The future of the automobile industry belongs to eco-friendly vehicles and Tata Motors also believes it to be the case in times to come.
Shailesh Chandra, MD at Tata Motors believes that EVs and CNG cars will constitute 30% each in terms of new cars sold by 2030. That might seem like a bold assumption at the moment but the way in which the EVs are gaining the market share, it is not entirely out of the question. As a matter of fact, if anyone can say this with authority, it is Tata Motors because it enjoys over 80% market share in EVs at the moment. Their EVs have been the fastest-growing electric cars in the country. Here are the details.
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EVs and CNG Cars
In a recent interview of Shailesh Chandra with MotorOctane on YouTube, there were some fascinating revelations. When asked about the EV trend by the end of the decade, Shailesh Chandra mentions that offering diesel cars after the arrival of BS7 norms would be extremely difficult. The reason is simple. It would be mega-expensive to update these mills to comply with the new norms. That will increase the prices of the cars a lot and the buyers will have to pay for them. Instead, in fact, there will be EVs which would replace diesel cars.
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What is more interesting is the fact that Shailesh Chandra thinks that by 2030, the new car sales could even comprise of around 30% EVs and 30% CNG cars. These two alternate fuel cars would be the only way to take the industry forward. That would mean a large chunk of new cars by 2030 would carry eco-friendly engines in addition to petrol powertrains. Looking at the way things are happening at the moment, it doesn’t seem highly unlikely. EV sales are already at an all-time high and the growth is exponential.
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What We Think
Going forward, mass adoption will only increase. As more and more EVs are starting to appear on the roads, EV owners are sharing their experiences. Hence, more new people are getting interested. The government is working hard to improve the state of charging infrastructure in the country. In fact, even private players like Tata Power are installing charging stations across various nations rapidly. With that, the range anxiety issue among potential EV buyers will reduce drastically. Hence, more people would be interested in buying EVs due to their low running costs.
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