SUSTAINABILITY OF ELECTRIC VEHICLES IN INDIA

Abstract

It has been observed that AQI of different regions in India is increasing, which is further degrading the environment. Internal combustion engines are major contributors in these phenomena. Electric Vehicles could be one of the solutions to limit this problem. This project is about sustainability of Electric Vehicles in India. In this project, I have tried to cover different perspectives for sustainability of Electric Vehicles in India. Those perspectives covered are environmental sustainability, economic sustainability, and social sustainability and consumer preferences for EV adoption in India. Along with literature review, domain expert interviews have been conducted to understand the challenges and solutions with respect to environmental, economical and social sustainability. A Google form was generated to understand consumer preferences, which have been analyzed through SPSS and PowerBI dashboard. The sampling techniques being used are simple random sampling and snowball sampling for over 112 participants. All the responses have been taken on 7 pointer likert scale, covering both positive and negative view points. Statistical techniques being incorporated are descriptive analysis, mean comparison and factor analysis. On the dashboard, different gauges have been used to understand strength of different factors with respect to different segments. It has been observed that there is high sustainability of electric vehicles in India, if following challenges can be minimized:  High cost of Electric vehicles  Cell voltage balancing of EV batteries  Lack of charging infrastructure  High electricity demand  Lack of awareness  Mismatch between customer demands and EV offering with respect to different segments of Indian consumers.