Business in Electric Vehicles

SEGMENTS:

  1. Charging Station
  2. Electric Motors
  3. Electric Panel
  4. Batteries
  5. Accessories

Countries which will phase out fossil fuel cars to meet goals of Paris Climate Accord:

  1. Britain
  2. France
  3. Norway
  4. India
  5. China

Reasons to enter E Vehicle business:

  1. Technological challenge has been solved; The range of vehicles has been extended to slightly over 300km between charges; b) New high-power charging technology has reduced recharge times to as little as 14 minutes;
  2. Many e-vehicles will come on the market over the next 3 years; In US half-million all-electric or plug-in hybrid cars have been sold, In china last year alone 350000 e-vehicles were sold,
  3. Focus has started for providing necessary charging infrastructure;-charging station need to be combined with renewable energy.

Status:

  1. To date non-residential charging stations are: EU-120000, US-16000, China-800000.

Planning

China will drive 50lakhs cars by 2020. Total there are 290 million vehicles on chineese roads.

What more is required:

  1. Tax breaks for investments in charging systems;
  2. establishing international standards for charging protocols;
  3. funding additional research for high-power charging technologies;
  4. mandating installation of charging stations at some existing filling stations, such located on public highways.

Author: suratmsf

Chartered Accountant in Practice since 1995. Vice-chairman of The Financial Co-operative Bank Ltd, Surat. FINCO Bank. Promoter and Ex-independent director of Gallantt Metal Ltd. Ex-Chairman of Surat branch of ICAI. UPSC dropped by 40 marks. Avid investor in equities and businesses.

One thought on “Business in Electric Vehicles”

  1. I guess, Govt has made it mandatory to install charging points in parking of the residential towers and commercial buildings

    Like

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