RAJEEV CHABA, President & MD, MG Motor India
What kind of opportunity and roadblocks do you see for the EV uptake in India vis-a-vis ICE vehicles? Do you have any suggestions on what could make the EV adoption better?
I can easily see more opportunities than roadblocks. To begin with, India is a net importer of crude oil. Its crude imports totaled $112 billion in FY2019, which is more than the GDPs of several economies including Ecuador, Sri Lanka, Myanmar, and Bahrain. Now, this is a recurring spend that only increases with the adoption of ICE vehicles. This is where the biggest opportunity for EV is. EV adoption can save our nation its valuable foreign reserves. At the same time, India aims to build its renewable energy capacity to 175GW by 2022 and take it further to 450GW by 2030. EVs are best positioned in this landscape.
People also have to realize that EV technologies have enhanced over the past couple of years. They no longer have the lags in pickups as there used to be earlier. For instance, MG ZS EV delivers a better power to an end-user even if you compare it with any high-end ICE-driven SUV. The vehicle zooms from 0 to 60 mph in around 8.5 seconds.
The only roadblock that I see is that of infrastructure. A superior adoption will require a robust EV charging infrastructure throughout the nation. The entire value chain, including the government and the industry stakeholders are taking positive steps in this direction. It will bring about a positive change and catalyze EV adoption.
Cost remains the biggest barrier to EV adoption, what kind of policy intervention, govt. incentives, and innovation are needed to overcome this issue?
This story is from the September 2020 edition of PCQuest.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 2020 edition of PCQuest.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Importance of data privacy and security measures for secure digital learning
Prioritizing data protection and security is not just a technical prerequisite; it's also an ethical and strategic imperative for fostering trust and ensuring academic success in the digital age
How automotive electronics is responding to the evolving market needs
The fusion of automotive and electronics is revolutionizing driving, turning cars into multifunctional hubs. Enhanced safety systems, smart infotainment, heads-up displays, and connectivity redefine the driving experience, prioritizing safety, convenience, and entertainment for all occupants
The evolving face of digital piracy: Trends and tactics in 2024
Amidst the ongoing conflict between pirates and rights holders, there arises a crucial necessity for a collaborative approach encompassing technological innovation, regulatory interventions, and public awareness initiatives to effectively counter digital piracy in India
Navigate the intersection of AI and privacy
The evolving landscape of AI deployment, emphasizing the growing recognition of the need of having on-premise AI solutions and the need for customization to meet specific organizational needs
Revolutionizing fleet management with AI
AI heralds a new era in transportation, promising unparalleled efficiency, safety, and scalability. Its transformative power is set to revolutionize fleet management and logistics, unlocking unprecedented opportunities for optimization and innovation
How AI is revolutionizing Assistive Technology
Al-driven advancements are revolutionizing assistive technology, empowering individuals with disabilities to lead more independent and fulfilling lives.
The universe of open-world games: Exploring the best in the genre
Open-world gaming offers players unparalleled freedom and immersion, facilitated by advanced technology and creative design elements that blur the lines between reality and virtuality
What's the current hullabaloo around the future of AI chips?
AI is not a product per se, like an iPhone or laptop! You cannot log into Amazon or Etsy and buy an Al!! Just look at the development of Al! If it is that easy to develop and deploy, it cannot be a wonder, at least, not for me! At best, it is a tool!
Generative AI: A problemsolving powerhouse
Generative AI is reshaping problem-solving across diverse industries, driving innovation, and improving efficiency while necessitating ethical considerations for responsible deployment
The Gen AI revolution in product design
Generative AI is pushing the boundaries of innovation by enabling more creative exploration of design possibilities through generating a range of design options and optimizing product designs for factors like weight, strength, and performance