Ushering in Smart Transport

May 2018
Ajay Arora
 Internal Combustion Engines – the Silent killer ?
 Emissions controversy (Europe & US) – Demise of Diesel ?
 India to Switch to all-electric cars by 2030
 Tesla, the Electric Car manufacturer overtakes the Market
Cap of General Motors

 One in every six cars sold in the world projected to be

electric by 2025 (UBS report)
 Shared
Mobility

Electric
Vehicles

Autonomous
Vehicles

Electric Vehicles (EVs) - the next big thing

 Future of mobility, EVs are fitted with
onboard batteries which, unlike
conventional fuel tanks, can be
charged using electricity. These
batteries, in turn, store and use the
energy needed to power a set of
electric motors, which ultimately
propels the car forward.

 Because an electric car is devoid of

clutch, gearbox and even an exhaust
pipe, it is significantly quieter and
offers a smoother ride than
conventional gasoline-driven
vehicles. When fully charged, a
standard EV is capable of covering
somewhere between 150 km to 170
km before it needs to be recharged.
 First Fleet of Decline of EVs
First known Rechargeable
EV Taxis (Lack of Charging
Electric Car Batteries
(Hummingbirds, infra; Improvement
(Scotland) Invented
London) in ICEs)

1837 1859 1897 1900-50

2018 2008 2004 1997 onwards

Roadstar EVs in new Avatar
Tesla’s Tesla starts
Launched; Hybrids: Toyota,
Market Cap working on
Production Honda
overtakes GM Roadstar
challenges EVs: Nissan, GM
continue
 EVs

Plug-in Hybrid
All Electric *Conventional
Electric
Vehicles (AEVs) Hybrids
Vehicles (PHEV)

Fuel Cell
Battery Electric Electric
Vehicles (BEVs) Vehicles
(FCEVs)

*Conventional hybrids, unlike all others cannot be plugged in; they are fitted with Gasoline tank and
also have a battery pack which is charged onboard. Therefore they are not EVs, as such.
Battery Electric Vehicles (BEVs)
- Powered by Battery Charged
by Electricity from the grid
- Also capable of generating
electricity through
regenerative braking
Fuel Cell Electric Vehicles (FCEVs)
- Fuel cells in vehicles generate
electricity to power the motor,
generally using oxygen from the air
and compressed hydrogen.
- Zero-emissions vehicles, emit only
water and heat

Plug-in Hybrid Electric Vehicles (PHEVs )

- Battery is used to Power the Electric Motor and Gasoline drives the
Internal Combustion Engine
- Certain PHEVs are also known as Extended Range Electric Vehicles
(EREV), with engine switching on after the battery is depleted

Most of the development happening around BEVs & PHEVs

though a few working on FCEVs as well
 No Fuel, Cheaper To Maintain
• Drastically reduces TCO (Total Cost of Ownership)
 More Eco-Friendly, Lower Carbon Footprint
• Though the source of electricity is also of importance in case of EVs
 Less Noise Pollution, Smoother Ride
• Devoid of internal combustion engines and, in general, have less
number of components, electric vehicles are silent than
conventional vehicles.
 As an added advantage, electric motors, being lighter, offer a
smoother drive with higher acceleration over longer distances than
cars running on fossil fuels

EVs to match the convenience of the gasoline car is

important for people to buy an electric car
 New OEMs : BYD in China
(Upgraders from Battery Manufacturing)

 System integrators likely to be winners

(Battery pack, Electric drive, Power electronics & Vehicle interface control)

 The Auto Component Industry : Ready for a shakeup

(Engine & Exhaust system components to become obsolete;
Transmission to undergo significant changes)

 After Sales : Less wear and tear due to 80% fewer moving parts thus
negatively impacting aftersales business
 Global electric vehicle fleet surpassed 1 Million in 2015, later doubled in 2016
 Norway has the highest penetration - electric and hybrid vehicles accounted
52% of its total car sales in 2017
 China, France and the United Kingdom – 1.5% share of car market
 In terms of volume, China accounts for nearly 40% of the world’s total electric
car sales
(Chinese OEMs produced 43% of the 8.73 lac EVs built worldwide in 2016)
 With more than 200 Million electric two-wheelers, 3.3 to 4 Million low-speed
electric vehicles (LSEVs) and over 300K electric buses (as of 2017), China is
currently the global leader in the electric mobility race

 Governments across the world pushing for EVs – only Electric

Vehicles in India by 2030, being targeted by Indian government
 Annual growth (CAGR) of 28.3% projected between 2017 &
2026 - 10.8 Million units globally by 2026 (BIS Research)
 A robust charging infra is a must
 Two main types of plug-in charging stations:
• AC - supplies current to the on-board
vehicle charger; typically offers 8 to 24
km range per 30 minutes of charging
• DC – directly charges the car’s battery;
up to 129 km of electric range for every
30 minutes charge
 Fast charging (more than 40 kW) -delivers
over 100 km of a range within 10 to 30
minutes. Currently, it takes a little over an
hour to fully charge a Tesla car at one of the
firm’s supercharging stations.
EV charging stations are often installed by utility companies as
on-street facilities, shopping centres, public destinations &
even workplaces

 Global EV charging infrastructure market is expected to reach $45.59

billion by 2025
 Within this sector, the fast charging segment is poised to witness the
fastest growth, with an estimated CAGR of around 47.9% from 2017
to 2025 (Grand View Research)
  Range Anxiety, Lack Of Charging Infrastructure
• Despite the massive technological advancements, EV charging infrastructure
remains inadequate in most parts of the world. Furthermore, most electric cars
have a range that falls between 150 to 175 km on a single charge. Hence
range anxiety among car owners

 Long Charging Times

• Charging process of EVs can take anywhere from 30 minutes (in case of fast
charging) up to 24 hours, depending on the capacity of the battery and motors.
Most, however, take around four to six hours to be fully charged, which is
several times longer than the time it takes to refuel a petrol/diesel car

 Lower Battery Life, High Battery Costs

• The batteries currently used in electric vehicles have a lifespan of only around
three to 10 years, depending on the make and model. The lower battery life
often serves as a hindrance that affects the performance of electric cars. The
higher costs of batteries, which are caused by the insufficient supply of raw
materials, add to this problem

Battery costs around 70% of EV prices; likely to reduce to 30% over

next decade or so
 Battery Swapping – much faster way of bringing range in car; Tesla has
filed a patent for a new battery swapping robot that can lift a vehicle
and change its battery pack for a new one in just 15 minutes

 Wireless Charging – could completely eliminate Range anxiety;

Magnetic Resonance (oscillating magnetic field) could be the name of
the game

 Battery technology – from Lithium-ion to Lithium-sulphur and Metal-air

batteries

These and many more opportunities in the Disrupted Mobility space

 aroraajay@gmail.com
Assisting in Visualising future Opportunities