Tamil Nadu’s EV Industry Poised for Significant Growth
Tamil Nadu produces over 40% of the nation’s four-wheeled electric vehicles (EVs) and about 70% of its two-wheeled EVs, according to A.S. Ramadhas, director of the Global Automotive Research Centre in Coimbatore, on Thursday.
Speaking at the opening session of the Society for Smart E-Mobility (SSEM) conference on “Electric Vehicles and Allied Industries – Electric Vehicles, the Future of Mobility,” he claimed the data demonstrated Tamil Nadu’s EV industry’s potential for expansion.
In the nation, 38.50 lakh EVs were sold up until the previous fiscal year. 95% were two- and three-wheelers, 1.67 lakh four-wheelers, and 7,700 buses.
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The NITI Aayog had predicted that the EV industry would develop at a compound annual growth rate of 49% till 2030. With the EV30@30 program, India hopes to reach 30% EV sales by 2030. A strong charging infrastructure, as well as cooperative efforts from the federal, state, and local governments, were required to realize this ambition.
“India’s transformation towards e-mobility has been an ongoing process,” says K. Ramasamy, chairman of Roots Group of Companies and patron and trustee of SSEM.
It was crucial to have access to a strong infrastructure network for EV charging. Even though the central government put in place some laws to encourage the growth of the charging infrastructure network, it was still necessary to adapt it to the particulars of the Indian transportation ecosystem and develop stakeholder capacity for on-ground expansion.
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In energy storage applications, lithium-ion batteries, or LIBs, were rapidly gaining popularity. However, there was a significant fire risk connected to their use. The finest in dependability, toughness, performance, and safety were required due to India’s varied driving conditions and variety of terrains.
With a restricted funding of ₹500 crore for four months, the Electric Mobility Promotion Scheme, 2024 sought to increase the uptake of electric two- and three-wheelers till July 31. 3.72 lakh EVs were intended to be supported by the program, with incentives given preference to those with sophisticated battery technology.
With a restricted funding of ₹500 crore for four months, the Electric Mobility Promotion Scheme, 2024 sought to increase the uptake of electric two- and three-wheelers till July 31. 3.72 lakh EVs were intended to be supported by the program, with incentives given preference to those with sophisticated battery technology.
According to him, stability and ongoing investment and innovation in the EV sector would result from the government’s consistent support.
S. Chandrasekar, corporate director of Roots Group of Companies and vice-president of SSEM, said that Coimbatore was seeing investments in the development and manufacture of electric vehicle (EV) two-wheelers and components. He suggested that the State government provide Coimbatore with the necessary shared facilities.
