The emerging landscape of electric vehicles

Electric vehicles are the new paradigm of the automobile industry. The Department of Electrical and Electronics Engineering is arranging an invited talk on the Emerging landscape of electric vehicles-The new era of mobility to discuss how India is gearing up for this huge opportunity and the challenges that come along with the new pattern of mobility. Dr Deb Mukherjee, the Managing Director of Omega Seiki Mobility Pvt Ltd, will handle the session.

About the talk

Globally, almost all OEMs have made plans to switch to nonfossil fuel vehicles. Data shows that out of global production of 90 million/annum, 76% will switch to electric vehicles by 2040. In India, this transition has also started in the last five years with Government intervention. In the field of 2 and 3-wheelers, we are seeing a significant switch to Electrics in the previous 5 years. Government is incentivising demand with incentives like FAME2. In addition to this, on the supply side, there are PLI schemes, etc. Moreover, Government is targeting a 30% conversion to electric vehicles by 2030. Given the Indian automotive industry numbers, this will be a massive scale of electric vehicles in the country. Apart from domestic demand, EVs have the potential to become one of the biggest exporters for India, both in vehicles and components. The opportunity size is more than $500Bn.

To prepare for this tremendous opportunity, we need to start large-scale manufacturing of cells, batteries, powertrains, and other electronic components. The supply side challenges are equally enormous as there is a severe lack of materials, technology, and supply chain in the country. The most important question is how India is preparing for this mega opportunity and the challenges in this new paradigm of mobility.

About the speaker

Dr Deb Mukherjee has done his graduation from NIT Bhopal in the field of Mechanical engineering. In the year 1998, he grabbed his MTech from IIT DELHI. Moving further, in 2009, he did his PhD research on “Evaluating competitiveness of Indian auto components industry with Chinese industry” using the Global Competitiveness model of WEF and published several papers in journals on industrial competitiveness. He had done a lot in science and technology to serve society. Presently, he is the Managing director of Omega Seiki Mobility private limited organisation.