Electric Vehicle for starting business
About the Course:
The course will take you from basics of Electric Vehicle to the cost involved in starting a business on Electric Vehicle. It will then take you to the various processes involved in starting a business in various sectors of EV like the battery, motors, BMS, etc.
This course has been designed by 5 mentors who are hailing from different background and has an overall experience of 40+ years in automobile sector.
This course is for:
- An entrepreneur who wants to start their journey in the Electric Vehicle sector
- Students who are interested in learning about the business side of electric vehicle.
- Business owner who wants to move their existing business to Electric vehicle.
- Investors who are interested in knowing the insight about the industry
Electric Vehicle Industry:
The EV industry is rapidly increasing in the country. The government’s incentives have boosted the EV industry in India. The Indian electric car market size was valued at $71.1 million in 2017 and is projected to reach $707.4 million by 2025, witnessing a CAGR of 34.5% during the forecast period. Government schemes and subsidies are playing a major role in the growth of the market. In addition, the growing environmental concerns owing to high pollution levels in major cities of the country are also positively affecting the market growth.
Based on the technology, the Indian electric car market has been categorized into battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV). BEV category held the largest share in the Indian market, contributing over 70% sales volume in 2017. During the forecast period, the BEV category is poised to continue dominating its position in the market in terms of both volume and value, owing to the highest subsidies offered by the government on the purchase of BEVs as compared to PHEVs and HEVs. In addition, the availability of a considerable BEVs model, falling battery price, and lower upfront cost are expected to benefit the market during the forecast period.
On the basis of battery, the Indian electric car market has been classified into Lithium-Iron-Phosphate (LFP), Lithium–Nickel–Manganese Cobalt Oxide (Li-NMC), and others. The “others” category includes other Li-ion based batteries, such as Lithium–Titanate Oxide (LTO) battery, Lithium–Nickel–Cobalt–Aluminum oxide (NCA) battery, nickel-metal hydride (NiMH) battery, and lead-acid battery. LFP battery-based electric car was the largest category in the market, contributing over 65% sales volume in 2017, owing to the benefits such as high current rating, thermal stability and safety levels, and long cycle life.
Maharashtra had the highest sales volume in 2017 in the Indian electric car market. The state is expected to continue being the leading market in the country for electric cars during the forecast period, owing to the state government’s Electric Vehicle Policy 2018 to help electric vehicle market grow by supporting electric vehicle manufacturing, developing charging infrastructure, and offering subsidies to customers on the purchase of these vehicles. The state government announced subsidies for electric cars, amounting up to $1,550 (INR 100,000) per vehicle.
The public transport systems of India are among the most heavily used across the world. Therefore, shared electric mobility has an opportunity to gain popularity in the Indian electric car market by meeting the increasing need for transport systems. Mobility systems are experiencing transformation due to increasing connectivity, new business models, and steeply falling technology costs. Many business models are offering shared electric mobility solutions, with the notable ones being Ola Cabs and Uber.
For instance, in 2017, Ola along with Mahindra & Mahindra launched a program to build an electric mass mobility ecosystem in Nagpur, Maharashtra. Over 100 of Mahindra’s e20 plus vehicles have already been availed by the company. It is also planning to source vehicles for its fleet from other original equipment manufacturers (OEMs) including BYD Automobile Company Ltd. and TATA Motors Ltd. Also, Uber India entered into a partnership with Mahindra & Mahindra Ltd. to deploy electric vehicles, beginning with a few hundred vehicles, in Hyderabad and Delhi. Thus, the growing usage of electric cars in shared mobility services offers a lucrative opportunity in the Indian electric car market.
India Electric Car Market Competitive Landscape
Currently, the Indian electric car market is highly consolidated and is dominated by a few players. Mahindra Electric Mobility Ltd. is the only manufacturer of BEVs and leads the market in the country. Other players such as Toyota Kirloskar Motor Pvt. Ltd., BMW AG, Volvo Car Corporation, and Honda Motor Co. Ltd. are offering HEV models in the market. However, with the Indian government taking initiatives to boost market growth through favorable policies and incentives to support the adoption of electric vehicles, other automotive players have ventured into the Indian electric car industry. Furthermore, with the advent of established automotive manufacturers, such as Tata Motors Ltd., Hyundai Motor Company, and Honda Motor Co. Ltd., the competition is expected to intensify during the forecast period.
Electric Vehicle (EV) Policy in India:
This list covers some of the states. The detailed policies are mentioned in the course.
- Plans to bring Rs. 25,000 Cr. investment for EV manufacturing
- New and Expanding MSME’s will be eligible Industrial Promotion Subsidy (IPS)
- Interest Subsidy will be provided to qualifying MSMEs
- Qualifying MSMEs are exempted from Electricity duty for up to 15 years
- For manufacturing units in Vidarbha a power tariff subsidy of Rs. 1/Unit for upto 3 years is provided
- MSEDCL plans 10 electric vehicle fast-charging stations in Nagpur
- Investment promotion subsidy of over 25% up to Rs. 15 Lakhs for Micro Units
- Small enterprises to get investment promotion subsidy of over 20% for a maximum amount of Rs. 40 Lakh
- A subsidy of 50 lakh rupees will be given to the Medium manufacturing enterprises on investments
- 100% exemption on tax on the electricity tariff for the initial five years will be provided by the government for the MSMEs
- Term loans ranged from Rs. 10 Cr to Rs. 50 Cr would be provided MSMEs
- These enterprises would also be entitled to 100% electricity duty exemption
- A waiver of Rs. 1000 each for the training of workers for EV manufacturing
- The state govt. would reimburse the MSMEs 30% to 50% of the GST
- Commercial public EV charging stations will be eligible for 25% capital subsidy on equipment/machinery (limited up to Rs. 10 lacs per station) for the first 250 commercial public EV charging stations.
- Across the state, the rate of Electrical power required for EV charging shall be the industrial rate of electricity
- On first 100,000 EVs manufactured and registered in-state or policy period of 5 years whichever is earlier – (2 wheeler-24,000; 3 wheeler-70,000; 4 wheeler-4000; 4 wheeler hybrid- 1000 and private/public passenger bus -1000; all categories combined 100,000)private transporter and individual buyer to get end-user subsidy over the policy period. 15% subsidy on base price on all the above-mentioned vehicles subject to a cap of Rs. 20 lacs per bus, Rs. 1 lac for 4 wheeler (including hybrid ones), Rs. 12,000 for 3 wheelers and Rs.5,000 for 2 wheelers will be eligible to the buyer.
- Lectures 0
- Quizzes 0
- Duration 42 hours
- Skill level All levels
- Language English
- Students 10
- Assessments Yes