What will happen to India’s used or pre-owned / used automobile market if electric cars become the norm? – a random quetion occured on my mind while i was working on something and i’m sure some of you reading this might also have thought about this specific thing. To answer this question firstly we need to know what is the present situation of the EV ecosystem in the country and how can people know about this oncoming wave.
Some of the things that seems viable are :-
The power source for electric vehicles (EVs) is a battery, and with time, all batteries lose some of their capacity.
However, a number of variables, like the battery’s quality, kind, and use, as well as how the car is operated and maintained, will have an impact on charging efficiency, Generally speaking, the capacity of Li-ion batteries used in EVs starts to decline after 8 to 10 years. Although the pace of deterioration can differ, some batteries might still have more capacity left after ten years of use. Additionally, the majority of EV manufacturers offer a battery guarantee of about 8 years or 100,000 miles.
Through initiatives like the National Electric Mobility Mission Plan (NEMMP) and the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) India plan, the Indian government has worked to encourage the use of electric vehicles (EVs). The Indian government has also set a goal of having 30% of all transportation be electric by 2030.
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