Let us talk about Electric Mobility in India. Electric automobiles in the country have established themselves almost as early as they hit the market in the early days. While the cars took slightly longer to gain popularity, the change came and when it did, the markets saw the trend change drastically.
The last couple of years have seen a great deal of social media- based activism with various groups- both government and private stakeholders contributing in their own ways to contribute to the cause. But when science paved the way for change to become possible, the world wasn’t far behind. With China paving the way, the global electric car sales reached about 2.3 million, going up four- fold in less than five years in 2020.
The introduction of electric vehicles in the Indian markets has been at a very strategic time point around the adoption of the Paris Agreement with the initiation through FAME as well as FAME II. Due to countless factors, the Indian government left almost no stone unturned in promoting the eVehicle industry. Most state governments took up this agenda of the Centre and rolled out various incentives including some, going the extra mile and scraping off the SGST and the charges of vehicle registration and other related RTO charges to make this an easy transition for the masses. Even though the Lithium-ion variants of electric vehicles cost 1-2 lacs more than their lead-acid models, the incentives announced under FAME II bring the price difference down considerably.
The introduction of electric three-wheelers has proven to be an absolute gamechanger. With real-time analysis proving that an electric three-wheeler being able to reduce carbon emissions by 13 tons for every 100 km, the market has seen a steady increase in the demand, even though the testing times of the pandemic.
The trial run for electric rickshaws was done in multiple metropolitan cities and major tourist hubs around the country and was received with just the same amount of enthusiasm everywhere else. The trial runs of electric rickshaws were so successful that they became an important means of transport in major educational hubs and even many tech parks that decided to be the ones to drive this change forward, Historic educational institutions such as the Indian Institute of Science, Bengaluru participated in these and helped in getting the public opinion to promote the electric automobile industry in the country.
If you want to know about how an electric rickshaw costs, read our detailed breakdown here
Equipped with the perfect amount of space and a hydraulic lift to assist with the off-loading, the electric loaders and dumpers have found a way to reinvent intra- city logistics and mobility. In the case of both intra- and inter-city logistics, these have been able to leave an impact whether for a short time or in the long run either economically or in terms of sustainability.
Costing approximately the same as their conventional fuel counterparts, e-Loaders are fast garnering the attention of various logistic establishments. Ecommerce hubs that have seen astoundingly high demand in recent years have also found a way to integrate these electric vehicles to be a part of their last-mile connectivity. Having upped the game of ultimate consumerism, even some of the big players such as Amazon and Flipkart are encouraging their delivery systems to switch and opt for electricity. Amazon India has gone above and beyond and promised 10,000 electric vehicles to be integrated into their delivery connectivity chain.
eDumpers on the other hand, even though slightly new to the market, are finding ways to make an impact with the traditional logistic needs both inside city limits and away from the busy city roads. eDumpers and their proprietors focus on cargo-like functioning by single- or multi-point pick up and off load services which is a very simplified version of what is offered by the convenience of eLoaders. Businesses that require a long- term logistics movement such as restaurant owners, various vendors, event management or a wholesale grocer looking for his next set of goods delivered- whether eLoaders or eDumpers, they promise urban and semi- urban customer satisfaction with the promise of long- term sustainable supply chain management.
Whether the lead acid battery variant or those of Lithium- ion technology, the latter being slightly heavier on your pockets and yet completely renewable and recyclable, the running cost is anywhere between a third to one- sixth to that of their conventional models which comes to a whopping 50- 60 paise per 3- 4 Rupees of the conventional variant. Also, various features that assist with preventive maintenance, real time tracking and many other factors are helping to make these the new norm. With the help of these features, business owners are able to contribute towards choosing more energy efficient alternatives with the promise of a low carbon footprint and proactively encouraging a direct player in making a dent in the urban pollution rates by switching out to the futuristic electric mode of mobility. What’s more is that electrical vehicles are as much as 30% cheaper to maintain than their conventional counterparts.
An independent study conducted by the CEEW Centre for Energy Finance, the electric vehicle market in India is expected to be a $206 billion opportunity in India by 2030 if steady progress is made in the field to ensure growth. Similarly, the India Energy Storage Alliance projects reported that the electric vehicle industry in India will grow at a compound annual growth rate of 36% till 2026. Irrespective of the projected rates, India still offers one of the largest markets in the segment of the electric automobile industry.
Even though the Indian markets have proven to be very accepting of electric vehicles thus far, there are still many challenges that need to be conquered. The most commonly sought-after electric vehicle models in the Indian markets are primarily lead-acid battery-based models that are low-powered and lack the stability that Lithium-ion batteries offer. This makes the choice of lead-acid batteries the common choice even if they are not as environmentally friendly as Li-ion batteries as they can be completely recycled.
Furthermore, the next most common challenge is the primary investment towards the charging stations. Other than this, the next obstacle in the realization of this dream is the financing as only certain banks and state-established facilities offer exclusive options that ease the financing to opt for loans and any other financial assistance in the procurement of the vehicles.
Nonetheless, the popularity of electric mobility solutions doesn’t seem to be going out anytime soon and they are expected to grow steadily for at least a few more years. With the advancement in technology and continued assistance and encouragement from government and private stakeholders, it is possible to switch out the Indian roads with the more energy-efficient electric mobility technology that would help in finally making a substantial dent in the emissions and hence contribute to a healthier tomorrow.
Taking on the regular commuters and office- goers in most major cities in the country, electric vehicles come with an endless number of specifications based on your needs.
Not only that- the ergonomically designed eRickshaws also present the owners of the rickshaw to customize it however they please. All this and more, electric rickshaws come highly recommended especially due to a large number of subsidies having been announced by the government in recent years.
In a move to popularize eRickshaws both for personal owners and business proprietors who may buy and rent out vehicles to drivers as a business, subsidies and financial perks have been announced by various nationalized banks offering loans at very attractive rates. With so many advantages to the buyers of eRickshaws, let us help you understand the pricing of these vehicles.
The electric rickshaws can be sold with and without the batteries. The price of the battery alone depends on the type and the amount of charge it holds and costs anywhere around 0.5 lacs going upwards depending on the model, make and specifications. Companies as well as dealers offer various pricing ranges in order to attract potential customers to purchase the model of their preference depending on the needs of the buyers.
Other than the price of the battery, the next bracket of inescapable expense is of the transport office for the paperwork and the permit. This obviously varies with respect to the state's RTOs but the upper limit to the expense of the paperwork including registration can come anywhere between ₹25,000 to ₹30,000.
Since most state governments have announced subsidies towards helping the eRickshaw buyers and potential owners, the cost of SGST has been greatly reduced or in some cases is non- existent. At the rate of 5% GST in any case, the buyers can expect anywhere between ₹3000- ₹4,500 towards the purchase of their desired model of eRickshaw.
Also, if a dealer is assisting you in the purchase of the vehicle, a small margin of the price may also be a part of the commission of the middle people involved.
The most basic design of the minimalistic 2- seater eRickshaw begins with a base price as low as ₹ 60,500! Including the prices of various modifications offered, the on- road price for the basic models may go up to 1.3 lacs including aesthetics, the price of the battery and all other costs. The pricing gets a little higher for the 4- seater and 6- seater models depending on the specifications and can reach up to ₹1.5+ Lacs.
Syndicate Motors line of eRickshaws are a 4+1 -seater, designed ergonomically and come with various modifications as per buyer needs. The variations simply being the accessories that each of the models come with, they have a very slight price difference between the Delux and Super Delux models of eRickshaws- very standard for most electric rickshaw manufacturing companies. These electric autos mostly come within a base price bracket of ₹64,500 and may go higher- as much as ₹70,000.
The cost of this base price more or less stays approximately the same for most of the models of electric auto rickshaws irrespective of the make and brand of the model of electric auto you intend to purchase.
The on-road price for the Delux model of the electric rickshaws from the Syndicate Motors range can reach an upper limit of ₹1.42 lacs with overheads depending on the specifications. Similarly, the Super Delux models can price up to ₹1.45 lacs depending upon the personalized specifications that you might opt for. Some of these are a fire extinguisher, FM with Bluetooth, curtains and an LCD screen to assist the drivers in parking!
The last few years have seen a steady rise in the popularity of electric automation and hence there has been a steady rise in the demand of electric vehicles in the last few years with people opting for electrical means of transport. eRickshaws are taking over Indian roads at an unprecedented rate, soon becoming the new norm. Coming with specifications of all kinds and highly personalized features, they have already begun to make a sizable dent opposite their conventional fuel run counterparts of both CNG and diesel fuel run auto rickshaws that have been on the roads since years.
The finiteness of conventional fuels and the massive emissions that have been released in the atmosphere as a result of rampant use of fossil fuels have contributed extensively to global warming. This realization has helped in bringing about a very proactive undertaking at the international level to turn towards more environmentally sustainable options.
eRickshaws have in many ways, redefined the mundane daily commuting by eliminating the looming worry of soaring fuel prices and come with a very promising deal of zero emissions. In most major metropolitan cities, it is primarily with the hope of fighting the ever-rising levels of pollution that they have delivered and hence gained the great amount of popularity. The paramount change that they were able to bring as they hit the markets have been incomparable from both stand points of the buyers as well as the commuters. In this regard, let’s explore a little more about these electric autos and understand a little more about electric rickshaw batteries.
As the name states, eRickshaws run using the electricity drawn from batteries. One of the biggest advantages of electricity as fuel is that it can be harnessed in abundance in many ways hence making it an infinite resource. Depending on the geographic location and the ease of availability of resources, electricity can be harnessed and the same can be used to charge the batteries of the eRickshaws and other electric automobiles.
The batteries used in these electric vehicles may either broadly be lead acid batteries or Lithium-ion batteries. Lead acid batteries are the conventional ones that require the electrolyte- in this case distilled water to be regularly refilled. They lose charge faster than they get charged. So, in the short term, while this may seem like a better option, in the long run, the lead acid batteries have a shorter life.
The Lithium-ion batteries come with a much longer life along with the capacity to be almost completely recycled as a lot of metals are involved in the making of the battery. They also come with the ability to take up charge much faster than draining. Lithium-ion batteries are made using lithium in combination with one or more metal ions in combination in their oxidized states. Depending on the needs, the types of metal ions being used in the batteries may vary with the most common ones including cobalt, manganese, cobalt, iron phosphate etc.
The most commonly used battery in case of electric rickshaws however is a Lithium nickel manganese and cobalt oxide batteries and these are also used in electric two-wheelers often. However, it may vary with specifications based on the manufacturers. It is also advantageous on many fronts including that it self-heats very slowly. While these are cost effective, they also have a longer battery life and fair well when it comes to performance.
A very common term that you might come across when researching about electric batteries is specific energy or the capacity of the battery. Very simply put, it is the amount of energy that can be stored in the batter with respect to its density expressed in watt-hours per kilogram. In case of automobile batteries for electric vehicles, this is anywhere between 150–220Wh/kg depending on the make and model of the batteries.
Lithium-ion batteries are recyclable by about 80% of all the parts used in them. In recent times, there are newer avenues that are coming up with technologies to be able to recycle the remaining parts of the electric batteries to promote and encourage the switch to more feasible options of technology over conventional and older technologies. Let us contribute and take a step towards sustainability!
In recent times since the beginning of the pandemic, while the most staunch and well-functioning business models have crashed, the logistical chain has only seen an enormous rise in demand. With the masses ready to pay tremendous prices over safety and the convenience of getting their needs delivered to the doorstep, the last mile connectivity that is able to keep the buyer-seller cycle complete is majorly contributed to by these eLoaders. Unlike heavy vehicles, they are the more commonly opted choice for smaller-sized consignments due to ease of movement in city limits.
Even though electrical vehicles as a concept have been around for a few years now, they are yet to gain the same amount of popularity on both large scale and logistical fronts. Just like electric cars and eRickshaws, there are equivalent models of transportation available even for goods becoming available. E-Loaders hit the markets a little shortly after much success that was received by eRickshaws and electric autos and they have by now, begun to prove their mettle.
Similar to small logistical three or four wheelers, eLoaders serve the purpose of being the last mile connectivity and help in being an important link of the supply chain. With the advancements in electric automation, eLoaders have paved the way to the future of logistics and management of goods in demand.
Coming with an array of modifications and specializations as per necessity, eclectic loading vehicles can be made to custom fit your needs of execution based on logistical planning. So whether it is plumbing essentials to a farmer’s market, your logistical challenges can be a thing of history.
The last decade has seen unprecedented developments in market demands of all kinds. In the age of the 21st century’s consumerism, there is a constant threshold demand for products of all kinds. From the producers’ factories, the seller’s shops and till the buyer’s door, providing simplified strategies for market need solutions have seen drastic reinvention.
In such times, the backbone of the supply chain is being met with the help of tertiary movers such as small scale three and four-wheeler cargo movers. This is highly relevant even in the currently prevailing uncertain times of the pandemic. If anything, the demand of various products, even though labelled inessential, have only seen a rise throughout the duration of the pandemic. eLoaders in such times can be exactly what the Indian roads and consumers need in order to ensure connectivity and timely consignment deliveries.
The most important reason why electric loaders are an advantage over other mini loader vehicles is the long-term expenditure in the aspects of fuel. In a survey conducted, 65% of conventional loader proprietors expressed their concerns over the diesel models and how sky-rocketing fuel prices have been continuously biting into their profits.
“The major challenge is that most of the expenditure in the business is towards diesel or CNG. The delivery guys and the drivers are given the remaining mostly.” said Mr.
The running cost of an eLoader even after including the preliminary installation towards the battery charging outlets still outweigh the long-term investment towards the fuel expenses of conventional loader vehicles.
Parallelly, most eLoaders also come with extremely customizable features depending on the needs of the user. Whether it is local vegetable vendors, spare parts of vehicles to plumbing solutions, eLoaders come with a promise of efficiency and versatility in compact sizes.
Apart from these, it is undeniable that eLoaders are a step towards sustainable and eco-friendly by contributing to the zero-emissions dream that is being proactively invested on multiple fronts and agencies.
It cannot be denied that the current day problems are extremely different and hence need novel solutions. Whether it is the aspect of supply chain or the sudden rise in people seeking the convenience almost everything in the comfort of their houses, the challenges of maintaining small businesses during the pandemic or the steady surge in conventional fuel prices in the last decade, none of these come with a one stop solution as simple as opting for electric loaders and electric automobiles.
One can hardly deny the many solutions that electric loaders bring to the table. Without compromising on being the most vital element in holding together the pressure of meeting the demands of the population, eLoaders are indeed the future of logistics and convenience at your doorstep!
Want to see our Three Wheeler 2021 E-Rickshaw Demo ? Have a look at it here
It has been almost a year and a half since the beginning of the COVID-19 pandemic and if anything, it has absolutely reoriented our perspectives and choices towards travelling and commuting. With the transportation industry bearing inconceivable losses, it has been projected that even after the pandemic ends, they may not go back to the earlier levels of demand due to safety concerns among so many more.
The most cost effective way of dealing with the skepticism of safety during these times would be opting for effective and convenient modes of transportation and of the many ways one can do this eRickshaws take the cherry! Battery operated electric autos have rapidly been replacing the conventional diesel and CNG run autos on the roads.
In light of making energy efficient choices and promoting the electric vehicle industry, both the center and state governments have made it a part of their agenda and are working collectively towards achieving this goal. Some of these plans have already come to fruition with a surge in the field of eRickshaws and the various subsidies that the government has rolled out, easily seen on the streets of places like Delhi, Ghaziabad, Varanasi and many more. But what is it like, to be a passenger or the driver of an electric vehicle during these times?
“Being an auto rickshaw driver is an extremely dynamic profession. As a driver, I do my best to ensure that my passenger feels safe. I clean the inside of the rickshaw often between rides and have a sanitizer dispenser installed.” says Sanjay Dankar, an eRickshaw driver who takes pride in being the one offering the convenience of a safe commute at the doorsteps of passengers in need. In the ten odd years of him being the driver of an autorickshaw and a little shy of two years since he invested in the eRickshaw. Some of his older driver friends reminisce about the olden days before the pandemic and the announcement of lockdowns and talk of deserted roads but try to look on the brighter side with most people stepping out even though COVID-19 is on the rise.
The eRickshaw industry has seen peak levels of public response by many rickshaw owners and business proprietors with a surge in investment. An increase in investments during late 2019 and early 2020 were able to attract a lot of public attention and hence receive the traction it needed to promote electric auto rickshaws in the Indian market. Due to this, the commuters themselves very eagerly, gave electric rickshaws the chance they deserved.
Simran, a resident of Delhi spoke to us about her journey with electric auto rickshaws that she has been frequently using to reach her workplace lately. “It was so challenging to get to work when they announced lockdowns. I am a primary healthcare worker and the hospital I work at is too far for me to drive to. In the absence of public transport and a shortage of taxi services, getting to work itself became a task! Thankfully, some of the eRickshaw services that are still functioning and one of the drivers has become almost regular and helps me get to work.”
Unlike the conventional auto rickshaws, eRickshaws come with a sleek and modern design that eases personalization, hence making it easy for eRickshaw owners to personalize it based on need. Some owners have lately been able to put a sheet in the double seater electric auto rickshaw to make sure that the passengers commuting are able to maintain some amount of distancing norms even during their trips. What more could any regular commuter seek in a vehicle- safety with an advantage of being easy on the pockets all throughout the journey; this makes the people get more and more comfortable with opting for electric rickshaws.
The popular option of choosing an electric rickshaw for commuting comes with a great added benefit of being environmentally conscious, all while not having to overpay while opting for the smarter and energy efficient alternatives to conventional fuel run auto rickshaws. A win in either case, eRickshaws pave the way to a future even through the challenging and bleak times of the pandemic by proactively adapting to the need of the hour.
After all, being happy-go-lucky while getting to work where a long day awaits you is a promise that electric rickshaws and their owners deliver. So, the next time you hire an e Rickshaw for a ride, kick your feet up and enjoy as you cover the distance to get to your place of work!
Electric Rickshaws have been around for the past decade or so, and even more so after their legalisation in 2015. The number of electric rickshaws on the road has increased by a huge number. The total electric rickshaw fleet of India is greater than China’s electric vehicle fleet.
This increase in electric rickshaw has led to impact businesses in a greater way. The rising concern regarding the climate has led to more people investing in electric rickshaws. In the foreseeable future, the number of electric rickshaws on the road would be greater than auto rickshaws and petrol/diesel vehicles.
One of the major benefits of electric rickshaws is how quiet they are. Businesses have begun to realise the positive impact it has on the environment and its effect in reducing noise pollution. They also run almost silently at lower speeds, which contributes to noise pollution. Although, this silence in vehicles can adversely affect the visually impaired. Hopefully, in the near future, businesses will have technology that combats this as well.
Electric rickshaws have become the default mode of transport for a lot of people. And as people continue to choose electric rickshaws to commute, the number of electric rickshaws on the road would keep increasing. This is great for business because all their manufactured rickshaws would be sold and they would incur a greater revenue.
Electric rickshaws are also cheaper, so a lot of daily wage earners invest in them. It takes a fairly small amount to get an electric rickshaw business going. This is also helpful to the businesses because they introduce newer models of electric rickshaws for people for their conveniences which in turn increases their revenue earned.
The rise of electric rickshaws has also convinced businesses into adopting alternative sources of energy, since electric rickshaws survive solely on electricity. The more use of alternative energy there is, the more the environment heals. The businesses have started to realise the impact electric rickshaws have on the environment, and more businesses will sooner or later manufacture more electric vehicles on the whole and contribute to the environment.
Businesses are also on the lookout for vehicles that combat environmental issues. They feel a sense of responsibility to the environment as the manufacturers of vehicles that run on the road. For as long as there is a need for an environment-friendly mode of transportation, the impact of petrol/diesel vehicles will be adverse as the era of electric vehicles takes over.
Syndicate Motors is a manufacturer of electric vehicles that combat environmental issues and economic issues in India. Join us in our fight for a sustainable environment as well as a cleaner and greener India.
Being one of the most integral aspects of urban transportation, rickshaws bridge the gap between public and private choices of mobility. However, with development taking over the globe, the slower pace of these rikshaws seems to have started posing a threat to their existence which is what gave birth to E-rikshaws!
In the last decade, electric vehicles have also been seen as a solution to some of the most major pollution crises being faced on a global level. With E-rickshaws rising in popularity, this has not only been a strong step towards going green but, it has opened a world of opportunities towards effective green entrepreneurship to promote the same- This shift was also seen in supply chain management and disbursement.
In about 15-20% of any urban or metropolitan cities, commuters on an average rely on rickshaws to reach their destinations.
While buses and metros do offer a much larger proportion, their network connect major stops and not the precise destinations which is why, the last mile of connectivity bridging this gap is offered by the convenience of cabs, carts and rickshaws- A lot more inexpensive than taxi service of the cities, rickshaws play a huge role in allowing the luxury of personalized convenient transport.
These great ‘convenience- personified’ vehicles with three wheels known as rickshaws, have not only been used as a means of commute for the urban populace but also has been used for light weight cargo and logistics based on the needs of various parties as they are most versatile and can be modified very easily. Whether it is e-commerce platforms or vegetable vendors, at some point in the delivery chain, it’s a certainty that rickshaws would indeed be a part of this glorious transfer and exchange cycle.
Managing supply chains comes with its own share of challenges where long-term deliveries require various modifications such as refrigeration. Rickshaws on the other hand, due to their compact nature essentially bring down delivery time due to their compact nature, hence making it a perfect fit for both urban and semi-urban areas. With the endless amount of convenience that rickshaws present, how does one make this more efficient- go electric!
The automobile industry has seen an incredible boom in electric models since the last decade with the consumers becoming more and more energy conscious. A major step towards reducing the dependence of fossil fuels consumption as well as the sky rocketing energy rates, electric vehicles pave the way to a future. With a great deal of investment being undertaken in the direction, green energy variants of automobiles and transportation are expected to overtake their conventional counterparts within the next 25 years. Using electric rickshaws in the network of logistics is extremely apt given these scenarios.
While taking a step towards green emissions is an obvious promise of electric rickshaws, this presents a multipronged approach to stand against the odds posed by the use of various conventional modes of fuel.
Being able to cut down on the diesel and CNG needs, this would impact the pollution levels in the greatest of ways. This would also reduce the dependency on conventional fuels which generally pose an operating cost coming to a minimum of ₹4-5 per kilometre where as the electrical variants would merely amount to less than ₹1 per kilometre. In the long run, electric rickshaws would hence be a very cost effective to the owners of this vehicle. This all comes while being mindful of the non-renewable sources of energy which are depleting at an alarming rate.
Not just limited to the area of logistics, electric rickshaws for rent in urban settings are becoming more common. Available in multiple designs and models, they take a smarter approach to personal mobility offering a much spacious design incorporating the advanced technology of clean energy alternatives.
With the Government of India having recognized multiple challenges posed by the ever-increasing demand on traditional fuels, they have rolled out various initiatives and incentives to promote the manufacturing, supportive infrastructure as well as the adoption of electric vehicles including rickshaws. Inclusion and expansion of electric rickshaws in metropolitan cities would provide the much-needed encouragement for the public to opt for these novel energy efficient automobiles.
Both government and private stakeholders who are trying their best to promote and implement these programs have indeed been doing their homework in trying to design ways to achieve this. In addition to focusing on setting up charging stations, there are plans being drawn up to have the stations as close as 3-4 km in urban and metropolitan settings to ensure the presence of sufficient ports to allow the users to make the transition to electric vehicles an effortless endeavour.
It is safe to say that E-Rikshaws are the future of transport. Along with being a cheaper mode of travel and enhancing last mile connectivity (being easy to find at some metro stations and other high traffic corridors), they are non-polluting and environment friendly which is bound to be great for our country’s future.
On top of this, E-rikshaws are a great source of employment opportunities for the poor, who can’t afford to buy auto-rickshaws and busses.
Another fact that makes E-rickshaws worth the investment is that they are bound to open doorways to some great opportunities like Introduction of charging spots by government/vendors at various locations, introduction of e-rickshaw stands to make parking easier as well as providing first and last mile connectivity to a large section of the population to decrease the share of private vehicles on the roads.
They can also become the efface of equality by providing a good set of safety measures for female drivers and therefore, making travel safer for female passengers.
All of these fabulous changes can be brought in our country by taking just one simple step- Shifting to E-rickshaws- Are you ready for a brighter, safer and cleaner future? The decision lies in your hands!
With the alarming rise in pollution levels and the heavy burden that the usage of fossil fuels has led to an accumulation of air pollutants contributing largely to global warming, opting for renewable sources of energy is the only sustainable future. With international recognition of the challenges being faced, using alternative sources such as renewable energy are the most promising way in the current times. With the Paris agreement signed not very long ago, India is well on its way to setting the right tone by taking a confident step towards achieving these goals.
The dream of zero emission and its realization in the years to come relies on various government and private stakeholders and policymakers. To promote the booming electric vehicles industry and in turn, be able to meet the numerous goals in achieving this, innumerable steps have been taken by the government at both the state and central levels to bring this to fruition.
In 2015, the government of India launched the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme for a two-year period with an initial budget of ₹795 crores which was further extended till 2018 September. It was a four-pronged approach to focus on the development of technological development, demand creation, setting up pilot projects and changing infrastructure.
The FAME 2, a more recent addition which is to last till 2022 has been proposed to have an outlay of ₹10,000 crores. With a great deal of electric vehicles already on the road, this will boost the already existing user’s morale and in turn encourage more to follow. Various policies have been put in place to offer incentives to the people who would want to contribute by being a part of this endeavour.
Subsidized rates of interest
Keeping in mind, both the buyers and the manufacturers, the subsidies would be offered to both parties. The development costs of the automobile including that of the batteries and the electrical motor parts would come at subsidized rates, hence helping the manufacturer reduce production costs and in turn, reap a bigger turn over.
At the same time, buyers for both private and commercial use would be offered subsidized loan rates for the procurement of the vehicles. Banks offering loans for the procurement of electric vehicles would be offering Zero-interest loans such as electric 2- and 4-wheelers as well as electric rickshaws and eCarts.
Subsidies for Charging Stations
Setting up charging stations keeping in mind the power distribution as well as the location is of great importance as this is very necessary to keep the network of electrical vehicles up and running. EV charging stations in city limits have been projected to be at around 3km distance from each other in a grid-like system. Depending on the vehicle model and battery volume, both slow or fast charging stations would be made available with the stations earning upto 100% subsidy on the cost of chargers and transformers at highways where the charging stations are expected to be set up at a distance of 25-50 km on both sides of the highways.
In states such as Tamil Nadu, the government plans to set up charging stations in the parking limits of government offices itself to promote EVs among their employees. Depending on the volume, 10kWa lines may earn a subsidy of ₹30,000 per month
State Level Policies
At the same time, it has been proposed that e-vehicles have a different registration than the conventional models for easier recognition. Various policies including many of the state government subsidies offer electric vehicles to be exempt from paying road taxes for a period of 2-3 years since the registration. RTOs would also be assisting in making the price of registration absolutely free of cost. The state governments take it a step ahead in some cases and have also announced exemption from the SGST bracket that would be involved in the cost of purchasing the electric vehicles.
Subsidies for eRickshaw Owners
Rickshaws can be both a personal and a private enterprise. In case of eRickshaws, subsidies were offered to both drivers as well as business owners who would prefer renting the rickshaws to drivers. A profitable venture, the electric rickshaw would cost around as much as the conventional diesel and CNG models except they would be eligible for zero-interest loans as well as negligible to very low costs of permits and registrations.
Business owners on the other hand would be able to avail the loans at an extremely subsidised rate of interest as well as an exemption on SGST, registration as well as permit expenses. This degree of promotion of electric rickshaws is aimed at securing high dividends and endorse the eRickshaws to the extent that they become the norm of choice of the common public that rely on rickshaws for their daily commute.
Promoting the switch to the EVs from conventional fuel run vehicles in a country with an increasing automobile demand needs to be supported from various prospects. To achieve this, governments at both centre and state levels have opted to strongly encourage the individuals in this endeavour.
There have been proposals to give preferential entry and parking in densely congested zones as well as setting up separate lanes on FASTag and tolls. To boost this, the green license plates for the EVs have been approved by the government.
Advocating and assisting in the advancement of energy efficiency as well as green fuels and electrical vehicles, the government of India has left but no stone unturned in their strive to change the model Indian roads. Motivating the buyers to invest in the greener tomorrow with the help of advanced solutions to simple issues is one of the best ways to tackle the EV market. This approach has been increasingly offering promised outcomes making electric vehicles the more popular choice among vehicle owners and hence, making the dream of zero-emissions in India a very realizable possibility.
The Indian automobile industry has been on the receiving end of an ever-increasing demand in the last few decades. Public and personal means of transport seem to have almost doubled causing the environmentalists to raise alarms and promote the need of the hour- making sustainable choices.
Facilitating greener choices, an increase in the options for public transport has been a one stop solution to battle the pressure of fuel demands. In such a state, autorickshaws have been an integral aspect of mobility all across the country. With eliminating the extremely high price brackets of taxi cabs and yet promising a commute of convenience, rickshaws have been wonderful middle ground. With the launch of electric rickshaws, the demand taken a turn to greener emissions.
Convenience and Cost Effectivity
While CNG presented an easy alternative against the diesel variants, the prices of both fuels seem to be rising at unprecedented rates. Electric rickshaws on the other hand require a very low amount of investment on fuel in the long run costing anywhere between 10- 20 times cheaper than their CNG and diesel varieties. Helping to cut down on the dependency on fossil fuels for their operation, in the long run, electric rickshaws will earn a much higher turnover.
The most surprising aspect of this is that they cost almost the same as their conventional cousins. An electric rickshaw, depending on the model would cost a buyer anywhere between 1.5-2 lacs with the prices going higher depending on the make. Due to the recent surge in the prices of petroleum-based fuels, this would be an added convenience to choose electric rickshaws for your next ride- they are easy on the pockets for the owner and you.
A Step Towards Greener Emissions
Offering the lucrative promise of being easy on the pockets, e-rickshaws are also extremely helpful to promote zero emissions. In urban populations, the increasing air pollution has been a challenge to control. Even though the government of India has been taking steps to promote the shift of focus of the automobile industry to the more renewable lithium ion and other electrical sources, with the Paris Agreement of 2017, this has been put into hyperdrive.
In the last five years itself, more and more people have begun to consciously make the energy and environment conscious choices than in the last entire decade. Electric rickshaws help in paving the way to healthier cities with a commitment towards reduced air pollution. Responsible for about 20% of the commuters in most metropolitan cities, being replaced by electric variants would mean that at least a fifth of the contribution towards air pollution can be completely cut down.
The capital of the country listed as the city with the worst air quality index, this poses an extremely high number of challenges for people living in the city. Air quality and particulate matter are helpful in the risk assessment for the development of various health complications ranging from asthma to cancer. Parallelly, it also drastically deteriorates the health of people who already have long-term health complications. Adding to these is the daunting levels of global warming which is a direct result of the rampant use of fossil fuels, making it an uphill climb to achieve “zero emissions”.
Catering as a daily means of commute in over 80 cities across the country, it has been projected that the number of passengers relying on rickshaws are bound to go up more than two folds from 229 million in 2007 to around 482 million in 2031. With such projected rates of increase in demand, the convenience of opting for public transport will only pose more challenges.
The interplay between increasing demand met with increased prices however in this case, would be a contradiction. The investment in case of electric automobiles is being tackled in a multipronged approach with the government and the various private stakeholders involved. From offering subsidies to the electric automobile industries to making it a smooth process for buyers, the Indian government has clearly made it an integral part of their mandate to make it a clean transition.
With Ola and Uber going the extra mile and including rickshaws in their goal to promote connectivity, eRickshaws are no longer a thing of the not-so-near future. As the cost of owning a vehicle seems to grow exponentially, so has the need for smarter modes of public transit in ways other than bus and metro. Personalized transit options such as taxis and rickshaws continue to offer this luxury. Adding to this, the electric rickshaws will certainly help in lowering the demands on petroleum-based fuel sources and hence making it possible to achieve the dream of zero emission for a greener tomorrow.
Electric Rickshaws have been the last-mile connectivity for the past decade or so, with the number on the road only increasing rapidly. They have proven to be the cheapest and the easiest mode of transportation across cities.
Starting an electric rickshaw business is not too much of a hassle and does not involve a lot of paperwork. Electric rickshaws are provided on an EMI by a lot of manufacturers. They pose as a gateway to independence for both men and women in the poor and underprivileged societies and to be the breadwinner of the family. Even working individuals can invest in an electric rickshaw and rent them out to earn a decent amount on the side.
An electric rickshaw is cheaper than most petrol/diesel vehicles and is preferred by many as means of public transport. They incur an initial investment of about 1.5 lacs per vehicle. Investing in a number of electric rickshaws is great if you are looking to rent them out, incurring a cost of about 10 lacs if you purchase 8 - 10 rickshaws. You could rent these rickshaws out for a minimum of INR 300 - INR 350 and generate a daily income of close to INR 3000.
It is also essential to note that rental of electric rickshaws incurs other expenses such as electricity charges and maintenance or repair of the vehicle which would take approximately INR 1000 per day and INR 600 per month respectively. Owning numerous electric rickshaws would also mean that you would need a parking space for all of them, which would also require investment.
Here’s a mock plan that gives you an idea of how much you can earn from an electric rickshaw business on a monthly basis with a minimum of 5 electric rickshaws:
|7||Revenue (5 rickshaws)||Rs.60,000|
An electric rickshaw rental business is the most smart and viable form of business, not just for you but for the drivers as well. And with the growing demand for electric rickshaws as well as the plans being initiated by the government for them, electric rickshaws will soon become the face of public transportation.
Syndicate Motors is a manufacturer of electric vehicles that combat environmental issues and economic issues in India. Join us in our fight for a sustainable environment as well as a cleaner and greener India.