Electric Vehicle Economics in India — Lesson 2

This lesson covers the economic aspects of electric vehicles in India, focusing on the high cost of batteries and the affordability of electric vehicles for the Indian population. It discusses the types of vehicles commonly used in India, such as two-wheelers, three-wheelers, and small cars, and how their electric counterparts could potentially increase costs. The lesson also highlights the importance of improving energy efficiency to reduce battery size and cost. It emphasizes the need for India to develop its own strategies for electric vehicles, rather than copying Western models. For instance, the lesson mentions a case where improving the energy efficiency of a three-wheeler auto from 80 watt-hour per kilometer to 45 watt-hour per kilometer significantly reduced the battery cost.

Video Highlights

00:18 - Introduction
02:13 - Analysis of the types of vehicles used in India and the potential for electric vehicle adoption
07:07 - India's EV Startegy
08:29 - Importance of focusing on energy efficiency and EVs Costs in India
15:54 - Progress made in improving the energy efficiency of electric vehicles in India
18:56 - Capital and operational cost of EV battery
19:17 - Homework assignment

Key Takeaways

- The high cost of batteries is a significant factor in the expensive nature of electric vehicles.
- Improving energy efficiency can significantly reduce the size and cost of batteries in electric vehicles.
- India needs to develop its own strategies for electric vehicles, focusing on the types of vehicles commonly used in the country, rather than copying Western models.