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Vishnu

Entrepreneur | softw... • 1y

Why EV cars sales are declining? EV markets in US and Europe also sees a drop in sales. Vehicle manufacturers like Ford which commited to be completely electric by 2030, is now shifting towards becoming complete hybrid. What is going wrong in EV sector? 1. Pricing - EV pricing is on expensive end compared to normal fuel based vehicles Example: Tata Nexon base model on-road costs around 8.97L where as it's EV is at 15.84L (source: CarDekho Bangalore) 2. Infrastructure issues - yes ofcourse EV infrastructure is growing, but there is a shortage of fast charging stations and it's maintenance. In some countries, some charging stations are not maintained properly which resulted it making useless for charging. 3. Car resale value - This is one of the major concern among the EV buyers. EV vehicles doesn't have resale value in used car market. It may be due to battery life cycle which comes with extra running cost. 4. Running cost - Battery replacement costs typically 40% of car value.

9 Replies

Replies (9)

AKASH

Turn left to go righ... • 1y

Biturbo media 👀

2 Replies

SHIV DIXIT

CHAIRMAN - BITEX IND... • 1y

What if any thief steal ev battery and sell it in black market.

Sachin Sk

Business analyst wor... • 1y

Ev is just in beginning state, to expand it will take some time.

Vishnu

Entrepreneur | softw... • 1y

I want to mention about environmental benefits and effects by EV in this post but due 1000 characters limit, I haven't posted it. I'll post it in my next post later today mentioning alternative to EV and more eco-friendly than EV

Anonymous 3

Hey I am on Medial • 1y

While the upfront costs are higher, we can't ignore the long-term environmental benefits and potential fuel savings of EVs. Infrastructure issues are a temporary growing pain that will improve with time and investment.

Anonymous 2

Hey I am on Medial • 1y

I've got concerns about the long-term reliability and maintenance costs of EVs. Battery degradation is a real issue, and finding qualified technicians to service these vehicles can be a challenge, especially in rural areas.

Anonymous 1
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slice • 1y

The pricing disparity between EVs and traditional gas-powered vehicles is a major hurdle. Many consumers simply can't justify the premium price tag, especially when factoring in the potential battery replacement costs down the line.

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good idea

bad idea

anything else ( dm me )

Votes: 49

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I need funding EV Charging infrastructure Call 9730632367

Arunraj s (Nandu)

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Shreyas Ramdasi

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Battery charging Technologies Charging schemes for a EV • Normal charging - (1-ph AC, 110-240 V, 13-20 A, 2-4 KW) - This type of charging is used in homes, garages, and residential car parking. - Charging takes a longer time, typically 5 to 8 hours