There is no doubt EVs is the future and will transform the automotive industry and help decarbonize the planet. Mobility has become a major issue today if the status quo continues, mobility problems intensify increase, mobility industry will unleash innovation designs for urban roads such as mobility-as-a-service, advanced traffic management and parking systems, freight-sharing solutions, and new transportation concepts on two or three wheels.
Due to global interest shifted toward electrification at an unprecedented rate, electric cars have become the next generation personal transportation with engaging interest
as per the source by 2040 an estimated 40 million units of EVs are expected to hit the roads essentially replacing IC engines, with a noticeable increase in performance and reliability the biggest reason to consider EVs basically for Zero-emission because of it capability of producing no emission
While EVs offer numerous benefits, it’s essential to consider factors like the initial purchase price, range limitations (though this is improving with advancements in battery technology), and the availability of charging infrastructure in your area when evaluating their suitability for your needs. However, for many individuals, the lower running costs and ease of ownership make EVs an attractive and environmentally friendly alternative to traditional vehicles.
Shortly, EVs are expected to get better advancement as the whole industry shifts its focus to electric mobility, lets have understood it with some crucial example
1) EVs provide lower running expenses and hassle-free ownership.
EVs are significantly cheaper to fuel compared to internal combustion engine (ICE) vehicles. Charging an EV is usually less expensive per mile than buying gasoline or diesel fuel Unlike IC cars electric cars require very low maintenance with facilitate very low repair cost
2) Better for the environment
since Evs does not use an IC engine so is little to no for zero emission in the long run, The current adoption rate, and carbon dioxide emissions are significantly reduced, limiting pollution and smog. EVs does not hold to produce smog but control environmentally, As the environment recovers from high pollution better Air quality result EVs lead to less
3)Improved performance and driving experience
With no vibration and no noise EV drivers will be focused on a smooth driving experience, The driving dynamics are also better in most cases as the weight is balanced better thanks to the under-floor battery pack, A significant feature of EVs is require less maintenance without an engine, transmission, spark plugs, valves, and other in several parts
4) significant improvement in EV Models
While ensuring Ev new models capable of covering 200 miles added on where initial models were not at reach the stage of 100 miles, many TESLA and Nissan Models are claimed 200 miles features
5) Increase Share value with growing competency
gone are the days when EVs were just limited to small cities, different types of EVs from many ranges, As the market grows it is expected that EV prices will reduce, Advancements in the EV space have allowed manufacturers to even develop pickup trucks and long-range delivery trucks, bringing them one step closer to taking over the market from their IC counterparts.
By 2035 expected, that the largest automotive markets will go electric
Govt of many countries have consent over the use of electric vehicles, heavily govt in favor of EVs. On a global level, we expect EV (BEV, PHEV, and FCEV)1 adoption to reach 45 percent under currently expected regulatory targets. Regularity pressure and consumer pulling towards EVs, Europe is one of the witnesses that has driven the market with high subsidies while Chinese consumer pull is very strong so far, even with a transformative outlook of EVs are below to achieve net zero emission, EVs would need to account for 75% market share by 2030
Hiring craves In the Automotive industry
As environment aspects hiring in the Automotive industry seeking new skill sets, According to Ad Astra consultants, the Indian electric vehicles market is to reach $ 113b in 20230 which is recorded at $1,3b in 2020. The rapid has brought some skill gaps in this industry as a report commissioned by ASDC says as industry Autonomous driving there need for skilling and shape reskilling to keep pace with technological transformative
According To Nirupama VG also shares Indian government proactively supporting the EV shift by providing Consumer incentives or subsidies The National Electric Mobility Mission 2020 has further take initiative to EVs infrastructure or promote EV manufacturing
What Does the mean for hiring in the automotive sector
According to Naukri.com and other hiring platforms automotive industry stayed flat as compared to 2022 this year declining by 4%, but significantly shows that the hiring of experienced or senior professionals with 15+ years saw a 38% crucial increase in this sector while fresher hiring declined by 4% in 2023,
The data also reveal that the demand for production engineer stayed uptick 22% with a focus on emphasizing skill set in this industry specialized skill for hiring 28% plunged
Conclusion
The automotive sector now going to be a lucrative industry from an EV point of view, which going to open good career options, many hiring with special skills set recruitment consulting hunting talent, the government taking the initiative economically and environmentally to take a step ahead to direct involvement in this sector, According to a report introduced by Research and Markets, the Indian electric vehicle market will grow at a CAGR of 44.5% between 2020 and 2025.
Apart from domestic manufacturing global players are also eyeing on EV sector in india, with around 2600 EV charging stations deployed by the Indian government in 2020. EV startups also augmented the growth of the Indian EV industry also showcasing India’s potential as a market for electric vehicles