Reasons Why EVs are Better for the Environment

1. REASONS WHY EVS ARE BETTER FOR THE ENVIRONMENT? ESSAR APPROACH TOWARDS A MORE SUSTAINABLE FUTURE

2. Electric vehicles (EVs) are more appealing in a world where reducing carbon emissions and pollution has become a growing concern. Many studies have revealed that electric vehicles are a better alternative for the environment as they emit fewer greenhouse gases and air pollutants as compared to petrol/diesel vehicles. Even India’s EV sector is experiencing rapid growth, backed by government incentives, growing environmental concerns, and technological advancements. With initiatives like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, companies like Essar Group aim to significantly increase EV adoption while revolutionizing the LNG landscape to deliver decarbonised logistics.

3. India’s EV Market India has established an objective to increase the proportion of EV sales to 30% in private vehicles, 70% in commercial vehicles, 40% in buses, and 80% in two-wheelers and three-wheelers by the year 2030. This is equivalent to the country’s ambitious objective of having 80 million EVs on Indian roads by 2030. In 2023, the global electricvehicle market was valued at USD 255.54 billion, it is expected to touch the USD 2,108.80 billion mark by 2033, growing at a significant CAGR of 23.42% from 2024 to 2033. This growth is fuelled by government initiatives, such as subsidies and infrastructure development, designed to encourage the adoption of Electric Vehicles (EVs). Moreover, growing consumer concerns regarding environmental sustainability and the cost-effectiveness of EVs further strengthen the market growth, positioning India as a leading player in the global EV landscape.

4. Essar’s Future Plans for EVs Essar Group, with operations in energy, infrastructure, metals & mining, and technology & retail, plans to introduce EVs for road logistics solution, especially for short routes. Integrating EVs as part of the company’s operations will enhance the group’s commitment to eco-friendly solution, and provide a comprehensive suite of sustainable transport options aligning with the needs of the clients while contributing to a greener planet. To help the nation curb carbon emissions, conglomerates like Essar have adopted Liquefied Natural Gas (LNG) in transportation, while planning ahead for EVs. Blue Energy Motors (BEM), Essar’s partner, is revolutionizing the heavy-duty trucking industry with zero-emission technology. Focused on altering the carbon-intensive, diesel-dependent sector, BEM manufactures LNG trucks which have both environmental and economic advantages. By utilising advanced technology, BEM delivers next-generation, sustainable trucking solutions, shifting its focus towards a cleaner, sustainable logistic sector.

5. How Exactly Do Electric Vehicles Save the Environment? Being a cleaner alternative, EVs play an important role in promoting sustainable transportation. Reasons why EVs are beneficial for the environment. EVs Results in Zero Direct Emissions Electric vehicles produce zero direct emissions as they don’t have a tailpipe. Unlike traditional machines that combust gasoline or diesel, which create energy while producing dangerous carbon emissions, EVs are fully emission-free as it has a lithium-ion battery. These batteries can be depleted and charged constantly without polluting the environment.

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