The automobile sector is undergoing significant changes. The introduction of mobility advances such as electric and linked automobiles has set the sector on a high-speed expressway, driving it into a complicated future.
More parts are flowing into automobiles than ever before, according to rising consumer needs and expectations in terms of configurations and user experience. Manufacturing car components is one thing; getting them to your global markets is another. The wonder that is a vehicle is made up of tens of thousands of little and large components. This means that all of the components must be present at the same time. Delays are unacceptable because they put the assembly line on hold.
A vehicle that operates on electricity is known as an Electric Vehicle Logistics, or EV.EVs are cars that are powered entirely or partially by electricity. Electric cars have minimal operating expenses since they have fewer moving parts to maintain, and they are also highly eco-friendly because they consume little or no fossil fuels (petrol or diesel).
With the introduction of digital technology, the automobile industry has seen an upheaval and flood of ideas in the mobility and transportation sector in recent years. The shift from traditional combustion-engine cars to Electric Vehicle Logistics and shared mobility solutions has been accelerated by issues such as energy security, climate change, growing urbanization, sustainability, and changes in behavioral patterns.
The digital and electronics value chain, which comprises the battery management system, vehicle control unit, dashboard, cloud services, and other electronic components, is the initial section of the EV supply chain.
Apart from the well-known concerns of high battery costs and charging infrastructure, there are a number of other obstacles that must be resolved in order to promote a lease-purchase business model. Issues such as the liability of a damaged battery and the function of insurance companies, for example, must be thoroughly explained.
The absence of battery pack standardization necessitates company-specific replacement stations, which might be costly if they can’t be scaled up. Businesses must also guarantee that the battery pack is maintained and that quality and safety requirements are met. This will need a concerted effort from the whole EV supply chain.
The digital and electronics value chain, which comprises the battery management system, vehicle control unit, dashboard, cloud services, and other electronic components, is the initial section of the EV supply chain. This area can benefit from current capabilities in the construction of hardware and software systems in related industries like as electronics, mobile, information technology, and computing.
Though alternative technologies like as sodium-ion or aluminum-ion cells are being studied in India and throughout the world, long-term expenditures in research and development are necessary to produce fruit in the battery manufacturing industry. As a result, Indian producers should concentrate on producing battery packs, where there is a lot of room for customization.
Second, in the vehicle manufacturing part of the supply chain, the focus will be on EV maintenance as much as on production, which will need upscaling conventional auto-ancillary firms with an emphasis on electrical expertise. Finally, the “energy as a service” category, which includes charging stations and energy suppliers, will need significant infrastructure expenditures, and here is where government support will be critical.
According to the International Energy Agency, the number of plug-in hybrids and all-electric cars sold in the United States decreased by almost half last year. When compared to the same year in 2018, the IEA anticipates a 3.2 percent reduction in hybrid sales in 2020. Electric Vehicle Logistics cars accounted for roughly 2% of the new-car market in the previous three years.