High prices and quality concerns becoming hurdles in front of electric vehicles

New Delhi: While the country is witnessing a significant growth in electric two-wheelers, the adoption of EV passenger four-wheelers is hampered due to high prices, range concerns and EV quality. High cost remains a significant challenge for automakers looking to launch EVs in India. Range is also a significant concern for Indian customers due to inadequate availability of charging stations.

To address this issue, companies like Sun Mobility, BatterySmart, Race Energy, Pneumocity, ChargeUp, Bounce Infinite and Sheru are offering battery swapping services mainly for two-wheelers.

According to industry experts, after the success of NIO’s battery swapping model, some companies are trying to replicate it in the Indian passenger car market.

Nearly 50 percent of Indian consumers are now ready to buy an EV, while 54 percent of consumers are now more concerned about EV quality.

According to John Martin, Analyst, Smart Mobility Practice, CMR, potential consumers for EVs are more concerned about overall EV quality.

EV quality doesn’t just include exterior build quality, Martin said, but refers to the overall quality of internal components, including batteries and others.

Upstream R&D in battery development, along with ongoing policy thrust at the central and state levels for the development of EV infrastructure, will ensure a significant increase in e-mobility.

For OEMs, the focus should be on creating continuous awareness about the quality and potential of EVs, Martin said.

The CMR analyst said, however, to ensure a smooth transition to EVs and provide long-term value to customers, improving battery technology, expanding charging infrastructure, and standardizing charging sockets with faster recharging will reduce purchase costs. It’s important to do.

According to a report by RedSeer, though the benefits of switching to electric two-wheelers are clear, ‘range anxiety’ is the most prevalent barrier among consumers, which has several challenges to overcome.

The range offered by most electric two-wheelers in the market is much higher than the average range, which is around 25 km, with 90 per cent users traveling less than 50 km/day, said Aditya Agarwal, partner, Redseer Strategy Consultants . However, a long journey still remains a challenge in the minds of electric two-wheeler owners.

Though the purchase cost of electric two-wheelers is slightly higher, they prove to be cheaper when it comes to running costs as compared to their internal combustion engine (ICE) counterparts.

According to experts, the electric two-wheeler ecosystem needs to focus on the ‘4A’s of adaptability, awareness, availability and affordability to achieve over 80 per cent electrification by 2030.(IANS)

read this also – Click to read the news of your state / city before the newspaper