Addressing EV adoption hurdles: Innovations in future

financialexpress.com:

By Deepak Pahwa

There has been a significant uptick in the adoption of EVs across the globe. It is primarily sought for its ability to reduce greenhouse gas emissions, which bodes well for achieving sustainability over a period of time. Following suit, even the Indian EV market has projected significant growth in recent years and intends to make deeper penetration into the country, with the domestic EV market forecasted to reach 10 million annual sales by 2030, as per the report by India Briefing.

Despite the growth, there are some hurdles that are impeding the acceptance of vehicles by consumers. In order to make strong inroads for EVs in the country, it is important to recognize and acknowledge the limitations and challenges of the industry. This can go a long way beyond bridging the gap existing in the industry but can also aid in providing a resilient infrastructure for the EV market.

Understanding the common hurdles discouraging the widespread acceptance of EVs in the country, their initial high cost remains to be a common concern among people. The price of EVs are generally on the higher side as compared to their ICE counterparts on account of expensive battery technology. In addition to this, instances of accidents such as explosions or EVs catching fire can be considered a major deterrent for potential buyers. Adding to their inhibitions, the long charging time of the battery provides further resistance, meddling with the prospects of EV purchase.

Discerning the challenges jeopardizing the growth of the industry, innovation, and the development of advanced battery technology are key to enhancing the performance and affordability of electric vehicles. Along similar lines, adopting Li-ion battery technology can