
Electric Vehicle Infrastructure Market Sustainable Growth in Indian Scenario, Needs and Suggestions
Publication year - 2019
Publication title -
international journal of innovative technology and exploring engineering
Language(s) - English
Resource type - Journals
ISSN - 2278-3075
DOI - 10.35940/ijitee.k1048.09811s19
Subject(s) - electric vehicle , revenue , business , renewable energy , market share , sustainable transport , investment (military) , transport engineering , environmental economics , sustainability , finance , engineering , economics , electrical engineering , ecology , power (physics) , physics , quantum mechanics , politics , political science , law , biology
A report by Frost and Sullivan mentions that Indian Electric vehicle market will accelerate by 7% in 2019-20. Honda has announced one electric vehicle model by 2020 and has plans to launch a B segment vehicle in India by 2023. Certainly, Indian Automobile Industry will see many changes and challenges in the near future. Electric Vehicle (EV) technology will have impact on other infrastructure industries like electrical grid, road side electric vehicle charging stations among many others. EV mobility is the new change that the Indian automobile industry is going through. EV mobility will impact the urban as well as the rural landscape in terms of infrastructure. EV charging load will be random and will certainly impact the grid. Promotion of renewable energy at load centre, such as Solar Photo Voltaic or Wind Mill installation will most likely be observed. Electrical infrastructure capacity has to be increased. Such capacity building is an investment and energy is revenue. As vehicle sharing has been well received by Indians; the paratransit options such as Ola, Uber will be equipped with common charging stations. New smart cities will have to be allocated certain space for vehicle parking and charging stations. This paper reads about what infrastructure changes might occur in Indian scenario for sustainable development; by using Multi Criteria Decision Analysis (MCDA) technique to understand how to consolidate the decisions