Electric mobility is considered a crucial front of the future mobility ecosystem. There is a great possibility for India to play a major role in Electric Vehicle mobility by switching to the EVs with the increasing global focus to reduce the carbon footprints and using clean energy sources. Offering the requirements of mobility solutions for 40 crore customers, India is at ease to take the position of the third-largest market of cars in the world in the upcoming 5 years, which is one of the important sectors of the logistics industry, making it the backbone of retail, e-commerce, and several other allied verticals. According to the Brandessence Research of Market, the last-mile delivery industry will soon reach the valuation of USD 200.42 billion by the year 2027 at a CAGR of 9,29 per cent.
India is making significant efforts to promote the adoption of electric vehicles as the new mode of transportation to reduce the consumption of fossil fuels by approximately 30% by the year 2030. According to the research and data, it is said that a single EV can reduce CO2 emissions by up to 6 tonnes a year. The difference of opinion against the vehicles led by fossil fuels is the percentage of hydrocarbon pollution that these vehicles contribute, which is over 203.3 million tonnes of fuel. Therefore, the adoption of EVs is a sustainable approach toward a cleaner planet with cleaner mobility, which is certainly electric.
A variety of EVs is required because last-mile delivery consists of e-commerce as well as other giant industries.
Last-mile logistics electrification
Along with the effect on the shopping habits across the nation, the surge in the e-commerce industry has redefined last-mile delivery. For decarbonising the global e-commerce and logistics industry, one of the most effective strategies is the switch to electric mobility.
Launching the adoption of EV
With the public waking up to the great potential and inherent benefits of electric vehicles, manufacturers are already implementing new technology and innovations to usher in the electric era. While green logistics and commutes are the way to go, certain sectors require more attention.
People’s perceptions of EVs have changed significantly regarding the specifications and characteristics such as pricing, range anxiety, and the occasional cost of substituting an EV with an ICE car. New start-up companies and OEMs are leaving no stone left in designing and manufacturing vehicles that are appealing in terms of design and performance, attracting B2B and B2C consumers from all verticals to adopt EVs for all modes of transportation.
India is at ease to take the position of the third-largest market of cars in the world in the upcoming 5 years.
Necessity for variety
The concept of last-mile delivery cannot be limited only to hyperlocal. A variety of EVs is required because last-mile delivery consists of e-commerce as well as other giant industries as well, to meet the ongoing demand. Other than 2 or 3-wheelers, large vehicles are also required for the last-mile logistics services.
With the electrification taking place in the evolving market of EVs, the priority should be the safety standards in order to aid the comfort of drivers and businesses. If the driver’s safety is taken into account, the issue of electrification will take a new dimension. There are many B2B EVs found in the last-mile delivery industry, due to the recent hype that was created for the 10-minute delivery.