do you want to know What are electric vehicle business ideas and plans in India? So this blog post is just for you, after reading this you will get the answer to all your questions easily.

In today’s time people are less preferring to buy fuel-powered vehicles. it has been predicted that electric vehicle will bring remarkable changes especially in the environmental aspect. That’s why we can say that electric vehicle development is very important.

Why are electric vehicles needed?

We are aware of the greenhouse effect which directly leads to climate change which is mainly caused by motor vehicle gas emissions. Harmful gases such as carbon dioxide, and the greenhouse gases nitrous oxide and methane, and post-electricity plus oil are also going to be depleted.

Some of the advantages of EV (Electric Vehicle) are: Highly efficient, cost effective, low maintenance, safe to drive, etc.

Is India ready for electric vehicles?

We know that the current situation in our country due to this pandemic has seriously damaged our economy. But amidst the uncertainties due to the pandemic situation, there is still a ray of hope for electric vehicle manufacturers to boost the growth of the EVs market.

But the Indian electric vehicle revolution has come to a halt due to the Covid-19 lockdown. The mobility sector is a huge customer base for electric vehicle manufacturers, who have been hit hard.

However, on the positive side, once the lockdown ends, electric vehicle companies need to ramp up their business strategies, according to experts. One of the most renowned automobile giants – ‘Porsche’ said that “the growth for the electric vehicle market in India has just begun”.

Well the situation in our country is a little different as compared to other countries. Because the Indian auto industry was going through a difficult phase before the crisis of this pandemic came. But times will change and that hope was given by Balbir Singh Dhillon, Head of Audi India, who said that electric vehicles are already on their way, but the important thing is the market, and it is not a piece of cake, it takes some time to build the EV infrastructure. to adopt.

E-mobility infrastructure is also essential and it requires substantial government support for the import of electric vehicles, which results in further move to the beneficiary. So it can be seen that being one of the top markets across the world all the tech giants are looking at the Indian market and its current scenario.

The Government of India has announced a new policy and initiative to promote the adoption of Electric Vehicles in India. This can help India to quickly adopt an EV environment.

Will EV companies enter India?

Tesla is focusing on building its factories around the world. They have already spent over $1 billion for this in Austin, Texas, Brandenburg and Germany and they have finally come to India and many automobile giants have started their own efforts.

Surprisingly, the smartphone king Apple is also going to launch electric vehicle cars in the automobile market. And not only big companies like Huawei, but Xiaomi According to reports, Samsung is also in the race and will provide other electronic components like chipsets and sensors to its partners. In this case, consumers will have many options. And this will boost business opportunities in the electric vehicle industry for small scale industries.

Where it is true that light mobility post-Covid-19 continues to dominate India’s electric story.

Business Opportunities in the Electric Vehicle Sector

Following is a list of business opportunities in the Indian EV sector:

  • Public EV Charging Station
  • battery recycling business
  • battery swapping technology
  • Solar Electric Vehicle Charging
  • Home Charging Station
  • EV Equipment Manufacturing
  • EV Franchisees & Dealerships

Public EV Charging Station

There is a need for conveniently accessible charging points for the charging infrastructure to support the Indian electric vehicle market. Recently, a technical committee meeting was held at Hyderabad Post-Electric to discuss the existing building codes and government regulations for setting up charging infrastructure in Telangana.

Due to reliability at such high factors, maintenance and repair become priority issues. According to reports, there are one million public charging points in the world and only 0.1% are in India. And it can be a huge business opportunity to work in EVS sector.

battery recycling business

Well, EVs have battery engines. They emit less carbon dioxide but batteries are harder to recycle. Which is composed of cobalt, lithium and nickel, and mining of these raw materials raises ethical and environmental concerns. Lithium-ion batteries are difficult to recycle.

The “Global Battery Alliance” estimates that batteries can cut the carbon industry required by 30% and a number of aspects have been created by it.

battery swapping technology

This will eliminate waiting times for charging, make better use of land, and increase the available run time, and in India, as population increases travel needs between two cities, it may be a better option. Battery swapping technologies at EV charging stations have a promising future, are less time consuming and could be a great business opportunity for this.

Solar Electric Vehicle Charging

Solar-based electric vehicles are just around the corner. Solar Charging Station for EVs. The combination of charging stations and electric vehicle charging is the key to significantly reducing our dependence on fossil fuels.

Home Charging Station

According to the survey, 60% of Indians do not have their own personal vehicle to have a vehicle at home. Electric car drivers choose home charging points to take advantage of faster charging speeds and certain safety features. That’s why home charging stations are quite useful.

EV Equipment Manufacturing

Nowadays, after the US and China conflict and this pandemic, many big companies have started turning to India to manufacture their respective products. Union Minister Nitin Gadkari said that in the next six months, lithium-ion batteries will be manufactured in India and it will become the world’s largest electric vehicle manufacturer.

EV Franchisees & Dealerships

There are many EVs manufacturing companies in the country like Hero Electric, Tata Motors, Ather Energy, Ashok Leyland, Hyundai Kona Electric etc. Tesla has also arrived; The demand will be more because it is automotive so investment and policies and whatever will be bigger but it will take some time to get fully settled in India.

The electric vehicle industry has not performed as well due to the devastating impact of the COVID outbreak. But there will be a huge jump in this in the coming years. EVs will be game-changing in terms of environment, air, noise pollution free, post-electric and much more.

Read also:

9+ Profitable Online Business Ideas

How to start your own LED bulb business?

We hope that after reading this blog post your questions What is Electric Vehicle Business Idea? (Electric Vehicles Business Ideas & Plan in English) You must have got the answer to this question easily.