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Neoshy Singh
Student • 1y
Boom of EV and how can India beat it's competition? (part-1) But before understanding this sector we need to know why there is suddenly a rise of EV? The reasons can as below- 1. UN has imposed carbon emission tax on developing countries in 2021 to control global warming, so India and other developing countries need to be carbon free till 2030. (Hopefully) 2. Fossil fuels are depleting at a fast rate and this it has impact on nature. 3. Vulnerability of Indian economics when OPEC countries has any minor issue in supplying oil. What makes a system of EV? The key components of EV- 1. Cell manufacturing, Battery Management System and packaging EBITDA - 20% 2. Ev components - makes the significant parts of EV like motor, cooling system, DC-AC convertor, etc. EBITDA - 7-10% 3. Software and telematics EBITDA - 15-20% 4. New age OEM ( Original Equipment Manufacturers) EBITDA - 8-10% 5. Charging ecosystem EBITDA - 8-10% We'll see how this market affect India later.
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