A Study of Emerging EV

Sectors in India : Challenges

and Opportunities.

Aniket P Dhongdi (7246)

Atharva Kumar Kulkarni
(7250)
Sheshav Mishra (7065)
 INTRODUCTION
With the development of new technology, there is an advancement in the automobile
sector.

Electric vehicles are a viable alternative to automobiles powered by internal combustion

engines.
Knowing about the cost of purchase , infrastructure availability , production units, recharging
stations and after-service stations can bring us to know about the most imperative part i.e.,
costing and about the expected life of the product in the market
OBJECTIVES

● To identify the opportunities and challenges of electric

vehicles in India.
● To understand the long-term and short-term costs and
expenses of consumers.
 HYPOTHESIS

NULL HYPOTHESIS (H0)

“Total (initial + other ) Cost comprises major component while purchasing an EV”

ALTERNATIVE HYPOTHESIS(H1)

“Demand of EV influence by not only total cost but also other factors ”
POPULATION AND SAMPLING

THE UNIVERSE for the research is finite

and involves everyone above the age of 18.

SAMPLE SIZE : Sample size is 70 consisting

of 39 male and 31 female respondents.

SAMPLING TECHNIQUE -Technique used

is Random Sampling.
DATA COLLECTION
1. Primary and secondary data collection.

2. The primary data was collected by a questionnaire

3. To understand various factors affecting EV

4. Secondary data includes different research papers and articles.

Data Collection, Analysis and Interpretation

It can be analyzed from the chart that 5.7% of the sample population
currently uses EV. 50% of the people does not own an EV and 44.3% wishes
to buy the same.
It was found from the above chart that out of 70 respondents,
40% carry a neutral opinion of government incentivization of
EV, 40% agrees with the question and 14.3% do not favour the
same.
We can analyze from the above chart that out of 70 respondents
84.3% of them are willing to spend between 10-20L to buy an EV,
whereas 11.4% is prefer spending 20-30L and rest 4.3% to spend
above 30L.
When the respondents were asked regarding reasons of not buying
an EV, it can be analyzed that 67.3% of them are of the concern of
unavailability of charging stations, followed by 30.8% due to
concern of distance travelled in one full charge and 28% are due to
lesser no of models available.
It was found from the above table that out of 70 respondents 47 of them
while buying an EV considers the availability of the charging stations, 45
are concerned about the performance and 40 about the initial price of the
vehicle.
 HYPOTHESIS TESTING
5 pointer test- H(0)

Particular Numbers Percentage

Initial + other Cost 37 52.87%

5 pointer test- H(1)

Particular Numbers Percentage

Other factor 33 47.56%

(infrastructure,performance )

Both the hypothesis is proven wrong which indicate for a

consumer , both the factor ie cost and aided factors play
important role purchasing decision
 OPPORTUNITIES

1. Contribution of EV in India GDP.

2. Investments
3. Customer in India
4. Rising petrol cost
5. Government roles
IMPACT OF EV ON VARIOUS SECTORS
a. Software Sector

b. Related Infrastructure Sector

c. Battery manufacturers

d. Mining industries
CHALLENGES AND DRAWBACKS
1. Public acceptance

2. Environment

3. Infrastructure

4. Initial cost

5. Resistance to switch
 SUGGESTIONS

● The government needs to increase the infrastructure for EV.

● The adoption of alternative fuels must be made aware to the consumers.

● Public and private sector enterprises should join hands.

 CONCLUSION
Manufacturers have to overcome many challenges such as providing proper charging infrastructure,
increasing performance, providing vehicles at low cost.

Government is trying to subsidize the cost of buying EVs but it has less impact , other factors also
influence the sales

For consumer cost comes to be the 3rd preference and availability of infrastructure come to be the first

So a major challenge in the Indian economy is not just cost but the availability of infrastructure.