The surge in demand for electric cars in India
Tesla, one of the top names in electronic car sectors across the world owned by none other than Elon Musk is all set to enter Indian markets and set up operations by next year. Nitin Gadkari our Union Minister for Road Transport and Highways said that a few years down the lane India would become one of the top auto hubs across the world. He stated that there is a surge in demand for electric cars in India and that many companies are trying to strive towards that goal and provide cheaper electric cars to the public. With Tesla entering the fray it would surely boost the electronic car sector in India and they would be able to provide quality cars to the public.
In recent years there has been a surge in demand for electric cars not just across our nation but across the globe. There are several factors that contribute to this increase in demand.
- As we all know patrol and diesel are nonrenewable fuels and the quantity left on earth is diminishing at an alarming pace as our population is exploding and demand for fuel keeps increasing.
- Petroleum and other fuels are one of the main causes that create air pollution. With so many vehicles coming on the road each day the pace at which its increasing is quite alarming. This is one of the reasons why many cities across the nation and globe like Delhi, Mumbai etc. are heavily polluted.
- The fuel costs these days are quite high. Electrical cars would cost less as the energy can be renewable based on the source it is from. There are spots where you can charge your car these days and the electricity is generated using solar panels so it costs less and energy is renewable.
Like mentioned above there are many advantages to electric cars being used in our country but a coin has two sides and here are a few challenges the company may face when they enter our market:
- Cost: yes, electric cars are a bit costlier than the regular cars. This is especially due to its low demand and difference in technology used. For a common man the initial price of an electric car is more compared to a petrol or diesel car.
- Lack of infrastructure: Electric cars need charging points across the city, highways, rural areas and other such places, but India currently lacks these necessary infrastructures. This can lead to major discomfort as if the car runs out of power the person can get stuck in some place.
- Efficiency: Electric cars are not yet perfect as they lack efficiency. A petrol car in its full tank can run for at least a few hundred kilometers before it runs out of fuel. On the other hand, electric cars can only run double digit numbers before it runs out of energy thus making it a necessity to charge it more often. Also speed is an issue. Electric cars (Leaving out concept cars) are slow.
With Tesla entering the market all these are set to be changed as they plan to invest a lot in the Indian market and bring about the changes that it requires. As we all know Tesla is on a different level altogether and the country can expect a lot with their entry in our nation. The above challenges are what lie ahead for the company and they will need to put their pedal to the medal in order to enter a grand one.
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