Rail Analysis India Dec Edition 2017 Digital Magazine | Page 90

90 | Article
12 th INTERNATIONAL RAILWAY INFRASTRUCTURE EXHIBITION
INSPIRING BETTER RAIL NETWORKS
THE
RECRUITMENT
WALL
THE TRACK
EDUCATION
& TRAINING
LIVE PRODUCT
DEMONSTRATIONS
HIGH-PROFILE
SPEAKERS
INNOVATIONS
NETWORKING
Electric Cabs
Metro Rail
Understanding Shared EV
Transportation for India:
Electric Cabs vs Electric Buses
(& RBT) and Metro Rail
PROJECT
UPDATES
HUNDREDS OF
EXHIBITORS
Electric Buses
THOUSANDS
OF ATTENDEES
Shivkumar Kalyanaraman
Program Director, Special
Initiatives, IBM Research -
India
1- 3 MAY 2018 EXCEL, LONDON, UK
www.infrarail.com
Visionary technology and
business executive with deep
technology skills, strategic
insight, client/business
development experience and
delivered business impact
across USA, India, Asia Pacific
(Australia, Brunei, Singapore,
Thailand, Indonesia, Malaysia),
Middle East.
Conventional wisdom is that electric vehicles are VERY VERY costly for India.
Or are they really? How quickly can we see meaningful penetration in India? To
first approximation solar was expensive in 2009, but has achieved grid parity
now, similarly energy storage and EVs are expensive now, but will be where
solar is today by 2020 (i.e. 4-5 year lag w.r.t solar).
The government has an aggressive target of 2030 All-Electric Vehicle sales
target. This article argues that while the current market is miniscule, the
aggressive battery price decline trends, and the adoption by early “shared EV”
markets will be the beachheads leading to aggressive personal EV penetration
in the 2-wheeler and 4-wheeler markets. The Mahindra e2o is priced under Rs.
6 lakh (w/ a monthly energy fee) and the Ather scooter is expected around Rs.
1L about 50%+ premium to comparable sized products.