSS sale has in store, and why now is the perfect time to go electric with Ola:Big Announcements and Bigger DealsOla Electric has lined up some of the most attractive deals the EV market has ever seen under its BOSS sale. The most eye-catching announcement of all is the cut on the much-in-demand Ola S1X 2kwhr variant which now stands at ₹49,999 (terms and conditions applied). As this offer brings up to ₹25,000 off on the market price, it marks a new benchmark for affordable electric scooters in India. The Ola S1 X boasts impressive styling, intelligent features, and a robust performance. Thus, it is a great option for any first-time EV buyer.There is much more play with the Ola S1 range, given the sign of the biggest discounts across its portfolio beyond the S1 X. Moreover, the earlier pricey Ola S1 Pro is now available with a ₹20,000 discount and goes for ₹1,14,999. S1 Pro is the flagship from Ola and comes with more speed, more range, and more features, and this deal will appeal a lot to performance-centric electric scooter seekers.For the mid-range-seeker, there's also the Ola S1 Air available with a discount of ₹1,00,499. That cuts the original price tag by ₹7,000. This model has a light design and, with a decent on-paper range, is suitable for an urban commute. And yet more benefits for an all-rounded experienceSale does not mean cutting prices alone. Ola Electric has taken it further by offering trade-in benefits of up to ₹25,000 across its S1 range. So, an exchange bonus will reward the existing two-wheeler owners as well as trade in their old vehicle for a discount on a new Ola scooter. Additionally, access features of smart technology are also available in more advanced forms through app connectivity, navigation, and over-the-air updates for maximum user experience.Ola is also offering an extended warranty of 8 years on select models to give further peace of mind to consumers. This approach gives full confidence to the company on the durability and reliability of its electric scooters.If such concerns about charges remain, Ola to its credit has introduced fast-charging credits that could be a game-changer for city riders. With such advantages, the BOSS sale is no longer discounted but a complete package designed to make the switch to electric as convenient and inexpensive as possible. It's also a response to falling sales.It is a crucial time for Ola Electric, which has seen sales drop for months. In September 2024, the company recorded its lowest monthly sales of the year at 23,965 units, marking the second straight month of month-on-month decline. In addition, the market share for the company is as modest as 27% in September, having declined from more than 50% in April, indicating the growing level of competition in the EV space.Several factors have led to this collapse: greater competition from the traditional two-wheeler stalwarts like TVS Motor and Bajaj Auto, who came out with more modern models at competitive prices. The above companies gradually and consistently ate into the market share of Ola, so a major promotional thrust in the form of the BOSS sale was all the more imperative.The company's CEO Bhavish Aggarwal announced the BOSS sale through microblogging platform X, formerly Twitter, as a clear indicator that the company is eager to return to the market.The sale has been touted as an opportunity not only to bring new customers on board but also to reactivate old ones through special referral programs. Referral program and customer reactivationBesides these discounts and benefits, the Referral Program of Ola Electric continues, where it has been very popular among its customers. Any owner can refer friends or family to buy an Ola electric scooter, from which both the referrer and the new buyer will benefit. A referrer receives a reward worth ₹2,000, and a new customer receives a discount worth ₹1,000. Through this process, the brand promotes community engagement around the brand while offering an incentive to existing users through monetary rewards to further the sales of electric scooters from Ola.Time to Make the SwitchThis will be the perfect time for those interested in switching to electric, and they can ride home in the "BOSS" of all EVs. Whether the eco-conscious commuter or the new, cost-effective ride, something is there in Ola's BOSS for everybody. The BOSS sale represents a perfect combination of festival delight and trust-building measures by the company. No doubt, it marks an important ambition for Ola Electric in its journey to success despite strong competition in the market. Innovative models and attractive prices through a customer-first approach would help Ola Electric achieve a good bounce back during the festival season.
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Starting from Rs 60,000 only; Oben Electric Plans to Launch 4 New Electric Vehicles
Bhavik
18-Sep-24 03:35:58 pm IST
On Sept 9th the people of the world came together to celebrate World EV Day, marking the fifth anniversary of the celebration from its beginning. Well, obviously it is not a Diwali, Christmas or Thanksgiving, but the very existence of this day is based on the need to adopt a cleaner and greener commute option worldwide. One can say that this initiative is really showing its colours, as to push EV adoption further beyond, an Indian electric two-wheeler company Oben Electric has decided to push for “EV inclusivity”. The company has announced its plans to launch 4 new electric two-wheelers in the upcoming six months starting from an unprecedented price of Rs 60,000, making the transition cost practically zero. The premium-ride seeking customers have also much to look for, as the company’s offering will go up to Rs 1,50,000, providing a high-performance electric travelling partner. Oben Electric being a flag holder of the “Make in India” campaign boasts an intention to lead the charge in revolutionising India’s electric mobility landscape by offering innovative solutions to meet the rising demand of the world’s third-largest automobile industry. The upcoming vehicles underline the company’s commitment to providing sustainable, efficient and high-tech features within an affordable range. The company in its ambitious press statement has revealed that they are trying to tap into the yet-to-tap motorcycle segment of India's EV industry. Oben has observed that the motorcycle segment of the EV industry is only 30% catered while leaving the potential 70% empty. Oben with its launch of new vehicles seeks to fit into this void. By already setting a good example from its previous Rorr vehicle, launched in 2022, Oben Electric is further expected to launch these new vehicles to offer the same level of reliability and performance as equivalent to their internal combustion engine (ICE) counterparts.What does the future look like?One of the notable features of Oben Electric's new vehicles will be the LFP battery which is proven to be one of the most efficient battery technologies of the time. LFP batteries are particularly well-suited for India's challenging climatic conditions. This technology ensures that Oben Electric's vehicles can deliver reliable performance and longevity, even in extreme temperatures. Moreover, the vehicle will also feature superior heat resistance making the rides more durable and with an extended lifespan. Underlining the company’s commitment to the future, Ms. Madhumita Agrawal, Founder and CEO of Oben Electric said, “As we celebrate World EV Day, it is important to recognize the immense potential of India's electric vehicle market. With the right products and infrastructure, we can facilitate the transition from ICE to EVs with ease. At Oben Electric, we are committed to building electric vehicles that not only meet the performance expectations of our consumers but also address the demand for sustainable, cost -effective and locally manufactured solutions. We believe that with our new models, we are taking a major step toward unlocking the full potential of the EV market and making electric mobility accessible to all”, In addition, the company's strategic expansion plans include the opening of over 60 new showrooms across 12+ major cities by the end of the year. This aggressive expansion is expected to enhance accessibility and ensure a seamless ownership experience for Oben Electric customers through a robust network of after-sales support and service centres.About Oben Electric:Oben Electric is one of the companies at the forefront of the Indian electric two-wheeler market which is transforming the world of commuting. The company was established in August 2020 and is based in Bengaluru with expertise in designing, developing and manufacturing high-performance electric motorcycles and their critical components all under one roof.Taking advantage of a passionate team of technologists who have been working on electric vehicle R&D for over 25 Years, Oben Electric stands for "Design in India for the World." An exemplary approach by which innovative electric motorcycles are produced not only for Indians but also for possible self-sustaining markets worldwide.Oben Electric has always led from the front as it spearheads multiple pioneering transformations concerning how people use electric two-wheelers within India. Among others, this firm first embraced advanced battery chemistry such as LFP (Lithium Iron Phosphate) on its electric motorcycles. Compared with most other conventional battery chemistries, these offer enhanced safety attributes longer ranges and cleaner operations making them suitable for diverse climatic conditions and rough terrains across India.Further demonstrating their commitment to research and development are well over two dozen patents owned by its innovative technology alongside the EV components manufacturing division of Oben Electric.
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Why Pure EV Riders Are Switching from Traditional Vehicles
Bhavik
09-Sep-24 08:40:53 am IST
The recent budget presented by the Finance minister shows the government's priority to bolster further the face of transport transformation in India, with more and more companies and people switching to electric vehicles. Strengthening the production-linked incentive scheme, the recent budget 2024, shows the public sector making way for private entities to expand in the EV industry.Pure EV is among one of the forefront EV companies in the Indian EV ecosystem which seems all set to exploit the emerging potentials of the industry. From this potential only, the company has been able to compel riders to switch from traditional vehicles to electric vehicles.Owned by the founders Dr Nishanth Dongari and Rohit Vadera, the Pure EV has always placed itself as the front voice of sustainable transport modes. PURE is an abbreviation for Power Using Renewable Energy and has lived up to its name since its establishment. This blog posts why Pure EV riders are quickly switching from traditional Internal Combustion Engine-driven two-wheelers to electric scooters and motorcycles through the benefits and innovations that a transition would bring.Environmental ImpactOne of the major reasons behind people shifting from conventional vehicles to Pure EV scooters is the constantly degrading environment. People are more and more opting for eco-friendly transport solutions with growing concerns about global warming and air pollution in order to lessen their ecological footprint.With sustainability in mind, Pure EV electric scooters are designed to be more eco-friendly, bringing out their benefit in low pollution and energy conservation. With electricity, especially its renewables, Pure EV scooters reduce dependence on fossil fuels, which by extension translates to reduced GHG emissions. Moreover, these scooters run much more silently, reducing noise pollution in populated areas. With cities working on their sustainability and becoming eco-friendlier, the use of Pure EV scooters would be quite a pragmatic way to make an impactful realization of this dream. They have been committed to carbon shadow and successfully have done CO2 reduction by more than 49,000 tons by their consumers over the past 3 years, due to their cutting-edge technology. With this, they have also achieved a 42% reduction in lithium consumption per kilometre. This environmental awareness by riders is a personal commitment to greener living and supports the movement of combating climate change for a better future and saving the planet for posterity.Advanced Battery TechnologyEnergy storage technology has been the main focus of Pure EV since its inception. The company has successfully gained expertise in advanced Lithium battery technology. BaTrics Faraday is one of the most advanced concepts in battery management which the company has innovated. The system literally increases the battery's life and self-repairs itself for optimal operations throughout its life cycle. In this manner, it reduces the need to replace batteries very often, leading to less electronic waste, thus ensuring sustainability. Their commitment to quality battery technology is proven by their world-class pure EV 5-year battery warranty. Their cutting-edge battery technology is AIS 156 certified. The AIS 156 certification sets stringent criteria for battery performance, including capacity, lifespan, thermal stability, and charge management. By adhering to these standards, manufacturers ensure that their electric vehicles provide adequate range, long-term durability, and consistent performance. With this guarantee, consumers are given assurance in their minds about battery longevity and reliability, factors which users seek to switch from ICE vehicles to EVs.Technological AdvancementsSubstantial investments in research and development have continued to play a key role at Pure EV. The company enjoys a modern R&D facility engaged in the development and testing of electric powertrains to maintain their technologies at the cutting edge. Improvements include smart AI for better battery life and advanced electronic braking systems for better safety and control while riding, making Pure EVs more desirable.It is the mix of environmental, economic, and technological drags that push the traditional vehicles to turn towards Pure EVs. The commitment of the group towards Pure EV, advanced battery technology, a comprehensive product portfolio, and innovation in its products has led to it being at the forefront of the Indian EV market. Choosing Pure EV is the riders' smart choice in fulfilling their transportation need and supporting a greener and more sustainable India.ConclusionIn a nutshell, traditional scooters get replaced by the force of three parameters by Pure EV scooters: environmental, economic, and practical. Therefore, Pure EV scooters help people reduce their carbon footprint and contribute towards a greener planet since they are cleaner and a green way of transport compared to the ones running with fossil fuel medium. The high-end technology fitted in these scooters guarantees better performance with efficiency and reduced operational costs, which ultimately amounts to an affordable package for the customers. Additionally, the convenience offered by the charging infrastructure, as well as the features of Pure EV scooters, are at par with modern, hassle-free concepts for a convenient ride. Given the congestion faced in urban areas, the compact design and nimbleness of these scooters answer to everyday issues like traffic and parking. By choosing Pure EV, riders not only prove their trust in a better way of transportation but also become a part of the much bigger movement of sustainable living using consciousness toward the need for eco-friendly solutions and a commitment to adopt practices that shall go on to benefit the individual and the environment in its stride. Therefore, more people becoming aware of the advantages of Pure EV scooters over the traditional ones means an increase in demand. Moreover, PURE EV has also reported that their electric fleet has logged approximately a total of 1220 km to date, and 52% of their customers have driven more than 20,000km
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Top electric scooters in India with the maximum range
Tarpan Vyas
23-Aug-24 12:59:14 pm IST
The electric scooter market is quickly gaining momentum in India, due to technological developments and a buzz created by consumers for an environment-friendly mode of mobility. Electric scooters can help reduce urban pollution and greenhouse gas emissions, decreasing dependency on fossil fuels. Improvement in battery life and infrastructural support for charging make e-scooters a feasible and cost-effective replacement for urban transport. For environmental protection, embracing e-scooters goes in tandem with global trends toward a greener, more efficient mode of transport. The range, or rather, how far a scooter can travel in one full charge, is one of the features that drives the purchase decision. Here, we are going to delve into the best electric scooters available in the Indian market, those that provide the maximum range with full detail on features, performances, and benefits.5- Ather 450 ApexAther Energy is one of the brands leading this electric scooter revolution that has hit the Indian market. Well, the Ather 450 Apex has succeeded in proving that it's innovative and performance-driven by theory. Being the top-most model of the 450 series, the Ather 450 Apex has an actual true range of up to 110 km of ride on a single charge, making it one of the best available in today's market, and a certified range of up to 157km. It has a 3.7 kWh lithium-ion capacity battery, offering both sustainable performance and reliability for the 450 Apex. This means the scooter has the ability to achieve 0-40 in only 2.9 seconds, thus convenient and fast for the rider. It also caters to a 7-inch touchscreen dashboard with embedded navigation, riding statistics, and smartphone connectivity; therefore, it is issued in a way that the riders always remain connected and up to date with the information that matters most. Features such as regenerative braking, a strong chassis, and IP67-rated resistance to both water and dust allow for these gadgets to be used in different conditions on Indian roads. Ideally tailored for urban commuters who are looking for the right balance of performance, range, and smart features, Ather 450 Apex is the one to top in the electric scooter category.4-Ather RiztaThe Ather Rizta is one more fabulous product from Ather Energy, one for the want of more range and efficiency. It runs 159 km (IDC) on a single charge and is perfect for long drives along with daily commutes. Rizta includes a smart dashboard, integrated GPS, and over-the-air updates, and hence, it is user-friendly. The scooter has enough storage space and ergonomically efficient seating with enhanced suspension, which is 56 litres in total- 34 litres in the boot space and an additional 22 litres in the frunk, providing a comfortable ride at extended distances. The extended range with advanced features makes the Ather Rizta a strong competitor for whoever has an eye for a resilient and long-lasting electric scooter. It also comes with a multi-purpose charger in its boot. 3-Okinawa Okhi-90One electric scooter model of this kind available on the market is the Okinawa Okhi-90, designed particularly to give not only an excellent range but also high performance. The Okhi-90 is also perfect for long-distance drivers and riders heavily into city commuting with its range of up to 161 km on a single charge. With a high-quality 3.6 kWh removable Li-ion battery, excellent performance is provided without sacrifice at a top speed of 80 km/h and decent low-ends with strong acceleration. This e-scooter comes with a keyless remote, parking mode and a digitally informative speedometer with detailed battery voltage information. This e-scooter has maximum storage and a comfortable seating system backed up by a vast and ergonomic design, which can support the riders in longer rides too. With such a high range and advanced features, the Okinawa Okhi-90 stands out to the rider who wants an electric scooter of premium quality.2-Vida V1 ProThe Vida V1 Pro is one of the most popular electric scooters across India, with its magnificent range and advanced features. It is designed according to the needs of the modern-day urban commuter and has turned out to be a much-wanted vehicle. With a 3.94 kWh lithium-ion battery, it gets an outstanding range of up to 165 km on a single charge. The long-range alleviates one of the major concerns for any electric vehicle user, range anxiety, ensuring that riders can confidently undertake long commutes without frequent recharging. Besides a remarkable range, the Vida V1 Pro also gets a robust electric motor that allows it to reach speeds of 80 km/h and hence be useful for city rides and a little longer journeys. Sleek and functional, it also sports an easy-to-view digital dashboard displaying real-time information such as the condition of the battery, range, and riding modes. Smart connectivity options, such as Bluetooth and GPS, further enhance the riding experience with this e-scooter by keeping riders connected and easily navigable. 1- Ola S1 Pro (2nd generation)Ola Electric has moved fast to become a potent force in the electric scooter market, having a range of innovative and high-performance models. Among catching vehicles in its lineup is the not-so-humble Ola S1 Pro, an e-scooter boasting an outstanding range of up to 195 kilometres on a single charge, trumping all others in that scooter class. The 4 kWh lithium-ion battery on the S1 Pro ensures strong performance at a top speed of 115 km/h. It has a super-speeded acceleration in its hyper mode, attaining 0 to 40 km/h within 3 seconds. This scooter comes fitted with a 7-inch touchscreen display that has inbuilt navigation, music, and connectivity to a smartphone. Voice control and customizable riding modes are offered for further convenience of the user. The Ola S1 Pro also comes with dual disc brakes, brawny suspension, and ample under-seat storage for safety and comfort. With its high range, range of smart features, and performance compiled, the Ola S1 Pro is the one-stop choice for the modern-day commuter in the electric scooter.ConclusionWith improved battery technology and increasing interest from Indian consumers in green mobility, the electric scooter market is growing rapidly. The Ather 450 Apex, Ather Rizta, Vida V1 pro, Okinawa Okhi-90, and Ola S1 Pro are considered some of the top electric scooters when it comes to the maximum range offered by them, each having its features and advantages. These electric scooters not only offer great ranges but are also loaded with technologies, smart features, and a robust design that attempts to suit all tastes and purposes. Along with battery technology, the adoption of electric scooters will increase with the improved infrastructure for e-vehicles, and the whole nation slowly progress towards a greener, more sustainable era. Riders who choose from among these best electric scooters will thus enjoy a reduction in operational costs, lower emissions, and better performance—a smart and eco-friendly way of daily commuting and long-distance coverage.
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Ather Energy vs. Traditional Scooters: Cost and Performance Comparison
Bhavik
20-Aug-24 10:57:27 am IST
As India strides towards an environmentally friendly and sustainable future, electric vehicles are playing a vital role too. One player leading the charge in changing the Indian electric scooter market is Ather Energy which is once again gaining the spotlight of the Indian EV industry. Ather Energy was established in 2013 by two passionate and ambitious engineers, Tarun Mehta and Swapnil Jain. Initially, the company started with the motive to give a 100% made-in-India electric vehicle whose main focus now has been shifted towards setting a trend for innovation and progress in the electric vehicle sector. Their vehicles have changed the picture of consumer experience with their flagship models of the Ather series, which is built to outperform every other traditional scooter or other EV scooter with its style, smarts, and performance. Initial Purchase CostFor most of the consumers, the initial purchase cost remains the major factor. Traditional scooters have a lower up-front cost as compared to electric scooters. The prices of conventional ICE scooters start from ₹50,000 and go all the way up to ₹1,20,000 in India, depending on the model and brand. Ather Energy scooters, on the other hand, are expected to have a higher up-front cost, as already seen with the launch of the Ather 450X(2.9kWh) and Ather 450S, which fall within the range of ₹1.32 Lakh to ₹1.58 Lakh. Though Ather Energy electric vehicles may come with a slight premium over traditional scooters running on petrol or diesel, the savings in the long run are huge. As a matter of fact, the operational costs of an electric vehicle, particularly charging, are very low compared to fuel expenses. Besides, electric vehicles have less maintenance due to fewer moving parts. Though high in the upfront cost, saving fuel, lesser spent on servicing, and probably reduced road tax can make up for this differential investment over time. Secondly, as more electric vehicles are on the road and with time, technological improvements, and economies of scale, probably the prices may come down even more.Fuel and Energy CostsThis is one of the major advantages of electric scooters, lower fuel cost. Traditional scooters run on petrol, which is always going up in price or at best is unpredictable. The average fuel cost for an ICE scooter will be around ₹94.72 per liter, at present (rate according to date 24/07/24). In comparison, Ather Energy scooters run on electricity, which is very cheap. It costs around ₹40-50 to fully charge an Ather scooter, depending on the tariff of electricity. These savings will add up over time just on fuel due to which electric scooters are more economical in the long run.Maintenance CostsOne such area where Ather Energy scooters enjoy a distinct advantage is in maintenance. Traditional scooters require frequent servicing, like oil changes, replacement of air filters, checks on spark plugs, and so on. All these services add up to quite an amount, normally in the range of ₹1,000 to ₹2,500 per annum, depending on usage and condition of the scooter. Electric scooters, such as Ather Energy's, have reduced moving parts and do not require oil changes or any other type of routine maintenance that combustion engines do. Now, the two main areas of concern in terms of maintenance with electric scooters are the battery and the motor. Ather Energy warranty their batteries and offers comprehensive service plans that help cut down this cost even further. Hence, the yearly maintenance cost for an Ather scooter is much lower and comes out to less than ₹1,000 per annum in most cases.Performance and Ride QualityFor riders most concerned about performance, the Ather Energy scooters have got them covered. Ather scooters get very efficient and brawny electric motors that are tuned to deliver instant peak torque. For example, the Ather 450X(3.7kWh) gets a peak power of 6.4 kW and can manage 0 to 40 km/h in just 3.3 seconds, making it one of the quickest electric scooters out there in its class. Thus, acceleration and top speed on traditional scooters will always be inferior as compared to the specifications of Ather's electric scooters. Ather Energy Scooters, when speaking of ride quality, have been designed for comfort and convenience. Regenerative braking, digital instrument clusters, and smart connectivity options, these features enhance the riding experience. Traditional scooters are comfortable but miss out on the rest of these advanced features that render the ride less engaging and informative.Environmental ImpactOne of the most appealing reasons to opt for an electric scooter instead of a traditional one is the environment. Traditional scooters emit dangerous pollutants CO2, NOx, and PM. These are the causes of air pollution and global warming. The Ather Energy scooters have zero tailpipe emissions, making them eco-friendly. According to Ashwini Kumar Chaubey, Minister of Environment, Forest, and Climate Change, an additional carbon sink of 1.97 billion tonnes of CO2 equivalent has already been achieved in India. This impetus for electric vehicles is one of the significant steps taken by the government toward reducing greenhouse gases and addressing global warming. By going electric with scooters, customers bring this change and pave the way for clean air and health.Government IncentivesThe Indian government provides a lot of incentives and subsidies for electric vehicles, thereby encouraging their adoption. These benefits make buying electric scooters much more affordable, at least for the general public. For example, this scheme called FAME—Faster Adoption and Manufacturing of Electric Vehicles—provides buyers of electric vehicles with financial incentives. Many states offer their own subsidies, thus lowering the cost further. Traditional scooters do not enjoy any such benefits. With no government support, these are not so attractive when one looks at the long-term advantages that electric scooters bring. Although currently, the FAME-2 has been concluded (25-7-24) it is well anticipated that the other round of FAME subsidies will be in force soon.Charging InfrastructureOne of the major concerns in people's minds, who intend to buy electric scooters, is the availability of the charging infrastructure. Moving to tackle this challenge, Ather Energy brings on board its Ather Grid, a network of fast-charging stations set up at strategic locations across major cities in India. No hassles, quick charging at these stations ensures refuelling of scooters on the go. Besides, Ather offers home charging solutions, allowing users to charge their scooters overnight. With the advancements in battery technology and the increasing charging network, range anxiety is slowly becoming a non-issue for Ather scooter owners.ConclusionThough conventional scooters might be cheaper in terms of on-road price, Ather Energy scooters avoid these huge fuel costs with less maintenance and higher performance while being environmentally friendly. The push of the government for electric vehicles and the charging infrastructure that this brand is providing with Ather, make electric scooters a very viable option for the future. Ather Energy helps drive India toward sustainable transport. Hence, there is now a leader in the electric vehicle market, working with a comprehensive solution for the eco-conscious rider. Riding Ather Energy scooters guarantees that consumers are getting not just an investment in a high-performance vehicle but also a contribution to a cleaner and greener future.
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Top 5 Trends in the Indian Electric Vehicle Market According to EVINDIA
Mohak
02-Aug-24 12:40:56 pm IST
India has thus made an incredible journey towards green transportation that considerably lowered its carbon footprint. According to Ashwini Kumar Chaubey, Cabinet Minister of Environment, Forest, and Climate Change, "India has achieved an additional carbon sink of 1.97 billion tonnes of CO2 equivalent." This statement therefore proves how serious the country is towards its pledge against global warming by cutting down on GHGs such as CO2. Perhaps the most important measure in this regard could be the government's policy on electric vehicles. Right from consumer subsidies to incentives offered to manufacturers, the government has been at the helm of setting trends in the Indian EV market. Legacy brands and emerging startups have seized the potential of this fast-developing market. The top five trends in the Indian electric vehicle market, according to EVINDIA, are as follows: Government Initiatives and IncentivesOne of the significant steps taken by the Indian government has been enhancing the Production Linked Incentive Scheme to ensure greater domestic manufacturing of EVs and related components. This is a supply-side approach aimed at ensuring that the industry would be able to meet the rapidly rising demand for electric vehicles. It has been offering incentives for local production to enable the country to bring down its dependence on imports and build a strong EV ecosystem in the country. On the other hand, in the recently announced budget, the reduction in the subsidy amount for Faster Adoption and Manufacturing of Electric Vehicles, or FAME, is indicative of a strategic shift in focus. Launched in 2019, the second phase of the scheme, called FAME II, allocated ₹10,000 crores towards incentivizing EV adoption through subsidies and other incentives to buyers and manufacturers, respectively. The scheme was targeted to support 7,000 e-buses, 5 lahks e-3 Wheelers, 55,000 e-passenger cars, and 10 lahks e-two wheelers. These measures have made EVs more pocket-friendly for consumers and encouraged manufacturers to invest in EV technology. It is also known that the government's aspiration to ensure that at least 30% of all vehicles on Indian roads are electric by 2030 has powered massive investments in EV infrastructure, including charging stations and manufacturing units for batteries. While the FAME scheme provided much-needed impetus to demand in the initial stages by making EVs more affordable, an increasing appetite in the market for electric vehicles may indicate that demand is self-sustaining. Hence, building supply chains and augmenting production capabilities through the PLI scheme is now the focus of the government. The dual approach is hence part of a long-term trend: nourishing both the demand and supply sides of the EV market to ensure its sustainable growth and firmly establish India's leadership in the global electric mobility landscape.Advances in Battery TechnologyThe battery lies at the heart of the electric vehicle revolution. The recent past has seen remarkable performance enhancements, range increases, and price drops through technological advancement in this area for these EVs. Lithium-ion batteries have been improving at higher energy densities and increasing life expectancy; new battery technologies under development, such as solid-state and graphene-based ones, hold yet more promising improvements. But the most developed creations are those concerning sodium-ion batteries. Unlike lithium-ion batteries, this would decrease costs and difficulties with supply chains by using abundant, less expensive sodium. Pravaig shall be an innovative player in the EV market, pioneering advanced battery technology to enhance energy density, safety, and longevity. With extended ranges and faster charging times, their batteries take care of two of the most critical concerns for EV users. Then we have state-of-the-art AI-based management systems installed in the batteries that bring a sea change in the way they have been monitored and serviced till now. Complex algorithms are run over huge amounts of data, which are processed in real time to optimize the performance of the batteries and predict failures before they happen. AI-driven BMS would dynamically set charging patterns, and manage temperatures, and cell loads while extending life and improving safety. By using AI, manufacturers can ensure batteries function at their peak and hence improve overall performance and reliability in EVs quite significantly. From that perspective, these technological advances are sorely required to accelerate EV adoption and drive the transition toward a more sustainable transportation future. Improvements of this nature alleviate one of the major concerns of EV consumers which is range anxiety. Charging InfrastructureCharging infrastructure is the critical mass needed to catalyze electric vehicle adoption at scale. Against this backdrop, the government and private initiative are separately investing heavily in the development of a pan-India network of charging stations. This includes public charging stations in urban areas, along highways, and in rural areas so that it is convenient for an EV owner to charge his vehicle easily. Fast-charging and battery-swapping technologies are some of the innovations being introduced to reduce the required time for charging and further improve the overall user experience. This infrastructure development holds the key to long-distance EV travel with reduced dependence on fossil fuels.Recently, Chinese CATL revealed the Shenxing Plus, an EV battery featuring 4C ultra-fast charging capability. This new breakthrough EV battery can add 370 miles, that is 600 km, to its range in just 10 minutes, hitting an important milestone in the EV industry. It simply underlines the advances made in batteries, parallel to charging research and development, therefore pushing the quest towards more efficient and popularized charging.Private players, too, are contributing significantly to the expansion of this fast-charging network. Companies like Ather Energy and Ola Electric are investing heavily in the installation of fast-charging stations across India. Ather Grid, Ola Hyperchargers etc are designed to give the user fast, hassle-free charging that minimizes vehicle downtime of the owner and reduces range anxiety. In sum, such private initiatives combine with public efforts to really make for a robust charging ecosystem that can sustain the increasing EV count on roads. Electric mobility is very promising for the future with the development of batteries alongside expansion in fast-charging infrastructure, paving the way for sustainable and efficient transportation.Rise of Electric Two-WheelersIndia's electric vehicle market growth is not restricted to only four-wheelers; rather, e-two-wheelers have equally shown tremendous growth. With an increasing demand for an affordable and efficient mode of in-city transportation, the demand for e-scooters and motorcycles has been overwhelming. Among the leaders are Ather Energy, and Hero Electric, with their wide range of stylish, efficient, and pocket-friendly electric two-wheelers. Not only are these vehicles cost-effective, but they also help in reducing urban pollution. With developments in battery technology and increasing government support, the future can only get more exciting for electric two-wheelers in India.And as electric two-wheelers are transforming urban mobility swiftly we can see the participation of the business-to-business (B2B) sector. Companies like Zomato and gig workers have increasingly adopted electric vehicles (EVs), significantly boosting their profit margins. The lower operational costs of electric two-wheelers, owing to cheaper electricity compared to gasoline and reduced maintenance expenses, make them an attractive option for delivery services and gig economy workers. This shift not only enhances profitability but also aligns with sustainability goals, reducing carbon footprints and contributing to cleaner urban environments.Smart TechnologiesA sea change in relation to one's vehicle comes through the integration of smart technologies in electric vehicles. Smart technologies take the EV ride to a new dimension of safety, efficiency, and user-friendliness. We have AI-based features which have been at the helm of this change, bolstering a wide range of features connected with the functioning of EVs. One high-point innovation is the auto-hold feature, it automatically holds the vehicle stationary on inclines without the driver having to hold the brake continuously. This adds a degree of convenience and safety, especially in stop-and-go traffic conditions. Another breakthrough is the safety fall feature, which prevents the vehicle from turning over and turns off in case of an accidental fall, thus preventing further damage and ensuring the safety of the rider.These intelligent systems are hooked into advanced sensors and algorithms that monitor and respond to real-time conditions continuously for a seamless and secure drive. For example, AI can be involved in the optimization of battery management, the prediction of maintenance needs, and the improvement of navigation through real-time data analysis. Providing such smart technologies in the EVs would not only enhance in terms of better performance and reliability but would also highly elevate safety standards, therefore giving peace of mind to riders.We also have IoT connectivity that empowers EV users to remotely monitor the performance, battery status, and charging schedules of their vehicles through mobile apps. Advanced telematics provides real-time data for vehicle location, driving patterns, and needs for maintenance. Other safety and convenience features now standard in these vehicles are regenerative braking and smart grid integration, allowing EVs to communicate with the power grid to charge their batteries more effectively. Further development of these technologies will be sure to redefine the future of e-mobility toward smart, safer, and more efficient transportation.ConclusionThe Indian electric vehicle market is therefore growing at a fast pace. Some of the key drivers of the industry are government initiatives, technological development, and increased consumer awareness about the environment. Government policy impetus, with the involvement of incumbent brands and innovative startups, sets up a pathway toward a greener, more sustainable future. Government incentives, improvement in battery technology, growth of the charging infrastructure, electric two-wheelers gaining popularity, and smart technologies – these trends singled out by EVINDIA are those shaping the contours of the Indian EV market. Thus, these trends are going to become very instrumental in reducing India's carbon footprint and achieving its environmental goals as the country keeps marching toward sustainable transport. There is, therefore, a very bright future for electric vehicles in India with continued support from both the government and the private sector. It's not just a trend; the need for electric mobility presents a cleaner, greener, and more sustainable world. Embracing these trends will not only benefit the environment but enhance the quality of life for millions of Indians.
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The Economics of Going Electric: Cost Benefits of Choosing OLA Electric Vehicles
Mohak
31-Jul-24 10:09:36 am IST
With the world shifting towards sustainable energy solutions, the need to move towards electric vehicles is increasing dramatically. With this change, electric vehicles offer both environmental and economic advantages, directly impacting consumers. Ola Electric is one of the leading players in the Indian EV market, offering an array of electric scooters that personify this change. Ola Electric is a leading Indian EV maker that has turned the tables in the Indian electric two-wheeler market. The blog talks about the cost benefits that come as an incentive when one chooses Ola electric vehicles and gives an overall analysis of the economic advantages associated with the vehicle.Initial Investment and Purchase IncentivesWhile the upfront cost is certainly one of the most important factors in purchasing an electric vehicle, it has often tended to be marginally higher than that of traditional gasoline-powered scooters. But in the long run, it is definitely a pocket-friendly decision. Because the running costs of electric scooters are much lower than those of petrol scooters. For example, when you buy an Ola S1 X+ the running cost will be Rs.315/month (considering you travel 50km/day and electricity is Rs. 7/unit), otherwise in your regular traditional ICE vehicle will cost you up to Rs. 2850/month. In addition to this, government incentives and subsidies, however, do dramatically reduce this gap for electric scooters, including those offered by Ola. The Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme provides large subsidies to EV buyers in India, slashing the effective purchase price of an Ola Scooter. Battery Life and Replacement CostsBattery technology is viewed as the most critical part of an EV, and with that comes concerns about battery life and the associated replacement cost, these concerns are quite common among potential buyers. Branded lithium-ion batteries would endorse Ola Electric scooters with long life. The company provides warranties and assurances on battery performance that enhance consumer confidence. Ola provides a Warranty on a battery pack for 8 years or 80,000 km, whichever comes first. However, the business also offers the option to extend this warranty to 1,00,000 and 1,25,000 km for ₹5,999 + GST and ₹12,999 + GST, respectively, if you ride a lot more than that.Charging InfrastructureWith electric vehicles taking up so much of the market, a strong charging infrastructure is a must-have requirement. For this reason, Ola Electric has invested heavily in the development of a comprehensive charging network called the Ola Hypercharger Network. This ensures that the owners of its scooters conveniently get access to fast-charging stations across both urban and semi-urban areas. The cost of charging an Ola electric scooter at a public charging station is approximately ₹15 per kWh. Given that the Ola S1 X+ has a battery capacity of 3 kWh, the cost to charge is around ₹75. This vast charging infrastructure ensures that range anxiety is very minimal, while the cost benefits of owning an EV are maximized.ConclusionThe economic benefits of choosing an Ola Electric Vehicle extend beyond the price paid upfront. With their substantially reduced running and maintenance costs, government incentives, and fast-growing charging infrastructure, Ola electric scooters are making firm cases for many cost-conscious and environmentally sensitive customers. Improving battery technology and reducing costs by economies of scale will make the economic advantages of electric vehicles sharp. An Ola electric scooter allows customers to save money and also contributes towards a cleaner, greener future. Using Ola electric scooters reduces greenhouse gas emissions and dependency on fossil fuels, ensuring cleaner and more sustainable environments. In other words, the economics of going electric with Ola Electric Vehicles clearly underline an advantage in cost savings and environmental benefits, general convenience, hence making it an excellent choice for modern urban mobility.