The automotive industry is undergoing a massive transformation with mobility poised to carve out new paths going forward. Clearly, electric, connected, shared and automotive are emerging as the most-talked about global trends across the automotive industry. In fact, there is a never-like-before focus on R&D across the globe aimed at making vehicles more efficient and smarter than before.
And among the emerging trends, electric vehicles are talked about the next big thing to happen to the automotive industry. In the Indian context, EVs are crucial as it can prune our ever-inflating import bill, produce lesser carbon emissions and improve air quality.
Energy Efficiency Services Limited (EESL) - a joint venture of state-owned NTPC Limited, Power Finance Corporation, Rural Electrification Corporation and POWERGRID – has doing its bit in facilitating procurement of electric vehicles across government agencies. Saurabh Kumar, Managing Director, Energy Efficiency Services Limited (EESL), said vehicle manufacturers globally are placing higher focus on driving-edge technologies, shelling out a lot of money and time on R&D as well as forging partnerships on energy-harvesting and regeneration initiatives, to pave the way for the emergence of smarter cars.
Such high focus on technologies are driven by the need to check on high costs of battery power for electric vehicles, lower general car prices, better energy efficiency, and the universally growing popularity of eco-friendly green manufacturing, Kumar explained.
He said the country is exploring high range electric vehicles with high battery capacity and efficiency of battery plays a critical role. He called for policy support from government and increased private sector participation.
There is a global push for electric vehicles for which charging infrastructure holds the key. Kumar said there is a need to explore integration of charging stations with battery storage solutions as it can help reduce demand charges and improve grid stability.
Kumar dwelt about how the assembling framework in the automotive industry operates in a highly complex and dynamic environments as production processes comprise different machines serving diverse capacities, consuming different amounts of energy and generating different amounts of heat.
Kumar added that various factors influence energy utilisation in the automotive industry, it is imperative to create systematic energy efficiency methodically novel approach of energy consumption based on sustainable and low carbon manufacturing technology.
The EESL MD stated that the need of the hour is to accelerate focus on R&D, adopt global standards, focus on different battery chemistries that can help optimise energy management.