You might be wondering if India has an electric vehicle policy. Yes, there is! One that focuses on reducing climate change, improving air quality, reducing reliance on oil imports, and growing India’s electric vehicle industry. By 2030, the Central Ministry has set a goal of transitioning from new ICE (internal combustion engine) vehicle sales to 100 percent Plug-in Electric Vehicle (EV) sales. India will also become a global hub for electric vehicle manufacturing, according to the government. Servotech has always been and will continue to be a socially responsible company that is committed to making the world a better place by reducing emissions and reducing global warming.
The road ahead, however, isn’t going to be easy! The electric vehicle market faces a number of challenges. What exactly are they? Here are some major roadblocks to the electric vehicle market:
Many issues confront electric vehicle owners, including a lack of public EV charging stations, range anxiety, and a lack of service stations. Owning an electric vehicle gives you a sense of exclusivity and distinction in a sea of gasoline and diesel vehicles.India lacks the infrastructure and technology needed to support electric vehicle production. Components with high efficiency, such as high-density batteries, remain a major challenge. Another issue for electric vehicles is a reliable charging station ecosystem.
This helps to explain why there aren’t more electric vehicles (EVs) on the road. The reasons for the slow adoption of electric vehicles, as well as the barriers to the EV market, differ from country to country. According to a survey, the most common reason for not buying one was a lack of fast charging stations (37%), followed by concerns about range (35%), and cost (35%). (33 percent ).
The future of EVs may appear hazy and uncertain at this time, but with Servotech’s commitment to improving EV infrastructure and technology, it is safe to say that in the coming years, EVs will rule the roads in India. What makes you think they wouldn’t? Electric vehicles have numerous advantages.
EVs have a slew of benefits, including:
- The environment is cleaner.
- There is no charge for congestion.
- Operating costs are reduced.
- Tariffs for renewable energy.
- A more enjoyable driving experience.
- Government funding is available.
- There is no charge for parking.
- Noise pollution is reduced.
Now that you’re aware of India’s EV Ecosystem, here’s why I’m writing this post:
This post is an attempt to inform #TWN Readers of the Press Release announcing Mr. Deepak Kumar’s appointment as Vice President of Servotech Power Systems in order to accelerate Servotech Power Systems’ journey into the EV Charger Market!
Let us introduce you to Servotech Power Systems Ltd. before we move on to the company’s official press release.
EV Charging Solution for Business
Explore more on Servotech Power Systems company by clicking on the link or the banner below:
The NSE-listed Servotech Power Systems Ltd. has established itself as a leader in developing out-of-the-box solutions by combining technology and innovation. The company manufactures, procures, and distributes a variety of high-end yet advanced solar products, medical devices, and energy-efficient lighting solutions from start to finish. The company plans to quickly establish EV Charging Tech Infrastructure across India and accelerate the country’s transition to the “Electric Revolution,” having recently entered the EV market with the release of High-Tech EV Charging Equipment.