Electric Vehicles don’t require petrol, and they are cost- and energy-efficient. In recent times, the growth of electric vehicles has been quite evident. Everything is getting technical, and people’s interest in
Electric Vehicles is also increasing rapidly. Whether it is an electric scooter or a car, The demand for EVs is heavily increasing due to their eco-friendly and cost-efficient nature. The changing preferences of people are also the reason behind the growth of EV vehicles. There are multiple reasons that make EVs an ideal choice for users, including environmental concerns, fuel costs, EV advancements in technology, ease of maintenance, battery technology, and so on. The
Electric Vehicle never makes any sort of compromise with quality, and it provides the desired comfort to the users. It keeps you at the top, and the technological advancements make EVs an ideal option for users. In the comparison of fuel-based vehicles, EVs brought advanced and bigger changes on the scale. It doesn’t only save fuel, but its environment-friendly nature is also a reason behind its rapid popularity. In this blog, you will explore some facts about the increasing demand for electric vehicles in India.
The Reason Behind The Increasing Demand For Electric Vehicles:
Here are the reasons for increasing
EV vehicle demand in India:
- Environment concern: The first and foremost reason behind choosing an EV vehicle is environmental consciousness. In recent times, people have become more active in the environment, and Electric Vehicles serve this purpose efficiently. The environmental perspective of using EV Vehicles is to make cities cleaner and reduce the pollution caused by regular vehicles
- Government incentives: The government also offers various incentives to meet the requirements of the people. They have given some tax rebates on the electric vehicle. Some other initiatives of the government include discounts and tax breaks to encourage people to choose electric vehicles in India. The government program FAME is also one of the reasons that EV are affordable and cheaper in price.
- Advancements in technology: The durable features of the battery and advanced technology make EVs a better choice for people. The technology helps the users get a better idea of the coverage. The lasting features of batteries made people want to buy EVs.
- Reduction in operating costs: EV vehicles are cost-efficient in nature because they don’t require fuel. The demand for EVs is rapidly increasing due to their cost-saving benefits.
- Reduce traffic: The model of the EV vehicle is compelling, and it’s adored by vehicle lovers. It reduces pollution and traffic. You need to just charge the battery of an EV for its efficient use, and then it will provide you with a seamless experience.
- Sustainable trend: The EV vehicle maintains the sustainable trend and also preserves the environment. The pollution-free and fuel-free features make it the best option for users. sustainable means that preserve nature for a longer time, and that’s how electric vehicles promote this trend.
- Charging station: At present, you can observe the availability of charging stations almost everywhere. EV vehicles in India have also become popular due to the multiple availability and usage of charging stations. The customer service and easy communication allow you to charge the battery of an EV at ease as per your requirements.
- Easy to carry: The EV is easy to carry anywhere; you don’t require the headache of petrol or diesel filling. Usually, on longer trips, the smell of fuel affects the experience of the users, but EVs make it more convenient by providing a battery-based system.
- Awareness campaign: EV vehicles are also part of an awareness campaign against increasing pollution and the greenhouse gas effect. The awareness campaign includes spreading awareness among people in regard to environmentally friendly vehicles like EVs that promote the sustainable trend and don’t harm the environment.
- In order to promote this agenda, the government provides incentives to lower the cost of production, which will subsequently reduce the selling price of EVs. It would be an affordable solution. An electric vehicle is not merely about the luxurious state; it is more about the eco-friendly nature and cost-efficient features. The government is bringing many initiatives to make the EV common in the commercial segment; that’s why it’s becoming the popular choice of users.
- Increase in fuel cost: The rapid growth in the rate of fuel consumption compels users to move towards the option of an EV vehicle, as an ordinary vehicle requires fuel filling and the fuel charges are quite high in comparison to the price of electricity consumed by charging the EV through a battery.
Why Is EV A Popular Choice For People?
EV vehicles are the choice of smart people who want to be updated with new technology. It is assumed that choosing an electric vehicle is the smartest decision that allows users to future-proof their lifestyle in an environmentally friendly way, like embracing electric vehicles. The EV emphasized the zero-emission transport alternative. In order to promote this agenda, the government provides incentives to lower the cost of production, which will subsequently reduce the selling price of EVs. It would be an affordable solution. An electric vehicle is not merely about the luxurious state; it is more about the eco-friendly nature and cost-efficient features. The government is bringing many initiatives to make the EV common in the commercial segment; that’s why it’s becoming the popular choice of users.
- There are various benefits that are associated with the electric vehicle. For example, as an owner of an EV, you can enjoy benefits like secure parking spaces, access to the HOV highway lane, free meter parking, and reduced tolls. It allows you to enjoy a seamless driving experience. As per the study, electrical vehicles are effective in reducing stress, and they also improve mental health. In comparison to gas-powered cars, the EV enhances the experience of the users and provides the desired comfort.
- There are multiple options in the EV at the present time. It emerges as the latest trend in the market. You can find the EV in a hatchback or SUV with ease. In the coming years, as per recent studies, it is expected that the number of options in EVs will increase. You will find your desired car at ease with the wide variety of electric vehicles.
- The proliferation of charging stations everywhere and the increasing number of ports are also the reason behind the increasing popularity of EVs among people. The charging ports have increased in recent times. The availability of charging stations ensures a seamless experience for you. You can charge your car anywhere in a secure parking area.
- In comparison to gas-powered cars, electrical vehicles have a higher price. Electric vehicles have a low maintenance cost, don’t require fuel, have a lower repair cost, and the availability of tax rebates makes them more convenient for users. The overall cost of an EV is efficient in comparison to a gas-powered car.
- The increasing initiative of the government makes electric vehicles more common and popular among the people.
- Electric vehicles are safer in nature, which makes them popular among people. As per the studies, electrical vehicles are safer than ordinary vehicles. It is less likely to cause an accident in an electric vehicle.
Future trends of the electric vehicle An electric vehicle runs on electricity instead of internal combustion. The EV works through a charged battery, and it doesn’t pollute the environment, unlike gas-powered vehicles. Globally, the electric vehicle market in India is growing at a CAGR of 21.7%. 4.19 lakh EVs have already been sold in 2022. In the year 2020, the number was merely 1.19 lakh. As per the studies, we predict a sale of 39.21 million EV units by the year 2021. Subsequently, such a vehicle is being considered as a replacement for present vehicles to address challenges including the rise of pollution, global warming, and so on. In India, within the first quarter of 2024, the sales of EVs increased by more than 50%. These figures suggest that EVs are gaining momentum worldwide.
Conclusion:
The electric vehicle is an environment-friendly vehicle that meets the standards of the users and provides a seamless experience for them. These vehicles allow users to drive securely and charge the vehicle anywhere at ease due to the availability of multiple charging stations in India. Unlike gas-powered vehicles, it is easier to park the EV securely. As a vehicle lover, safe parking is the desire of each one of us, and EVs make it more convenient for you. It follows the sustainable trend, and the government’s incentives and rebates make electric vehicles in India more popular among the people.