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Set Up Electric Vehicles Business | High Demanding Industry | |
| A vehicle that powers its motors with electricity is referred to as an electric car. Every year, the popularity of electric vehicles increases as they give drivers the convenience of an automatic gearbox without the inconvenience of gas-powered vehicles. Drivers are recognizing that EVs have many advantages over conventional automobiles, whether they're travelling locally or across the nation, and it's certain that the demand for these kinds of vehicles will only increase in the future. A vehicle that powers its motors with electricity is referred to as an electric car. Despite being around for more than a century, electric vehicles have only just begun to gain popularity. This is due to a variety of factors, including technological advancements and increased public awareness of the advantages electric vehicles have for the environment. People are becoming increasingly conscious of how critical it is to lessen our reliance on fossil fuels and regulate carbon emissions from vehicles in particular. The Tesla Model S, Nissan Leaf, and BMW i3 REx are a few examples of electric cars. All-electric and hybrid electric vehicles are the two primary categories of electric vehicles. Hybrid electric vehicles combine gasoline and electricity, whereas all-electric vehicles run entirely on electricity. Compared to gasoline-powered vehicles, electric vehicles are more efficient and produce no pollution. In comparison to gasoline-powered vehicles, electric vehicles are also less expensive to run and repair. You'll spend less on fuel because they are less expensive to operate each mile than gas guzzlers. The maintenance costs are also significantly reduced because there is no requirement for an oil change. Additionally, since EVs are powered by renewable energy sources like solar or wind, they lessen our reliance on foreign oil. Uses and Application The future of automobile transportation lies with electric vehicles. They are not only more cost-effective and ecologically friendly than gas-powered cars, but also more effective and efficient. EVs have a wide range of uses, including fleet cars for businesses and private individuals. Electric vehicles can help reduce reliance on fossil fuels and enhance air quality with the correct infrastructure in place. Here are a few applications for electric automobiles in modern society: 1) Private auto ownership - 1 in 4 new car sales in Norway are electric vehicles, in part because of the nation's generous EV subsidies. 2) Taxis - 15000 taxis are now serviced by 3 electric taxi operators in London. For drivers who want to charge their automobiles at work or during a break, these businesses have placed their own charging stations. 3) Hybrid electric vehicle: A hybrid EV combines a combustion engine with an electric motor. It works well for short commutes of up to 30 miles or for longer travels where there is no easy access to recharge stations. The transportation of the future will be electric automobiles. They emit no emissions and are less expensive to operate and maintain than gas-powered vehicles. There are several applications for electric vehicles, including passenger cars, buses, trucks, and even trains. Electric vehicles can help lessen our reliance on fossil fuels and improve the air quality if the proper infrastructure is put in place. Indian Market At a predicted CAGR of 21.7%, the size of the global electric vehicle market is expected to increase from 8,151 thousand units in 2022 to 39,208 thousand units by 2030. (2022-2030). In the upcoming years, it is anticipated that the Indian market for electric vehicles would expand dramatically. The market is anticipated to experience a surge in new consumers thanks to the government's promotion of electric vehicles and ongoing support. A feasible option for many consumers, electric vehicles are also becoming more accessible and dependable thanks to ongoing technological improvements. EV Market: Over the past ten years, scientific improvements and the mass manufacture of EV batteries have led to a decrease in the price of EV batteries. As EV batteries are one of the most expensive parts of the car, this has resulted in a fall in the price of EVs. A typical EV battery cost about USD 1,100 per kWh in 2010. However, by 2020, the cost had decreased to around USD 137 per kWh, and by 2021, it had fallen all the way to USD 120. In China, these batteries can be purchased for as little as $100 per kWh. This is brought on by the declining costs of making these batteries, the lower cost of cathode materials, increased production, etc. By 2030, the cost of EV batteries is anticipated to drop to around USD 60 per kWh, which would result in a huge decrease in the cost of EVs, making them more affordable than traditional ICE vehicles. Industry Major Market Players: 1.Ampere Vehicles 2.Benling India Energy and Technology Pvt Ltd 3.BMW AG 4.BYD Company Limited 5.Chevrolet Motor Company 6.Daimler AG 7.Energica Motor Company S.p.A. 8.Ford Motor Company 9.General Motors 10.Hero Electric 11.Hyundai Motor Company 12.Karma Automotive 13.Kia Corporation 14.Lucid Group, Inc. 15.Mahindra Electric Mobility Limited 16.NIO 17.Nissan Motors Co., Ltd. 18.Okinawa Autotech Pvt. Ltd. 19.Rivain 20.ata Motors 21.Tesla Inc. 22.Toyota Motor Corporation 23.Volkswagen AG 24.WM Motor 25.Xiaopeng Motors 26.Honda Motor Co., Ltd. | |
| Plant capacity: Electric Motorbikes:10.0 Nos. Per Day Electric Scooters:10.0 Nos. Per Day | Plant & machinery: 251 Lakhs |
| Working capital: - | T.C.I: Cost of Project:1724 Lakhs |
| Return: 27.00% | Break even: 40.00% |
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We can provide you detailed project reports on the following topics. Please select the projects of your interests.
Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.
We also offer self-contained Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counseling for setting up new industrial projects on the following topics.
Many of the engineers, project consultant & industrial consultancy firms in India and worldwide use our project reports as one of the input in doing their analysis.
Information- One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
- One Crore is equivalent to ten million (10,000,000)
- T.C.I is Total Capital Investment
- We can modify the project capacity and project cost as per your requirement.
- We can also prepare project report on any subject as per your requirement.
- Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.
About NIIR PROJECT CONSULTANCY SERVICES | Hide  |
NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.
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