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Industrial3466758301192984138192239275310337391417
Products39087583011973108161215270321356403
Finder,433675830119689515020425729246277585011725
Annual46777585011766120174229282305
201950077585011771129184241
29552867583011959117176
COVER4483361017894190271357455
STORY4976361017887161256355431
million496826011481104127150173227279
hybrid80482601145294149182205259
and1091826011454107162
all-EVs128182601145477100134184239278
in158782601142376
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this,159593901142477100139167
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January496105101143791144196250283325
2017,8491051011456112168224252
the1129105101142578127
central1284105101144291144169202256279
government4961163011454108151200233286367415468493
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it1215116301142348
would12911163011465119171194249
bear15681163011454103157190
up17861163011452107
to1921116301142478
604961276011456112
per6361276011454103137
centof801127601144291144169223250
the1079127601142578127
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and16141276011454107162
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(R&D)1057138801142778142211238
cost1323138801144397135160
of1511138801145482
developing4961500011454103146195218272326349402456
an9801500011454107
indigenous1115150001142376130153208257309364415454
low-cost1597150001142377143180224278317341
electric496161201144972121163188221244287
technology.811161201142573116169222276299353407449469
In1308161201142577
fact,1413161201142882125149177
as1618161201145493
recently1739161201143382125174227251274316
announced4961725011454107160214266319361410465
in989172501142376
their1093172501142477126149182
EV13031725011450105
Draft14361725011469102156184208
Policy1672172501144997120143186228
2018,4961837011456112168224252
the776183701142578127
Delhi9311837011469117140193216
government11751837011455109151200233286367416469493
also1696183701145477116170
plans496194901145477131184223
to747194901142579
make8541949011480134181230
Delhi11121949011469118141194217
2513571949011456112
per14971949011454103136
cent1661194901144392145169
electric496206201144972121163188221244287
vehicle811206201144391144167210233282
city112120620114426590132
by1281206201145496
2023.14052062011456112168224252
Pitched60921740114487196139191240295
as932217401145492
the1052217401142578127
future1207217401142779104156189238
of1473217401145481
mobility,15832174011480134188211234257282324344
EVs4962286011449105143
are667228601145488137
fitted8322286011427507599148202
with1062228601146689114167
onboard12572286011454107161215269302357
batteries16422286011454108133157206240263311350
which4962398011466119142184237
can761239801144397150
be9392398011454103
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by1439239801145496
plugging1563239801145477129183237260313368
into496251101142376101155
an6792511011454107
electrical814251101144871120163188221244287341364
network.12062511011452101126192246279326354
Take1588251101144891138187
for1803251101142781115
instance,496262301142376115139193246289338366
JBM890262301143690169
Solaris’s10872623011449103126180214237275303342
10014572623011456112168
per16532623011455103137
centelectric496273501144391144169218241290332357390413456
bus9802735011454106145
ECO-LIFE,11532735011449118201238282306355404434
powered16152735011454108174223256305359
by496284801145496
fast-charging620284801142882120145178222275329362417440492547
lithium-ion119528480114234670123146198279314337391444
batteries,16672848011454108133157206239262311350378
which4962960011466119142184237
can761296001144397150
run939296001143385138
150-20011052960011456112168203259315371
kms15042960011447128166
on16982960011454107
a18332960011454
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charge.Being765307201144295149183237286314367416439492546
a13393072011454
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vehicle,884318401144291144167210233281309
each12213184011449103146199
bus14483184011454106145
would16213184011466120172195249
save496329701143993135184
around708329701145488142194247301
1,0001037329701145684140196252
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of1617329701145482
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emission11423409011449130152191230253307360
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litres88835210114234671104153192
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1016893521011456112
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operation.8503634011454109157191245270292347399427
The13343634011448101149
product1511363401145588142197249291316
is1855363401142361
completely496374601144397177232255303328377400442
customised966374601144294133158212292315354403457
to1451374601142579
Indian1558374601142477132155209262
needs,4963858011453102151205244272
whether7963858011465118167192245293327
it1151385801142347
is1226385801142362
battery13163858011455109133158207240282
throughput496397001142578111165217271324378430455
or979397001145487
fast-charging1094397001142882121145178222275329363417440493547
technology.496408301142573116169222276299353407449469
The9934083011448101150
batteries11714083011454108133157206240263311350
are1549408301145488136
chargeable496419501144396150183237286340394417466
through990419501142578111165217271324
pantograph13424195011455109162186240295328382436489
as1859419501145493
well4964307011466115138161
as685430701145492
plug-in805430701145578130184217240293
charging1126430701144396150183237260313367
system.1521430701143981119144193273301
The4964420011448101150
induction674442001142376130182225249272326379
of1081442001145482
buses11914420011454106145194232
like145144200114234693142
ECOLIFE16214420011449118201496453201144368116166
in690453201142376
the794453201142477126
public9484532011454106161184207249
transportation1225453201142558112165204258312346370424449472526579
system496464401143980119144193273
could797464401144397149172226
be10514644011455103
a11824644011454
positive12644644011455109148171195218261310
step1602464401143863112166
in1796464401142376
addressing4964757011454108163196245284322345398452
the976475701142578127
pollution11314757011454108131154206231254308361
question15204757011454106155194218241295348
in496486901142376
the600486901142577126
city.75448690114436691132152
It934486901142549
will1011486901146689112135
in1174486901142376
turn,1278486901142577110163191
prove1497486901145488142184233
to1758486901142579
be18654869011454103
a4964981011454
quantum5784981011454106160213238290370
jump977498101142374155209
for1214498101142882115
how13574981011453107173
public15584981011454106161184207249
transportation496509301142558112165204258312345370424449472526579
operates11035093011454108157190244269318356
in1487509301142376
India.1591509301142578132155209237
According4965206011459102145199232286309362417
to941520601142478
a10475206011454
study1129520601143964116170212
by1369520601145496
The14935206011448101150
Energy16715206011449102151185239281
and4965318011454107161
Resources6855318011451100139193245278321370408
Institute1121531801142578116141164189241265314
(TERI),1463531801142776125176200228256
vehicular496543001144391144167210262285339372
pollution8965430011455109132155207231254308361
is1285543001142362
responsible1375543001143382121175229282321344398421470
for1873543001142781115
254965543011456112
per6365543011454103137
cent801554301144291144169
of998554301145481
the1107554301142578127
PM12625543011448128
2.51418554301145684140
levels,1586554301142372114163186225253
this1867554301142477100139
means4965655011481129183236275
ECO-LIFE7995655011450118201239282306355404
adoption12315655011454109163217242265319372
would16315655011465119171194249
be19085655011454103
a4965767011454
boon5785767011454108163215
to821576701142579
the928576701142578127
citizens108357670114426590113154203255294
across1405576701145497130184223262
the1695576701142477126
country,496587901144397149202226260301321
both8455879011454109133186
from1059587901142861115196
the1283587901142477126
connectivity1437587901144395146197244284307328369390413453
and4965992011454105158
heath6785992011453100152174225
parameters.9305992011454108141195276325349398432470498
Furthermore,609610401144898132156209258292372426459508536
with1173610401146689114167
governments13686104011454108151199233286366415468493531
across496621601145497130184223261
the785621601142578127
world9406216011466120153176230
aggressively11986216011454109163196245284322345388437460502
looking1728621601142377131178201254308
for496632901142782115
ways6396329011466120161200
to867632901142579
benefit9746329011454103156205232255280
from1282632901142761115195
the1505632901142578127
ongoing16606329011454107161215238291345
EV4966441011449105
revolution,629644101143382124179202253278301355408436
the1093644101142578126
market12476441011481135168215264289
opportunity15646441011454108162217250274326379402427469
in496655301142376
the600655301142577126
space754655301143993147190239
has10216553011453107146
grown1195655301145487141207260
tremendously1483655301142558107187236289343397449488511553
over496666501145497146179
the703666501142577126
years.857666501144291145178217245
A11306665011459
strong121766650114396497151204258
thrust1503666501142578111163202226
from1757666501142861115196
the496677801142578126
local650677801142377120174197
governments8756778011454108151200233286367416469493532
and14356778011454107161
corporates496689001144397130184238272326350399438
will962689001146689112135
result1125689001143382120172195220
in1373689001142376
the1477689001142477126
sector1631689001143988130155209242
growing496700201145488142207230283338
at862700201145478
an9687002011454107
expected1103700201144990145193236261309364
CAGR14957002011469128204255
of1778700201145481
28.34967115011456112140196
per7207115011455103137
cent,885711501144291144169197
between11107115011454103128193242291344
201714827115011456112168224
and17347115011454107162
2026.4967227011456112168224252
So7767227011449103
far,907722701142882115134
the1069722701142477126
total1223722701142579103157180
number14317227011453105186240289322
of1781722701145482
electric496733901144972121163188221244287
cars811733901144397130169
has10087339011452107145
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three1544733901142578111160209
million2197826011481104127150173227279
units2505826011451104127152191
globally.272482601145477131185239262285327347
Around309982601145993147199252306
one3433826011454107156
million2197938011481104127150172227279
new2504938011453102168
electric270093801144972121163188221244287
cars301593801144297130168
were3212938011465114147196
sold343693801143993116170
in363493801142376
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alone,2449105001145477131184233261
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a32801050011454
growth3362105001145487141207232285
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5421971163011456112
per23371163011454103137
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compared2699116301144297177231286319368422
to3149116301142579
2016.32561163011456112168224252
The35361163011448101150
total2197127501142579103157180
number24051275011453105186240289322
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electric2865127501144972121163188221244287
buses31801275011454106145194232
increased2197138701142376119152201255293342397
to2622138701142478
370,00027281387011456112169197253309365
units31211387011452105128152191
and33401387011454107161
electric2197150001144972121163188221244287
two-wheelers2512150001142490144181247299348397420469502541
reached3081150001143382136179232281335
25034441500011456112168
million21971612011481104127150173227279
by2505161201145496
201726291612011456112168224
globally.2881161201145477131186240263286327347
However,23101724011469123188237280329362381
any27191724011454107148
new28951724011453102168
development30911724011454103146195218272326407455508533
in3652172401142376
technology2197183601142573116169222276299353407449
and26741836011454107161
its286318360114224786
incorporation2977183601142275118172205260314347401426449503556
does35611836011454108156195
not21971949011453107132
come2357194901144296177226
without2611194901146588113166220272297
its293619490114234786
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For3545194901144899132
deployment21972061011454103158181235276357406459483
of2708206101145482
EVs28182061011449104143
on29892061011454107
such3124206101143991133186
a33382061011454
large3420206101142378111165214
scale,2197217301143981135158207235
there2460217301142578127160209
are2697217301145487136
challenges2861217301144396150173196244297351400439
in3328217301142376
the3432217301142577126
form2197228601142782115195
of2420228601145582
higher2530228601145376130183232265
capital2823228601144397151174199253276
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for3315228601142782115
manufacturing21972398011481135188239267321364388440474497549604
and28292398011454107161
batteries30182398011454108133158207240263312350
being33962398011455104127179234
expensive.2197251001144990144193246285308350399427
The26522510011448101150
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of3018251001145482
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is3506251001142361
huge21972622011453105159208
as2433262201145493
currently,2554262201144294128161210263287310352372
batteries29542622011454108133158206240263312350
are3332262201145488137
imported.21972735011423104158212245270319373401
For2626273501144899132
the2786273501142578127
total2941273501142478103157180
cost3149273501144397135160
of3337273501145482
ownership21972847011454120173222255294346369424
solution2649284701143893116168192215269322
for2999284701142882115
customers,3142284701144395133158212292341375413441
the3611284701142578127
lifecycle219749810114234673122165207249272321
cost-benefit2546498101144397135160193247296349398425448473
analysis30474981011454107161184226264287326
by3401498101145496
experts2197509301144990144193226251290
suggests2515509301143890145199248286311350
that2893509301142477131156
the3077509301142577126
break-even3231509301145588137191238269319362411464
will2197520501146689112135
be23605205011454103
reached2491520501143382136179232281335
in2854520501142376
five295852050114275093142
to3128520501142479
six3235520501143861102
years3365520501144291145178217
and21975318011454107161
there2386531801142578127160209
onwards,26235318011454107173227260314353381
all3032531801145477100
that3160531801142578132156
will3344531801146689112135
accrue2197543001145497139173225274
to2499543001142478
the2605543001142578127
customer2760543001144294133158212292341374
as3162543001145493
saving3283543001143993135158211266
of3577543001145481
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costs.2624554201144397136160199227
Even2879554201145092141194
if3101554201142350
one31805542011454106155
takes3363554201142579126175213
into2197565401142376101155
account2380565401145496139193245298323
the2731565401142477126
maintenance28855654011480135158210235284337391444486535
cost3448565401144397136160
in3636565401142376
the2197576701142578126
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of2846576701145482
operations,29565767011454108157190245269292346399438466
electric3450576701144972120163188221244287
is2197587901142362
7022875879011456112
per24275879011454103136
cent2591587901144392145169
cheaper2788587901144396145199253302335
than3151587901142578132185
a33645879011454
fossil3446587901142782120159182205
fuel-run2225599101142779128151186219271324
vehicle.2577599101144392145168210233282310
Ways21976216011492151202248
to2475621601143392
resolve25976216011443101147206235289347
Clearly,2310632801146992141195228251293313
a26516328011454
robust2733632801143387142194232257
eco-system3018632801144991145182222264303327376457
that3503632801142477131156
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the2575644001142578126
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to3558644001142478
be21976553011454103
put23286553011455107131
in2487655301142376
place2591655301145477131174223
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a33036553011454
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on29856665011454107
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EV,28386777011450105117
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infrastructure2197689001142376103137191229254287339382407459492541
like276668900114234693141
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up32306890011452107
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an28927227011454107
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role3456722701143488111159
in3643722701142376
creating2197733901144376125179203226279334
a25597339011454
market26417339011480134168215263288
for2957733901142782115
EVs31007339011449105143
and32717339011454107162
shaping389882501143992146200223276330
an4256825011454107
industrial439182501142376130182221246279302356379
policy4798825011454108131154197239
that506582501142577131156
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automakers4406938011454106130184265319366415448487
to492193801142478
align502793801145477100155207
their526393801142477126149182
production3898105001145488142196248291315338392445
with4371105001146689114167
the4566105001142477126
targets4720105001142579112166215240278
set5026105001143988112
by5166105001145597
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government.38981162011454108151200233286367415468493521
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Especially,4830138701144988142191234257311334357399418
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India,3898149901142578132155209237
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(WTE)/municipal39834194011427114162212239279359411464487530553607661684
solid4695419401143993116139193
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(MSW)51764194011428107156243270
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EVs49344531011450105144
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