India: Town and Country Planning Organization under the ministry of housing and urban affairs has prepared draft enabling guidelines for electric vehicle charging infrastructure, based on which governments shall amend their building by-laws and master plan regulations. This proposition from the government will boost the electric vehicle market in the years to come.
The proposals include offering round-the-clock charging infrastructure facility to all electric vehicles in residential buildings, setting up charging bays at 20% capacity of all vehicles, on-spot metering and payment services in both commercial and residential buildings. Town and Country Planning Organization under the ministry of housing and urban affairs has prepared draft enabling guidelines for electric vehicle charging infrastructure, based on which governments shall amend their building by-laws and master plan regulations. As per the proposal, the government will begin creating favorable ecosystems in nine polluted cities with a population of over 4 million, and gradually move to cities with population of one million-plus. The proposal also includes increasing electricity load for all buildings. Sohinder Gill, director of corporate affairs at Society of Manufacturers of Electric Vehicles, said the electric vehicle industry has seen a decent leap in 2017-18, especially in the electric two-wheeler segment. “The numbers indicate that citizens are accepting electric vehicles as an economical as well as a cleaner mode of transportation in comparison to conventional vehicles. However, the absence of adequate finance mechanism, price gap between an electric two-wheeler and petrol two-wheeler, awareness among citizens are challenges, which need immediate redresser,” he said. “In the four-wheeler segment, lack of infrastructure, ambiguity over policy remains a major deterrent, which is holding the segment back. This year looks positive, especially for the electric two-wheeler segment and we anticipate the sector to perform better than last year”, Gill said.
According to BlueWeave Consulting, the government is considering amendments to Urban and Regional Development Plans Formulation and Implementation Guidelines, 2015 and Model Building By-Laws, 2016 to accommodate promotion of electric vehicles in infrastructure planning and power distribution services norms. These will be applicable to residential, institutional buildings, multi-level parking complexes, bus terminals, and service stations. The government is preparing a fresh policy for the promotion of electric vehicles.
According to a recently published report by BlueWeave Consulting, on “Global Electric Commercial Vehicles Market by Propulsion type (BEV, HEV, PHEV, FCEV), by Vehicle type (Bus, Truck, Van, Others), by Component (Motor, Battery, Others) – Industry Analysis, Size, Share, Growth, Trends, and Forecast by 2018-2024”, the Global Electric Commercial Vehicle is projected to grow over a CAGR of 12% during the forecast period of 2018-2024 by value. The market is expected to reach around USD 149,316 Million by 2024. The wave towards the increasing demand for Electric Vehicles, owing to its positive impact on environment, has already been established within the major automobile players, and is working towards their upcoming models of Electric vehicles. India plans to shift one-third of its vehicle base to electric fleet by 2030. The shift to electric vehicles from the conventional combustion engine vehicles will fetch a change in the overall ecosystem of Automobile industry.
According to the upcoming report by BlueWeave Consulting, on “Global Electric Vehicle Charging Station market by Charger Type, by Power Output, by Installation Type, by Region- Industry Analysis, Size, Share, Growth, Trends & forecast by 2018-2025”, the expansion of the electric vehicle charging station market is influenced by growing demand for fuel-efficient, high-performance and low-emission electric vehicles coupled with, government funding, subsidies, and incentives, growing concern toward environmental pollution, and heavy investment from automakers of EVs. The highly populated developing countries like China and India will provide the future market for Electric Vehicles and its charging stations. Thus, due to the increasing demand for electric vehicles across the world, the electric vehicles charging stations market will propel in the years to come.