A recent Bloomberg NEF report states that only about 6 .6 percent of the total vehicles sold in the country would be electric by 2030.
While there have been multiple debates over charging infrastructure and subsidies under the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME-II) scheme, the thing is as long as affordable petrol and diesel vehicles continue to roll out, electric vehicles will have to wait. However, some segments are already moving - like the three-wheeler segment.
There’s plenty to debate on. But here are five primary reasons why electric vehicles won’t take off at least until 2025. We’ve spoken to electric vehicle entrepreneurs, infrastructure experts and pored through EV outlook reports for this one.
Charging Infrastructure: It’s a kind of chicken and egg situation. Should the charging infrastructure be set up first or should enough electric vehicles roll out to demand a charging network? Companies like Panasonic are trying to figure out the solution to this one. It is deploying a network of chargers that can cater to two-wheelers and three-wheelers.
However, the issue is different vehicles require different types of chargers and voltages. In December the government sent out a circular saying setting up charging stations is a de-licenced activity. Priority would be given to setting up charging stations at petrol pumps.
This story is from the September - October 2019 edition of Forgings Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September - October 2019 edition of Forgings Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Ford To Manufacture Batteries For Its Future Electric Vehicles
Ford and SK Innovation have signed a MoU to create a joint venture, to be called BlueOvalSK, to produce approximately 60 GWh annually in traction battery cells and array modules, starting mid-decade, with the potential to expand.
Modern technology has revolutionized aluminium forging
More than 150 years ago, Danish chemist Hans-Christian first successfully extracted aluminium from ore. At the time, the intricacies of the extraction process made aluminium a truly precious commodity.
Italian machine tool industry registers significant growth
During the first quarter of 2021, demand for Italian machine tools grew again. The UCIMU index processed by the Economic Studies Department & Business Culture of the Association showed a 48.6 % upturn in the first three months of the year compared with the same period of 2020.
Industry 4.0 - Concept of Manufacturing
Industry 4.0 refers to the concept of manufacturing where machines are augmented with wired or wireless connectivity and sensors, connected to a system that has capability to visualise the entire production line and make decisions.
Bharat Forge to set up new factory for defence business
Bharat Forge is looking to acquire 175 acres in an industrial park near Pune for Rs 240 crore which will house new factories for its defence and electric mobility business divisions.
Bharat Forge identifies two new growth drivers
Pune-based forging giant Bharat Forge has charted a course involving two new growth drivers over the next five years, involving electric vehicles (EV) and light-weighting technologies for automobiles.
Bharat Forge acquires Nouveau for Sanghvi Forgings acquisition
Forging company Bharat Forge (BFL) announced the acquisition of 100% stake in Nouveau Power & Infrastructure, a group company 100% owned by promoters of BFL.
Fully automatic closed-die forging line from SMS
Chinese automotive supplier Ningbo Xusheng Auto Technology Co., Ltd. has issued the Final Acceptance Certificate to SMS group for the new, fully automatic closed-die forging line installed at the company’s Ningbo location in the Chinese province of Zhejiang.
16 000 ton press presented for the first time
Schuler and its affiliate Farina have demonstrated the world’s largest mechanical forging line to an international group of 60 forging experts. A live video stream transmitted from the production site in Suello close to Milano showed the impressive features of the 16 000 ton press with a stroke of 600 mm in action. It will be delivered to the German company ThyssenKrupp Gerlach.
Making Steel With Solar Energy
EVRAZ North America plans construction of a long-rail mill at its Rocky Mountain Steel operation in Pueblo, Colo. This decision allows execution of an agreement for a 240-megawattsolar facility located on 1,500 acres of land at the steel mill.