Impact of Electric Vehicles on Indian Electric/Energy sector

While almost all of the top experts and research firms were busy finding the market penetration
and success rate of Electric vehicles in the Indian market, only a few were busy stacking the stats
on impacts of Electric vehicles on India as a whole. One such study which is interesting to point
out is a research report published by Brookings Institution on the impact of Electric Vehicles on
Indian Electric/Energy sector.

The electric vehicle market is projected to attain a market share of 30% by the end of 2030 in the
Indian market, the sales figure would touch a mark of 43 million and this would set the energy
needs to 1110 TWh which is a rise of 640 TWh from the current usage. This is a huge surge and
being a power-hungry nation, India’s demand for domestic electricity needs would also triple by
the end of 2040. Reports have also suggested that electric vehicles would take up most of this
load capacity as compared to industries such as steel and iron.

To meet the ends and needs, a solid system should be in place so that even if the energy demands
see a sudden spike in the future, India can navigate with ease. According to Mr. Jitendra
Nalwaya (Vice President- BSES Rajdhani Power), it’s high time that India introduce Demand-
side Management system which involves Planning, implementing and monitoring electric usage
and related activities in real-time so that an overall view of energy consumption pattern can be
carved out.

Similarly a variable model of reward and punishment scheme can be introduced where the
customer is charged based on the time factor as well as a customer is charged extra while
plugging their vehicle during the peak load time (3 PM to 5 PM) and they are charged less during
low peak load times (3 AM to 5 AM). Using solar charging units is another alternative that India
can harvest for meeting the rising EV needs. By introducing a network of smaller standalone
solar units, enough energy can be derived out for charging electric vehicles that are on the move.
Additional all these measures, India should also focus on shifting its resources for a stronger
infrastructure. Manufacturers are still in the dilemma of pumping in more production because of
the lack of EV infrastructural support India is facing. However, it is hopeful that the government
is in the front row of the EV moment, making the 2030 dream an achievable reality.