One of the many challenges that EV manufacturers and EV owners face is charging time for the zero-emission vehicles. It usually takes a long time to charge the batteries. To alleviate this concern, the Automotive Research Association of India (ARAI) should develop new technologies, Mahendra Nath Pandey, the union’s heavy industry minister, said on Saturday.
“In order to overcome one of these charging-related problems, I will call on the Automotive Research Association of India (ARAI) to develop a technology that will reduce charging time,” said the minister. He added that amid charging concerns for electric car owners, the central government has selected nine expressways across the country to install 6,000 electric charging stations. Around 50 percent of these will be installed soon.
At around 30 percent, batteries account for the largest share of the total costs of electric vehicles. One of the challenges with introducing electric vehicles is their high cost. The import of the Advanced Chemical Cell (ACC) for EV batteries is one of the reasons for these high costs. The minister believes the ACC can be produced locally to keep the battery price down.
He went on to say that about 70 percent of the material used in the manufacture of lithium-ion batteries is already available in India. “With these newly introduced PLI programs, the government supports up to ₹$ 362 billion per gigawatt in this area of electric vehicles, “added Pandey.
With the PLI program is an investment of ₹According to Pandey, 42,500 crore are expected in battery and component manufacturing in India. “The government provides up to 8-13 percent funding for manufacturers of auto components and up to 13-18 percent for manufacturers of electric vehicles under the program. This will also facilitate the creation of around 7.5 lakh of new highly skilled job opportunities. ” he added.