Indian Economy: News and Discussion

Varzone

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EV are not going to get cheaper than a limit. We are overselling EVs to the world.
There were reports already that Batteries cost are going to shoot up by more than 20% in coming 2 years instead of reducing as people were claiming.

The Battery tech is now being regulated like CPU are regulated in chip industries. Artificially inflating the prices by controlling the production and distribution.
Source?
 

Varzone

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For which point?

The Battery tech is now being regulated like CPU are regulated in chip industries. Artificially inflating the prices by controlling the production and distribution.
 

SKC

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Ok but you were insinuating there is cabal who is regulating the price of ev battery which isn't true.
Raw material shortage everyone knows about
It is going to get regulated. Signs are already there. For years battery cost was reducing but now suddenly it is rising up again. Even with new Cell and leaf type battery, the cost no longer going down.
China alone control a big section of battery demand and supply.
 

Varzone

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It is going to get regulated. Signs are already there. For years battery cost was reducing but now suddenly it is rising up again. Even with new Cell and leaf type battery, the cost no longer going down.
China alone control a big section of battery demand and supply.
There are too many players and battery-pack chemistry who are operating in different regions.
for eg. TATA making their own battery packs or local manufacturers supplying them have their own cost structure.
 

SKC

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There are too many players and battery-pack chemistry who are operating in different regions.
for eg. TATA making their own battery packs or local manufacturers supplying them have their own cost structure.
Raw Materials and chip system for final product are all having control by China! more than 60% of the market of Raw Material in under china or chinese company control.
 

SKC

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so far no country has been able to replace gasoline cars and motorbikes with electric ones
The day electric vehicles become as cheap and practical as ethanol/gasoline ones people will indeed prefer them over combustion engine based vehicles because it requires less maintenance
though electric buses , electric trains , electric trucks running on electric highways will indeed replace conventional ones all over the world very soon
Obviously no country will be able to replace ICE vehicles by EV currently. They all have plans in future to gradually do the change. In Many EU countries already EV sales are more than ICE ones.
 

Varzone

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Obviously no country will be able to replace ICE vehicles by EV currently. They all have plans in future to gradually do the change. In Many EU countries already EV sales are more than ICE ones.
Better than that we should make all public and freight transport run on electric.
 

SKC

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Liquidity came from central banks.

The constant gripe from salaried class is nauseating.

Nobody is forcing them to work. Quit and start your own business. There too, director salaries are taxable.

What should the Govt do?

Tax petrol at the same rate so the Director of the company who drives a luxury high end car and a delivery boy riding a TVS-50 pay the same pump rate?
So what should govt do rather than, have a voter id or company id checker person at each petrol pump and give different rate fuel to different person based on their designation.
 

Haldilal

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SKC

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Better than that we should make all public and freight transport run on electric.
Ya these things are happening. But you can't expect that one day you will get up from Bed and all Public transport is moved to EV in one go.
Different states are doing change in different speed as per their needs and requirements.
Just now Central Govt dedicated fleet of Electric Buses in Delhi.
 

SKC

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Sorry.. Poorest do not buy petrol or go to restraints or buy insurance policy...

Their travel is subsidized heavily in SRTC buses already or ticket less travel in trains , Food is almost free under various govt schemes and they don,t need insurance for anything ...for housing they have PM 's various schemes where they avail free housing .. only to Settle in next slum are and rent that house...

Would u beleive that u will find Dish TV & 50" HD TV's in almost every Slum in & around NCR ... U heard it right....Instead of doling out subsidies why don,t govt create job oppurtunities for them to earn their bread.... but votes matter ...

On the outskirts of CHD, there is a place called 'Dhanas" with a Huge slum... govt settled them in nice 1 -2 BHK homes... all are rented out and a new one have cropped up nearby .....& colony is a hotbed for criminals... Same is case across...

Need of the hour for govt is to increase the tax base and check their own spending / corruption...instead of milking same folks till they are dead...
Sorry but all these points are the IDEAL condition where you are believing only Poor class is making use of.

Are you sure the so called Middle class is not taking beneift of these schemes?

I am very well aware of this so called Middle class having Ration Cards and parking their cars 1 KM before the Ration Kendra and then taking free ration and going back to their cars.

Are you sure these Middle class people not taking use of PM awas yojna in their hometown to build home on their ancestral land?

The poor class is having TV and Fridges and all electronic items with them but they did not buy these for free. They did pay proper amount the taxes on them.

We Oppressed Middle ka gana kuch jyada hi baj raha hai kuch saalo se.

Go to all popular tourist places inside India or outside you will find majority to be these 'Oppressed Middle class' only. There they dont complain on heavy taxes and all while paying 1000 for 100 rs thing.
 

SKC

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Ya'll Nibbiars The Hindustan Motors comeback at Uttarpara and will be a JV with French auto manufacturer PSA. And With MoU signeds already, The HM to start with the Ambassador, Babay, Contese and Land Masters and it will hit the Indian roads as early as 2 years from now.
First Ambassador 2.0 will be out Q1'24.
 

Chandragupt Maurya

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Obviously no country will be able to replace ICE vehicles by EV currently. They all have plans in future to gradually do the change. In Many EU countries already EV sales are more than ICE ones.
electric vehicles will replace the ICE engine the day they become cheaper , run 1000 kilmetres on single charge , and takes less than a minute to full charge the battery
in case of ethanol or gasoline vehicles you only need to fill the fuel tank it takes less than a minute and gives 600-800 kilometres of range on top of that ethanol/gasoline vehicles are way cheaper and even if a vehicle runs out of fuel in the middle of nowhere the owner can call someone to bring some ethanol/petrol/diesel but arranging a mobile charging station is very difficult
 

SKC

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electric vehicles will replace the ICE engine the day they become cheaper , run 1000 kilmetre on single charge , and takes less than a minute to full charge the battery
in case of ethanol or gasoline vehicles you only need to fill the fuel tank it takes less than a minute and gives 600-800 kilometres of range on top of that ethanol/gasoline vehicles are way cheaper and even if a vehicle runs out of fuel in the middle of nowhere the owner can call someone to bring some ethanol/petrol/diesel but arranging a mobile charging station is very difficult
Kya chadha liye din mai aaj?
less than a minute to fully charge????????
Why do you need 1000km in single charge??????????

EV are replacing normal cars already at many countries. No one expected them to fully replace within a year or two.

All countries have plan to do transition over span of 10-15 years!
 

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