The world is changing at an amazing pace. Industries across all verticals experience phenomenal growth as new technological innovations emerge daily. Transport is a key industry in this growth. The industry has adopted these digital disruptions with agility, as it is a fast adopter. There are many negative effects that the current modes have.
Impact of Petroleum Using Vehicles
Transportation accounts for 23% of all energy-related greenhouse gas emissions. Three-fourths are attributed to vehicles, as they use petroleum for these traditional modes. With over 900 million cars on the road today, crude oil demand has increased, and so have CO2 emissions. Fuel is expensive and limited, with a severe impact on the environment.
The effects of India’s predominant modes of transport are negative. The major cause of this is the poor air quality in most cities, with auto-related pollution as the main cause. Other factors include an increasing number of cars, congestion, and traffic due to poor infrastructure and greenhouse gas emissions that contribute to global warming. The country’s economy is also heavily dependent on fossil fuel consumption, which is reflected in the cost of crude oil imports, estimated at USD 112 billion. All these factors have led to the need for a drastic shift away from traditional modes of transport.
These measures may help to change the larger picture, but they will not make a difference. Electric vehicle technology has the potential, however, to reduce air pollution and GHG emissions. By simply plugging in an EV for a few minutes, you can store enough energy to last the entire day. These will help us reduce our dependence on crude oil, as well as curb pollution, greenhouse gas emissions, and other environmental concerns.
Owning an electric vehicle has many benefits for you. Adopting EVs is not only environmentally friendly but also cost-effective, as one can save money on fuel every day, which makes up a large portion of a monthly budget. The Indian Government also launched the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme (FAME), which offers incentives of up to INR 22,000 per two-wheeler and INR 1,87L per four-wheeler that run on Lithium Ion Battery at the time of purchase. The government will pay the manufacturers the subsidy at the end of each month. The scheme, which was originally only available in major cities, is now applicable throughout the country. In March 2019, the government intends to launch Phase II.
In 2013, the Government of India declared the “National Electric Mobility Mission Plan” (NEMMP), 2020, in line with the Paris Agreement of the United Nations Framework Convention on Climate Change. The government plans to implement a radical switch to electric vehicles in 2030. In the next two decades, several vehicle manufacturers and transportation companies have begun to work on increasing the use of electric cars. India will be able to become a global leader in clean and affordable mobility solutions.
Adopting electric vehicles will help to reduce costs, noise and air pollution, GHG emissions, and demand for fossil fuels.