"Rigid Standardisation Could Slow Advancements In The EV Industry"

Unlike the automotive and home appliance sectors, where 60 to 70% of the components are standardised—driving down costs—the EV industry remains in flux. Anagh Ojha from Urja Mobility explored this with EFY’s Nitisha.

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What do you think are the key challenges hindering EV adoption in India?

EV ownership comes with significant challenges compared to gasoline cars, particularly in terms of battery costs. For instance, an electric car priced at ₹1.2 million includes a battery costing ₹500,000-600,000—almost 50-60% of the total price. While batteries typically last 150,000 km (around 4.5 years), replacing them later costs ₹400,000-500,000. In contrast, petrol cars require only fuel expenses without major capital investments over 10 years.

Does the absence of standardisation in the EV industry affect costs and innovation?