Impact of EV on the Automobile Market

The sudden surge in the electric vehicles imprints a disruptive impact on the Automobile market.2 min

The Indian automobile market has always been a dinette for hungry auto enthusiasts, it serves varieties of different cuisines of body styles, transmissions, and technologies for its customers. The new serving on the table is Electric Vehicles.

The EVs are consuming the two-wheeler segment with its attractive low maintenance and lesser running costs. These are highly popular for passenger segment and fleet or commercial segment for food deliveries and logistics. Over the last few years, we have all witnessed the shift of buyers from buying a petrol scooter or motorcycle to an electric bike. With government incentives and rising fuel prices, the EV market has now an upper hand in the automobile market. Now, the major impact we shall be witnessing in the four-wheeler segment. 

From an average Indian buyer’s perspective, the electric vehicles we have in the market are majorly compact SUVs or crossovers with a price tag ranging from 14 lakh to 30 lakh rupees. Indian buyers now mostly prefer to go for 5 door SUVs with loaded features and automated transmissions. Every manufacturer is playing in this demand zone, we have the Tata Nexon EV, MG ZS EV and Hyundai Kona. Even Mahindra is planning to launch XUV300 with an electric powertrain option. The likes of this price budget are now also adhered with the interest of involvement of recent launches like Skoda Slavia, Hyundai Creta, Skoda Kushaq, MG Astor and the C-segment king Honda City. The problem that buyers feel while opting between the EVs and the Dino juice vehicles are the quality and features the former lack because of the high production cost of the powertrain. Tata Motors offer two vehicles in electric mobility one is the Nexon EV, and the other is Tigor EV; both are around 6-7 lakh rupees costlier than their petrol siblings.

Now, consider the buyer has to compromise with the fit, finish and quality of a car under 10 lakh rupees with an EV costing more than 14 lakhs. The major reason being the huge development cost of Lithium-ion battery pack and thermal management system with powertrain electronic systems. Our country is coming up with large-scale manufacturing of power systems, powertrain, and energy storage systems for four wheelers in the LCV and HCV segment. This will allow the future market to have reduced pricing options for EVs in the market within their segment. 

The research and development phase will bring various options for performance and  economical balance in the powertrain technology for EV industry. Another aspect that needs to be investigated is the service and repair industry for EVs, with Electric vehicles running on the road with car insurance there will be cases of insurance claims and we lack individuals with experience in Electric vehicle inspection and servicing. This is the need for training of this sector in the upcoming years for Service and repairing of EVs. 

Some of the basic training that one shall take irrespective of his/her domain are:

  1. Electric Vehicle (Fundamental)
  2. Fundamentals of Automobile Engineering
  3. Basic of Electrical in Electric Vehicle

The professionals who wish to build their careers in the automotive industry and want to equip the latest skills through exclusive electric vehicle trainings shall take the training in the following demanding domains:

  1. Electric Vehicle Powertrain Engineering (Advanced)
  2. BMS – Battery Management System 
  3. Electric Vehicle Advanced System Integration 
  4. Electric Motorcycle / E-Bike Design
  5. Electric Vehicle Battery Pack Modelling 
  6. Design of EV Using MATLAB
  7. Training for EV Professionals

This is not all, you may wish to explore more such enriching trainings at: DIYguru

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