India Electric Vehicle Market Overview 2022 & 2023
EV sales in India were recorded at 1.3 million for 2022, and are expected to touch 1.7 million units by the end of 2023 according to IESA’s projection as per business-as-usual scenario. EV market in India is expected to witness CAGR of 35% from 2023 to 2032 under business-as-usual scenario. The report covers market estimates and forecasts for India EV market by vehicle segments i.e. E-2 wheeler, E-3 wheeler, E-4 wheeler, E-bus and E-truck in terms of annual unit sales and annual battery demand (GWh).
Factors driving EV market in India include:
FAME-II subsidy
Entry of large number of OEMs
Auto components production liked incentive scheme
Major push to replace ICE fleet with EVs
However, EV market in India is currently facing challenges such as:
High cost of EV
Lack of public charging infrastructure
Requirement of investment for power grid upgradation
Absence of subsidy in some segments
State governments in India are taking active steps through their respective EV policies to increase EV adoption, providing demand incentives such as subsidy on new EV purchase, road tax exemption, registration fee exemption, and scrapping and retrofit incentives.
Incentives and support under state EV policies are centered around manufacturing, charging infrastructure, R&D, battery recycling, employment generation and skill development. For instance, states such as Tamil Nadu, Haryana, Andhra Pradesh and Uttar Pradesh are providing incentives to encourage investment both, EV manufacturing and component manufacturing, while also looking to aid local EV ecosystem in the state.
EV Market Overview, 2022
E-2 wheeler segment witnessed EV sales of around 0.8 million in 2022, owing to low cost and increase in subsidy for this segment from June 2021 to May 2023. Under E-3 wheeler category, low-speed E-rickshaws held a dominant share over high-speed E-3 wheelers. However, new players have entered the high-speed E-3 wheeler category, providing more options to end users.
E-4 wheeler adoption in India is driven by requirement of personal mobility and taxi fleet operators. In 2022, personal mobility dominated with around 87% market share, against 13% for fleet operators. However, sales for fleet operators have jumped four-fold in 2022 over 2021 numbers as attractive total cost of ownership prompted players such as Ola and Uber to begin replacing ICE vehicles with EVs.
E-bus segment sales have been driven by subsidy available for the category, specifically for government end-use. Convergence Energy Services Ltd acts as the major tendering agency, and is working to deploy 50,000 E-buses under the National Electric Bus Program. E-truck is one of the newer segments in India, and therefore, sales are lowest compared with other EV segments in 2022, owing to limited product offerings by players and absence of subsidy.
In terms of battery chemistries, lead acid is utilized for low-speed E-2 wheelers and low-speed E-rickshaws, while lithium-ion battery chemistries such as LFP and NMC are widely utilized in all other EV segments. Other lithium-ion chemistries such as NCA, LTO and LMO have witnessed limited application, with utilization only by certain specific players.
Source: CES Analysis
Additional Key Points Covered:
India EV Market Drivers
EV Market Developments by Segments, 2022-32
EV Battery Demand Forecast by Segment
Competitive Landscape
Total Cost of Ownership Analysis by EV Segments
Central Level Policy & Regulations
State EV Policies
Who Should Buy the Report:
Global EV OEMs
EV Commercial Fleet Owner
Government Agencies
State Transport Utilities
Financial Institution & Investors
India is forecasted to account for 40% of the world’s additional energy demand by 2040 and plans to meet a large majority of this growing energy demand from renewable energy sources. Energy storage is vital for managing the expected supply and demand variability increase.
The Government of India is in the early stages of shaping the policy and regulatory framework for energy storage in the country. This brief collates inputs from businesses on ways to strengthen the framework and policy measures.
Developed in collaboration with World Business Council for Sustainable Development (WBCSD), the brief presents the collective policy and regulatory recommendations from over 25 companies on priority action areas for the central government to accelerate energy storage deployment.
IESA Energy Storage Vision 2030 report which emphasizes the importance of energy storage target-setting for India along with other key areas like policy and regulatory intervention required at the Central and the State level, manufacturing, skill development, research & development, and potential barriers that require preparedness and focus from the Centre and the States.
IESA has been conducting meticulous research in the field of energy storage and policy analysis for the past decade and has been a member of various committees including, large-scale renewable integration taskforce (2013- 15), the standing committee on energy storage to develop National Energy Storage Roadmap (2014-16), Expert Committee to draft National Energy Storage Mission (2017-18), Central Advisory Committee of CERC, drafting committee on “Comprehensive Energy Storage Policy” among others. Report launch at India Energy Storage Week (IESW) 2022.
From L- to R:- Stephen Fernands, President, Customized Energy Solutions; Achal Sondhi, VP - Growth, APAC, Fluence; Yashwanth Mahadevan, Sales Leader, Eos Energy; Debi Prasad Dash, Executive Director, IESA; Shri. Ghanshyam Prasad, Joint Secretary, Ministry of Power, Govt. of India; Shri Dinesh Jagdale, Joint Secretary, Ministry of New and Renewable Energy, Govt. of India; Bindu Madhavi, Director, Regulatory & Policy, IESA and Dr Rahul Walawalkar, President, IESA, MD, CES (India)
Highlights from the Report
The vision document has highlighted the requirement for setting up of storage targets in India with a clear focus on application sector, and policy and regulatory interventions required at the Center and the State level.
Along with it, this document has also identified potential barriers towards active ESS adoption in India, the framework required based on target projections and incentives, and the support required from the Central and the State governments. For accuracy in providing the data, prediction and analysis, IESA had organized series of round table discussions with Central and State Governments, regulators, think tanks etc
Key Objective of the study is to highlight the following
Vision towards storage to achieve the country’s RE targets by 2030 and setting a target/goal/mandate for energy storage for year 2030
Incentives and support from government authorities
Focus on a pipeline of projects for the next few years. In many cases, actual storage deployment was even higher than the earlier set targets
This study indicates a projected storage capacity requirement of 160 GWh, considering energy storage system (ESS) application of grid-scale storage (also referred to as front-of-the-meter) applications, renewable energy integration, distribution utility installation, ancillary services, and transmission investment deferral (Green Energy Corridor only). However, this projection does not include transmission planning, inverter, UPS, telecom, residential behind-the-meter applications
To seize the huge opportunities offered by the energy storage sector, the immediate steps that are required toward the effective adoption of energy storage technologies are identified and highlighted
It also covered the areas that need to be examined to support Indian RE targets as well as clean energy transition
To achieve the targets, it is required to define calculations of storage purchase obligations in terms of percentage requirement for particular RE capacity.
This report also reflects key pillar strategies bound to play a major role in shaping regulations and utilizing energy storage at full potential
Merely considering the current ACC battery manufacturing plans of 50 GWh, IESA estimates that the program shall generate a minimum of 5 lakh employment opportunities, which includes 10,000-25,000 Merely considering the current ACC battery manufacturing plans of 50 GWh, IESA estimates that the program shall generate a minimum of 5 lakh employment opportunities, which includes 10,000-25,000
The Motor is the source of power for Electric Vehicle. It determines top speed, acceleration, hill climbing ability, power consumption and vehicle performance.
Three Important points to consider when finalising choice of Electric Motor are:
Vehicle characteristics
Vehicle weight, overload and aerodynamics help determine speed, torque and power requirements of the electric motor.
Driving cycle:
Driving cycle consideration of various factors like traffic density, terrain, temperature, etc influence size of battery pack size and choice of powertrain
Maximum speed:
To factor in motor speed, maximum speed of vehicle needs to considered. How long speed need to be sustained, differential ratio and wheel radius also influence motor selection.
Desirable consideration factors for selecting most suitable Electric Motor are:
Power to Weight Ratio
Higher Power to Weight ratio provides Higher speed and acceleration
Power Density
Higher Power density helps minimize space utilisation (compactness) for highest possible power output
Efficiency
Higher motor efficiency means less energy losses and more usable mechanical energy
Peak Power Output
Maximum power that Motor can sustain for short duration
Electric vehicle performance directly depends on performance of Electric Motor. The performance of the motor is determined by Torque-Speed and Power-Speed characteristic of the traction motor
Selecting the proper output characteristic of an EV motor is a challenge because it is necessary to find the balance between acceleration performance and wide speed range in the constant power region.
The constant torque operating region is important at low speed to provide a good start and up-hill drive. The constant power region determines maximum speed on flat surface.
The rotor is the moving part, which turns the shaft that delivers mechanical power. The rotor is supported by bearings which support it to turn on its axis, the windings form magnetic poles when energized with current and stator is the stationary part.
Types of Motors in Use in EV’s :
BLDC
PMSM
Brushless DC Motor
Permanent Magnet Synchronous Motor
BLDC motor is basically a DC motor turned inside out which means the coil is on the outside and magnets are on the inside.
PMSM uses permanent magnets embedded in the rotor to create a constant magnetic field.
BLDC motors have a rotor with permanent magnets and a stator with windings. The windings are energized in a specific sequence to create a rotating magnetic field, which causes the rotor to turn. The electronic commutation of the motor allows for precise control of the motor’s speed and direction.
PMSM motors also have a rotor with permanent magnets and a stator with windings. The main difference is that the windings are designed to produce a sinusoidal magnetic field, which interacts with the permanent magnets to generate torque. This design allows for a higher power density than BLDC motors.
High Efficiency
Higher efficiency
(Permanent magnets in a PMSM motor create a stronger magnetic field producing more torque per ampere of current)
Mounting position of Motor:
Hub Motor
Mid Drive Motor
The hub motor is incorporated into the hub of a wheel and drives it directly
Mid drive motor powers the cranks and sends force through drivetrain
Since motor is mounted directly on hub it creates uneven weight distribution
Centre of gravity is maintained in the centre resulting in better stability
Reduction of Rare Earth Materials:
In electric motors, magnets are used to generate rotation using electrical current passing through loops of wire. These magnets are typically made with rare-earth materials such as neodymium and dysprosium, which have a very geographically constrained supply chain. China accounts for vast majority of rare-earth production worldwide leading to huge price volatility.
Apart from cost and availability problems, these materials arouse also important environmental, political and ethical issues regarding their extraction, trade and disposal.
Motor designs that avoid use of rare earth elements are being developed requiring higher levels of optimisation of motor with controller.
Recent developments include spoke rotor PMSM that uses ferrite magnets with a similar or better power density than an equivalent induction motor. Other innovations include utilizing wound rotor configuration to replace magnets with copper windings, aluminium rotor induction motor and switched reluctance motors which require no magnets or copper in the rotors.
Synchronous Reluctance Motors:
The main characteristics of synchronous reluctance motor are high efficiency at synchronous speed without using rare earth permanent magnets. There is no concern of demagnetisation, so these are inherently more reliable than permanent magnet motors
The main advantage of synchronous reluctance motors is negligible rotor losses. Reduced heat in synchronous reluctance motors improves torque and power densities allowing them to be sized smaller for a given rating. These motors are also quiet due to low torque ripple and vibration levels.
Future Trends:
Increasing Efficiency
Efficiency is a critical factor in electric motors and future developments are likely to focus on increasing efficiency further. This could involve the use of new materials, improved design, and more advanced control algorithms.
Integration with IoT
Higher integration with IoT systems, allowing for remote monitoring, control, and optimization.
Design Evolution
There is movement toward non-traditional designs because of increased demands for:
Higher torque density
More efficient cooling (motor)
Reduced size of the motor
Optimized or reduced use of copper wire and magnet material.
Customized Energy Solutions closely works with several leading Motor manufacturers and OEM’s to support in design and recommendation of best suited motors delivering optimum performance for your Powertrain applications.
1.0 Introduction
Today, over 4.46 billion people, or more than half the world’s population live in the cities. They are at the epicentre of economic activity, where more than 80% of global GDP is generated. As urban road transport density has grown, it has created several environmental challenges such as poor quality of air and water, improper waste disposal, and high energy usage. In Indian metropolitan cities (like Mumbai, Delhi, and Chennai), an average commute takes a whopping 90 -minutes and air pollution is one of the leading causes of
The availability of user-friendly public charging infrastructure is one of the key requirements for accelerating the adoption of electric vehicles in India.
Initial conceptualization and work on high temperature batteries was initiated as early as in the 1950s at various national labs in US and was taken up by the Ford Motor company for commercialization in 1967.
India’s battery demand is projected to rise from 3 billion $ in 2017 to 7.5 billion $ by 2022 (Source: CES Analysis). Lithium-ion battery technology is projected to be the leading technology for electric
On behalf of the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), the Nationally Determined Contribution-Transport Initiative for Asia (NDC-TIA) is a joint project of seven organisations and with the engagement of China, India, and Vietnam.
This report has been prepared by the National Renewable Energy Laboratory (NREL) with support from the U.S. Department of State to inform a broader dialogue around the future direction of India’s approach to enabling energy storage investments.
Stationary Energy Storage in India (SESI) Conference & Virtual Expo focused on the roadmap and outlook for stationary energy storage in India took place on 8 April 2021.
The 8th Electric Mobility event ‘India e-Mobility Conclave 2021 (IMC 2021) focused on roadmap and outlook for e-mobility in India took place on 25th Feb.
Pumped Storage Projects (PSP) are becoming more crucial in providing peak power and preserving system stability in the power systems of many countries, even though numerous types of energy storage systems have been constructed globally. Pumped storage technique is the time-tested, financially viable, highly effective. Along with this, it is important to consider the timely completion of PSPs for making the project financially viable.This paper covers various technological advancements and innovative concepts of PSP around the globe. Paper covers the global scenario of PSP to understand the status of capacity addition and various measures undertaken by the countries for development of PSP. The knowledge gained from this paper will guide the reader in evaluating and understanding key issues and challenges for development of PSP.
IESA wrote a letter to Smt. Nirmala Sitharaman, Hon’ble Finance Minister, Government of India on September 13th, 2022. IESA team requested Hon’ble Ministry to consider extending exemptions on the lithium-ion cell used in the manufacture of Battery/ Battery Pack related to EV and storage applications as well. The exemption of taxes and duties can be linked within Phased Manufacturing Program (PMP) Scheme with a significant timeline which shall encourage the manufacturers to focus on indigenous manufacturing.
IESA wrote a letter to Ministry of Environment, Forest, and Climate Change on 21st March '22 stating concerns/recommendations (Annexure-1) on the Draft Battery waste Management Rules, 2022. This letter also included consolidated suggestions/recommendations received from our member companies.
•Finalized Policy Priorities for PWG from Sept’ 2023 Sept’ 2024 for Stationary Storage, e mobility, manufacturing greenhydrogen sectors•Monthly Policy Regulatory updates from Central State Governments•Update on IESA representations in September month•New Appointments at Centre
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