A STUDY OF ELECTRIC VEHICLE A FUTURE PROJECTION WITH

SPECIAL REFERENCE TO CHANGANACHERRY

TALUK
Project Report
Submitted in the partial fulfillment of the requirements for the award of the
Bachelor Degree in Commerce of Mahatma Gandhi University. Submitted By:

AISWARYA S( Reg No: 200021057517)

ARYA MURALI( Reg No: 200021057522)
ASWIN ASOK(Reg No: 200021057549)
FRANCY VARGHESE(Reg No: 200021057524)
KARTHIK SANTHOSH( Reg No: 200021057475)

Under the guidance of

Mrs. ANU MERCY ZACHARIAH

(Assistant Professor, Department of Commerce)

POST GRADUATE DEPARTMENT OF COMMERCE KRISTU JYOTI

COLLEGE OF MANAGEMENT AND TECHNOLOGY
CHANGANACHERRY MARCH 2023
 KRISTU JYOTI COLLEGE OF MANAGEMENT AND TECHNOLOGY
[AFFILIATED TO MAHATMA GANDHI UNIVERSITY]

CHANGANACHERRY, KURISHUMOODU P.O. KERALA-

686105

CERTIFICATE

This is to certify that the project work titled “A STUDY OF ELECTRIC

VEHICLE A FUTURE PROJECTION WITH SPECIAL REFERENCE TO
CHANGANACHERRY TALUK” Submitted by AISWARYA S (REG NO:
200021057517), ARYA MURALI (REG NO: 200021057522), ASWIN ASOK
(REGNO:200021057549),FRANCY.VARGHESE(REGNO: 200021057524),
KARTHIK SANTHOSH(REG NO : 200021057475) in the partial fulfillment of
the requirements for the award of the Bachelors Degree of Commerce from Mahatma
Gandhi University, Kottayam, Kerala is a record of the bonafide work carried out by
him during the period of 2020-2023.

Dr. Varghese Antony Rev. Fr. Joshy Cheeramkuzhy CMI

(Head of the Department) (Principal)
 KRISTU JYOTI COLLEGE OF MANAGEMENT AND TECHNOLOGY
[AFFILIATED TO MAHATMA GANDHI UNIVERSITY]

CHANGANACHERRY, KURISHUMOODU P.O. KERALA-

686105

CERTIFICATE

This is to certify that the project work titled “A STUDY OF ELECTRIC VEHICLE
A FUTURE PROJECTION WITH SPECIAL REFERENCE TO
CHANGANACHERRY TALUK” Submitted to MahatmaGandhi University, Kottayam in
partial fulfillment of the requirements for the award of the Bachelors Degree in Commerce is a
record of the original work done by AISWARYA S(REG NO: 200021057517), ARYA

MURALI (REG NO: 200021057522), ASWIN ASOK (REG NO:

200021057549), FRANCY VARGHESE(REG NO: 200021057524), KARTHIK
SANTHOSH(REG NO : 200021057475)
under my supervision and guidance and that this project work has not formed the basis for the
award of any Degree/Diploma/Fellowship or similar title to any candidate of this or any other
University.

Changanacherry Mrs. Anu Mercy Zachariah

14/02/2023 (Assistant Professor)

 DECLARATION
We, hereby declare that this project report entitled, “A STUDY OF ELECTRIC
VEHICLES A FUTURE PROJECTION WITH SPECIAL REFERNCE TO
CHANGANASSERY TALUK” has been prepared under the guidance of Mrs.
Anu Mercy Zachariah, Assistant Professor, Post Graduate Department of
Commerce, Kristu Jyoti College Of Management And Technology,
Changanassery in partial fulfillment of the requirement for the award of the
Bachelor Degree in Commerce of Mahatma Gandhi University, Kottayam , Kerala.
We also declare that this is the bonafide record of project work done by us during
the course ofour study and no part of it has been submitted for any other Degree,
Diploma, Fellowship or other similar title of recognition.

Aiswarya S (Reg. No 200021057517)

Arya Murali (Reg. No 200021057522)

Aswin Asok (Reg, No 200021057549)

Francy Varghese (Reg. No 20021057549)

Karthik Santhosh (Reg. No 200021057475)

Changanacherry
14/02/2023
 ACKNOWLEDGEMENT
We would like to place on record our sincere thanks to all those who contributed
To the successful completion of our project work.
We express our gratitude to our guide, Mrs. Anu Mercy Zachariah, Assistant
Professor for helping us in each and every stage of this project.

We would also like to thank Rev. Fr. Joshy Cheeramkuzhy CMI, The
Principal, Kristu JyotiCollege of Management and Technology for providing all
the facilities for the completion of this project.

We would like to express our deep sense of gratitude to Dr. Varghese Antony,
HOD, Post- Graduate Department of Commerce, Kristu Jyoti College of
Management and Technology for his valuable guidance throughout the
completion of this work.

We thank all our respondents who co-operated with us in the successful

completion of the questionnaire on time.

We also appreciate the encouragement and constructive criticism that we

received from our friends and family which went long way to make this project
a satisfying experience to us.

Above all we thank God Almighty for providing us the right atmosphere and
mental strength to work and showering all the blessings for the successful
completion of this project.
Aiswarya S
Arya Murali
Aswin Asok
Francy Varghese
Karthik Santhosh
 CONTENT
SI.NO TITLE PAGE.NO

1. INTRODUCTION 1-4

2. LITERATURE REVIEW 5-9

3. THEORETICAL REVIEW 10-27

4. DATA ANALYSIS & INTERPRETATION 28-69

5. FINDING, SUGGESTIONS AND 70-73

CONCLUSIONS
BIBLIOGRAPHY 74

APPENDIX 75-77
 LIST OF TABLES

TABLE TITLE PAGE

NO NO
4.1 GENDER STATUS OF RESPONDENTS 28

4.2 EDUCATION QUALIFICATION OF THE RESPONDENTS 30

4.3 RESPONDENT’S EV OWNWERSHIP STATUS 32

4.4 VEHICLE SEGMENT 33

4.5 PURCHASE PRICE OF THE EV 34

4.6 NAME OF THE VEHICLE 36

4.7 YEAR OF PURCHASE 38

4.8 KEY FACTORS FOR MAKING THE PURCHASE DECISION 40

4.9 GENERAL USE OF VEHICLE FOR THE RESPONDENT 42

4.10 AVERAGE RANGE OF THE VEHICLE (DISTANCE PER 44

CHARGE)

4.11 MAXIMUM SPEED ATTAINED ON THE EV BY THE 46

RESPONDENT

4.12 TOTAL DISTANCE TRAVELLED DAILY USING THE EV 48

BY THE RESPONDENT

4.13 AVAILABILITY OF HOME CHARGER 50

4.14 AVERAGE TIME SPEND FOR RECHARGING 51

4.15 RECHARGES DONE IN A WEEK 52

4.16 RESPONSE REGARDING BATTERY WATTAGE 53

CAPACITY
4.17 RESPONSE REGARDING BATTERY REPLACEMENT

55

4.18 RESPONSE REGARDING THE AVAILABILITY OF 56

CHARGING STATION

4.19 RESPONSE RELATED TO AVERAGE COST PER CHARGE 58

4.20 BATTERY RELATED ISSUES FACED BY THE 60

RESPONDENTS

4.21 RESPONSE REGARDING THE KIND OF BATTERY ISSUE 62

FACED

4.22 RESPONSE REGARDING SERVICES DONE IN A YEAR 64

4.23 RESPONSE ON SERVICE COST PER YEAR 65

4.24 TECHNICAL ISSUES FACES BY THE RESPONDENT 67

4.25 FEEDBACK RELATED TO OWNERSHIP EXPERIENCE 68

 LIST OF CHARTS
TABLE TITLE PAGE
NO NO
4.1 GENDER STATUS OF RESPONDENT 29

4.2 EDUCATION QUALIFICATION OF THE RESPONDENT 31

4.3 RESPONDENT’S EV OWNERSHIP STATUS 32

4.4 VEHICLE SEGMENT 33

4.5 PURCHASE PRICE OF THE EV 35

4.6 NAME OF THE VEHICLE 37

4.7 YEAR OF PURCHASE 39

4.8 KEY FACTORS FOR MAKING THE PURCHASE 41

DECISION

4.9 GENERAL USE OF VEHICLE FOR THE RESPONDENT 43

4.10 AVERAGE RANGE OF THE VEHICLE (DISTANCE PER 45

CHARGE)

4.11 MAXIMUM SPEED ATTAINED ON THE EV BY THE 47

RESPONDENT

4.12 TOTAL DISTANCE TRAVELLED DAILY USING THE 49

EV BY THE RESPONDENT

4.13 AVAILABILITY OF HOME CHARGER 50

4.14 AVERAGE TIME SPEND FOR RECHARGING 51

4.15 RECHARGES DONE IN A WEEK 52

4.16 RESPONSE REGARDING BATTERY WATTAGE 54

CAPACITY

4.17 RESPONSE REGARDING BATTERY REPLACEMENT 55

4.18 RESPONSE REGARDING AVAILABILITY OF 57
CHARGING STATION

4.19 RESPONSE RELATED TO AVERAGE COST PER 59

CHARGE

4.20 BATTERY RELATED ISSUES FACED BY THE 61

RESPONDENTS

4.21 RESPONSE REGARDING THE KIND OF BATTERY 63

ISSUE FACED

4.22 RESPONSE REGARDING SERVICES DONE IN A 64

YEAR

4.23 RESPONSE ON SERVICE COST PER YEAR 66

4.24 TECHNICAL ISSUES FACES BY THE RESPONDENT 67

4.25 FEEDBACK RELATED TO OWNERSHIP EXPERIENCE 69