Green technology and the automobile industry’s future
Synopsis
As restrictions are implemented to reduce the environmental effect of automobile emissions, the global automotive sector is seeing a substantial movement towards green and sustainable solutions. Statistics reveal a tremendous surge in electric vehicle sales, with India exhibiting a promising increase in EV sales.
With increased automobile emissions, governments are enacting stringent rules to reduce the automotive industry’s environmental effect.
The industry’s role to climate change and CO2 emissions remains a major problem, from production through disposal. Moving towards a greener, more ecological solution is, without a question, a great business move for automotive makers, with enormous potential to build a more sustainable future.
As a result, corporations are aggressively striving to sell their electric car. Recent figures show that green energy is having a transformational influence on the automobile sector, with electric vehicle (EV) sales increasing dramatically.
The International Energy Agency estimates that a record 10 million electric vehicles would be sold worldwide in 2022, up from 6.9 million in 2021. China, Europe, and the United States control the majority of the market.
Despite being a touch behind in electric car sales, India recorded 12,43,258 EV sales across all vehicle classes in 2022, a 154% increase over 2021 sales, with electric two-wheelers accounting for the majority of sales.
This spike in demand for greener mobility represents a paradigm change in India’s automotive sector towards a more sustainable future.
Top EV manufacturers, such as Tesla and BYD, have clearly begun to defend their technology in India.
Tesla has filed and acquired over 30 patents relating to EV batteries during the past decade. BYD has filed 125 patents at the same time. While Tesla is attempting to establish itself in India, BYD seems to have grown rapidly in recent years.
Tesla also created a firm in Bengaluru called Tesla India Motors And Energy, but could not proceed owing to high import charges. There has been back and forth about it ever since. However, Prime Minister Modi’s recent meeting with Elon Musk on his US tour indicates that Tesla may soon establish a facility in India.
BYD, on the other hand, had an excellent start in the Indian market with its first electric SUV, the Atto 3. BYD successfully delivered 700 units within two months after its November debut. BYD plans to become the second-largest electric vehicle (EV) vendor this year, with an ambitious goal of selling 15,000 units, and to consolidate its footing in India’s developing EV industry.
However, India-based industry giants such as Tata Motors, which has Jaguar Land Rover as a subsidiary, Mahindra and Mahindra, and Ola are maintaining a strong foothold in the Indian market as foreign companies seek the potential for setting up manufacturing units for both EVs and their components in India.
In 2022, Tata alone was responsible for 85% of EV sales in India, followed by MG Motor India. Over 70 patents in EV, Hybrid, and EV charging stations and devices have been submitted by the business in different countries.
EV startups like as Ather Energy, which has 23 patents in its own nation, are building a name for themselves in the EV market with their indigenous ideas. Ather Energy designed an intelligent electric scooter with route optimisation and predictive maintenance using Cloud IoT Core and BigQuery to assist individuals in India’s dynamic economy. Their collaboration with Cloud IoT solutions produced a one-of-a-kind mobility platform for India and beyond.
As governments step up their efforts to address climate change, rules are being enacted to reduce the environmental effect of automobile emissions.
Automobile manufacturers have a unique chance to lead the drive towards a better future by using environmentally friendly technologies. OEMs are also actively developing environmentally friendly car components. GiTi Radial Tyre (Anhui), a worldwide supplier located in China, is developing a highly abrasive high-mechanic fuel-saving environmental protection VAN tyre.
The car sector can considerably cut CO2 emissions and pave the road for greener transportation by prioritising sustainability.
India’s forerunners in the automotive industry, along with their worldwide counterparts, have set their eyes on realising the enormous potential of green technology in the automotive sector. As the need for environmentally friendly transportation develops, India’s automobile sector is prepared to lead the way.
