It is true that Battery Electric Vehicle Market are the future of the world but this future will come true only when there are cheap batteries for electric cars in the market.
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| Battery Electric Vehicle Market |
Although the Fem-2 scheme launched to encourage electric vehicles is getting subsidies on electric vehicles,
Battery Electric Vehicle Market in India
Ahmedabad, NITI Aayog's Chief Executive Officer (CEO) Amitabh Kant said on Saturday that India has implemented a planned plan for the Battery Electric Vehicle Market industry and its components including batteries.
He said that with the adoption of these vehicles, the cities will be clean and imports will be reduced and the use of solar energy will increase.
Significantly, the Goods and Services Tax (GST) Council on Saturday reduced GST on such vehicles from 12 percent to 5 percent and GST on charger from 18 percent to 5 percent.
Important role of battery in electric vehicles
The answer is obvious: if batteries are cheap, then there is nothing wrong in adopting Battery Electric Vehicle Market as soon as possible.
Just as the most important part in a petrol car is the internal combustion engine, in the same way in electric vehicles the battery rolls.
Lithium-ion batteries are currently being used in electric vehicles. The use of lithium itself is becoming a hindrance in the widespread use of electric vehicles.
Electric cars are expensive because of lithium
According to Battery Electric Vehicle Market
Only a few countries have lithium reserves left. Bolivia and Chile have 65 percent lithium reserves, while the Congo has 54 percent cobalt reserves.
But rising demand has made both of them expensive. Today, two-wheelers cost 70 per cent of the cost of batteries, while in cars the figure is 50 per cent.
Electric WagonR will cost more
According to Battery Electric Vehicle Market
On the other hand, Suzuki has developed the electric version of the small car WagonR. The company is testing 50 such vehicles across India.
Suzuki says that due to technology, the price of electric WagonR will be so much that private buyers may not find it a profitable deal.
The price of the electric wagon is expected to be around Rs 12 lakh.
Battery Electric Vehicle Market of Toyota
According to Battery Electric Vehicle Market
Japanese automaker Toyota has introduced a new concept vehicle even before the upcoming Tokyo Motor Show begins. This time the company has unveiled its new ultra compact battery electric vehicle (BEV).
The company has used two doors in this very small and battery-powered car. Currently, its concept version has been introduced, which will also be launched for sale in the market soon.
For the Battery Electric Vehicle Market. The Central Government may introduce a policy to reuse the lithium ion batteries used in electric vehicles.
The government may issue regulations for companies making batteries under Extended Producer Responsibility (EPR) to collect and reuse used batteries (once the battery life is over).
Meaning the battery manufacturer will not be completely free from its responsibility even after the sale of the company's batteries. Under this rule, the government of the battery manufacturer can also give tax rebate.