June 3, 2020

Electric Vehicles Series:-1


1.    Electric vehicle is a vehicle which runs on the electric motor.

2.    Development in the electric vehicle segment has been rapidly increasing.

3.    Due to increasing pollution, CO2 emission use of the electric vehicle will be promoted in the coming days.

4.    In 2018-2019, Electric vehicles sold in India were 1.3 lakh units.

5.    3400 units were sold in FY 2020. Most of them were electric scooters and electric cycles

6.    China is worlds largest electric car market with the sale of 2.2 (45% of the world) million electric cars.

7.    China is followed by Europe (24%) and the United States. (22%)

8.    In India, the government has set the target to convert to EV by 2030.

9.    No of charging points all over the world are about 5.1 million by the start of 2019.

10. Use of fast charging is tremendously increasing. Three lakh fast chargers are installed in China which is about 80% of the world.

11. In the relative terms, China has only 4% of Electric cars while Norway has reached to 50%.

12. 2.2% of the global vehicle, the market is been grabbed by EV by 2019.

13. Charging station facility is been developing vigorously in China, Europe, and the U.S.

14. Global EV sales will reach up to 23 million by 2030.

15. 30% of vehicles other than two-wheelers will be electric by 2030.

16. India has set the target of deploying 2 million electric cars by 2020.

17. India has the largest market for the Electric Vehicles. Yet something needs to be improved in India.

18. India requires the rapid basic infrastructure development for electric vehicles.

19. Present EV penetration market for EV Vehicles in India is just 1%.

20. Mahindra and Mahindra is investing 18 billion in the next three years for EV production.

21. Indian Govt has reduced GST to 5% on an electric vehicle to boost its sale.

22. As of Feb 2020, registrations of 3 lakh plug-in electric cars were done in France.

23. As of Jan 2020, registrations of 305787nos of electric plug-in cars were done in Germany.

24. Germany has a stock of 16690 no’s of light-duty commercial electric vehicles as of 2018.

 

    Summary: -

1.    In 2018-2019, Electric Vehicles sold in India were 1.3 lakh units.

2.    China is the world’s largest electric car market with 45% capacity.

3.    Indian government has set a target for 100% Electric Car implementation till 2030.

4.    Three lakh fast chargers are installed in China (80% worlds capacity).

5.    Total market percentage grabbed by EV in the world is 2.2%.

 

©

Kaushik

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