JMK Research

Charging Stations – Requirement of more than 20 lakh on the anvil India is at the cusp of witnessing the most prominent transition in the automotive space – that of traditional Internal Combustion Engine (ICE) driven market to a new era of EVs. The pace of EV adoption, though slow, is steady. Post witnessing a small dip in sales in FY2021, the EV sales surged more than 200% in FY2022. In fact, FY2022 was the first year that witnessed EV…

Battery Swapping Policy (2022) – Laying Groundwork for Future Battery Accessibility The Government of India allowed sales and registration of EVs without batteries in August 2020. The immediate outcome of this announcement is the reduction in upfront costs of an electric two-wheeler (E2W) and electric three-wheeler (E3W) as battery accounts for 30-40 percent of an electric vehicle’s cost. One of the other linked outcomes of this decision is the promotion battery swapping in India. Battery swapping is an alternative which…