India imports lithium batteries, which has scaled up the cost of electric vehicles (EVs). Battery is the key energy supplier of EVs but it’s a challenge to ensure their long-term performance. “Two issues need to be addressed. First is the energy capacity of the batteries; the second hurdle to consider is the rate at which the energy can be discharged. We need a trade-off between energy control, and the cost and size of the batteries,” said Babu KSV, business head, e-mobility, Automotive motors, Cooling Solutions and Export, Lucas TVS, at the recent CII Karnataka Electric Mobility Conclave.
The internal combustion engine is the core of mobility business, while battery is core to EV business. The price difference between the EV and internal combustion vehicle is steep and needs to be lowered.
Perhaps supportive schemes and scalable measures, innovative technology and infrastructure will help soften the EV price to some extent. Better pricing may create...