By 2022, most customers who purchase a car will prefer buying an electric car. According to a study by Castrol, it will only be in 2030 that the customers will realize that majority of the new cars are electric cars. The study also mentioned that an electric car if charged for 35 minutes only will have a capacity to be driven for 401 kilometres. The average cost of an electric car will be Rs. 23 lakhs.
A survey was taken of 1000 consumers, fleet managers and industry specialists across India. The survey was also taken global later, in which around 10,000 consumers from around the world also gave their opinions and reviews about this future change.
As per the report, majority of the customers said that they would consider buying EV’s by 2024, while some believed in the “wait and let’s see” move which means their decision will be directly affected by the market trends. Even though the study does not provide a clear picture about the future of automobile industries, it gives us an understanding of global attitudes, which are quite positive.
Even today electronic vehicles are accepted but out of 50 cars sold, only 1 is an EV. This is a mainstream downfall. The average cost of EV worldwide is USD 36,000 (27 lakhs) but India is trying to seek a lower price and is ready to provide it at 23 lakhs (USD 31,000)
Mandhir Singh, Chief executive officer of Castrol said that, “Even in these uncertain times, the automotive industry is rising to the critical challenges highlighted in our research. EVs that meet at least one of the tipping points for price, charge time or range are already on the market. With the industry’s inspiring response to the coronavirus crisis demonstrating what we can achieve, and EV technology constantly improving, the challenge now will be to accelerate EVolution as quickly as possible to contribute to one of the most important critical challenges of all: decarbonising our economy.”
There has been a revolution in the auto industry, earlier people used to drive manual cars which were heavy in nature as not much of development had been done. The consumers then shifted to power steering cars and lately automatic cars are in the run. There has been an evolution in the auto industry and hence electronic vehicles are the future of the auto industry.
NEWS REPORTED BY:
VRIDHI BHAGNARI.
