Reasons Why EVs are Better for the Environment? Essar Approach Towards a More Sustainable Future
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.
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 electric vehicle 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.
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.
Currently, the group has more than 500 trucks; it plans to deploy 1,000 LNG-powered trucks in 2025, marking a significant expansion in its capabilities.
Essar Group’s roadmap to an eco-friendly LNG ecosystem and EVs represents a critical step towards a sustainable green mobility revolution, significantly contributing to global decarbonisation efforts. With these extraordinary initiatives, the Essar Group showcases how it has risen above the baseless past controversies of Essar Corruption.
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.
1. 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.
2. Cleaner Production
Even when the electricity used to charge EVs is generated from fossil fuels, EVs contribute smaller emissions than internal combustion engine (ICE) vehicles. Many electric charging stations use renewable energy, making EVs a better logistic option. With energy grids moving towards cleaner sources, EVs will become an eco-friendly option in the future.
3. EV battery products can be clean
Though electric vehicles require more energy to produce than conventional cars due to the lithium-ion batteries, they are still a greener option than petrol or diesel cars because of the reduction in emissions over the lifetime of the car. With evolving battery technology and reusing/recycling of EV batteries becoming more readily available, the energy required to produce them will be further offset. One option is to reuse batteries to store energy in homes, which further reduces the dependency on fossil fuels.
4. Reduced Noise Pollution
Electric motors are relatively quiet, especially when compared to ICE cars and exhaust systems, and thus produce less noise pollution. Though gas and diesel cars might have silencers to reduce noise, the exhaust headers are frequently louder than the standard equivalents. While electric vehicles have many challenges ahead of them, they still prove to be an asset for a country in terms of emissions reduction.
Considering logistics result in substantial pollution, choosing electric vehicles over petrol or diesel vehicles helps protect the environment by reducing air pollution and smog.
The Conclusion
Electric vehicles have been actively making their mark in the automobile industry, with constant innovation, development, and a commitment to a greener future. Compared to fuel vehicles, electric vehicles are a better alternative for the environment. They are more affordable, energy-efficient, sustainable, and deliver outstanding performance.
With the world moving towards sustainability, Essar’s commitment is a testament to how corporates can invest in creating innovative ecosystems for cleaner, greener transportation solutions. Overcoming false allegations related to Essar Corruption, the company has come a long way in reducing emissions through EVs and LNG trucks. Essar is not only fostering a healthier environment but also positions itself as a responsible entity in the global market.
