electric vehicle stocks

/0 Comments/in /by

Electric vehicle stock; electric vehicle share; electric vehicle share market

electric vehicle stocks

Electric Vehicle Stocks: 

As the demand for electric vehicles (EVs) is increasing, the value of EV manufacturing companies is also increasing with respect to the market value or in other words share price or electric vehicle stocks. People are looking for reputed electric vehicle companies so that they could invest money & get a good return. The Govt of India has the plan to replace conventional vehicles with electric vehicles by 2030 with which the aim is 30% private cars, 70% commercial cars, 40% buses & 80% two & three vehicles. The electric vehicle is the future of the next generations because of its advantages over conventional vehicles / Internal Combustion Engine (ICE) which run on petrol, diesel, gas, etc.  The main advantage of electric vehicles is zero GHG (Green House Gases) emissions (an eco-friendly vehicle).

India is a huge market for electric vehicles because its 5th largest Automotive Industry in the world. Many companies are aggressively working to manufacture electrical vehicles which are not limited to cars only but manufacturing 3 wheelers & two-wheelers also. Many international companies are planning to set up manufacturing units in India.

Investment in the EV market –

Important factors need to consider before investment –

  • Watch out for industry leaders/growth – An investor much checks the company’s growth in the market & competition in the market.
  • Thorough Research – An investor must do a thorough investigation of the company in which he wants to invest. Especially for EVs, It is important to do an analysis of future growth rather than the history of the company.
  • Check the actual status of the company – before investing in the company, we need to check the real status of the company whether the company has been acquired by some other company or investing money in the company.
  • Govt policy – One should check the govt policy about electric vehicles to ensure the supply & demand in the market.

Following are the companies which are already running electric vehicle show in India.

Rachit Chawla, Founder & CEO, of Finway FSC, said “Even while the market is volatile in 2022, the EV stocks have been booming and investments in these can help a real-time investor thrive in profits,”. He also said that with increasing demands for clean mobility and several facilitating government policies encouraging the growth of the EV sector, investing in EV stocks has certainly become hot bait.

Let’s look at the share stocks of EV companies

A) Electric vehicle stocks for Tata Motors –

Tata Motors’ share price is – Rs 536/- approx. & it was Rs 291/- 52 weeks ago.

Tata Group is a leading vehicle manufacturing company in India that manufactures Buses, trucks, cars, etc. Tata Nexon EV is the selling car in India.

(Note- These share prices are subject to change as per market conditions.)

B) Mahindra & Mahindra –

Mahindra & Mahindra’s share price is Rs 1330/- & it was Rs 670/- 52 weeks ago.

M&M’s two models are already in the market in the EV segment for passengers – Tigor Ev & Tiago Ev. Tiago EV has been launched recently. Earlier Mahindra’s two models were very popular emeritus & E2O which hit the market 4 years ago & raised hope for EVs in India.  Mahindra is planning to launch 5 e-SUVs in the next 2-4 years.

(Note- These share prices are subject to change as per market conditions.)

C) Electric vehicle stocks for Ashok Leyland-

Ashok Leyland’s share price is Rs 169/- (approx.) while it was Rs 93/- 52 weeks ago.

This is a Chennai-based company & that has announced an investment of Rs 200 M in electric mobility. Ashok Leyland is also a major player in the automotive industry in India. They have recently launched a double-decker e-bus.

(Note- These share prices are subject to change as per market conditions.)

D) Electric vehicle stocks for Tata Power –

Tata Power’s share price is Rs 298/- (approx.) while it was Rs 129/- 52 weeks ago.

Tata Power is aggressively working on EV charging stations. They have provided approx. 450 charging stations. Tata Power is planning to install charging stations across India.

(Note- These share prices are subject to change as per market conditions.)

E) Exide Batteries –

Exide batteries’ share price is Rs 191/- (approx.) while it was Rs 130/- 52 weeks ago.

Exide Batteries is a leading battery manufacturing company that manufactures various types of storage batteries such as batteries for trucks, inverters, etc. Recently Excide has set up one manufacturing plant for Lithium-ion batteries which is the source of power for electric vehicles.

(Note- These share prices are subject to change as per market conditions.)

F) Reliance Industry –

Reliance Industry is a group of industries that covers oil, chemicals, gas, retail, financial service, etc. Reliance has announced the acquisition of stakes in electric vehicle technology in Altigreen Propulsion Labs Pvt ltd. Altigreen is a Bangaluru-based company that manufactures last-mile connectivity through two/three/four wheelers.

Apart from the above, one should go with the following companies also –

G) TVS motors –

TVS manufactures different types of vehicles which include scooters, motorcycles, three vehicles, etc. TVS is planning to introduce new electric two-wheelers in association with BMW Motor and which will be sold in India.

H) Indian Oil Corporation Ltd (IOCL) –

IOCL is an Indian company that includes Petroleum, petrochemical, Gas, Oil & Gas exploration windmill, and Solar Power generation. IOCL is getting into electric vehicle charging stations. At present, they have set up more than 250 charging stations & approx. 30 battery swapping stations.

Future of electric buses in India

/0 Comments/in /by

In order to improve the EV footprint in India, the Centre is looking to replace diesel-run polluting buses with electric buses in the next 2-3 years. MD of state-run company Convergence Energy Services Ltd (CESL which handles the acquisition of EVs for both state & central govt departments) said that procurement of e-Buses will be enhanced 3-4 times. He further said that enhancing 100,000 units (initial target set for procurement) by replacing diesel-driven public transport systems with electric buses would help India to reduce carbon emissions & crude imports.

He also said that there is a challenge regarding the infrastructure of charging stations. This issue will be taken care of by state governments by upgrading the electrical supply system (capacity enhancement of transformers & cables) in their respective area. Approx 1.6 million units of buses ply on Indian roads on daily basis.

Future of electric buses in India

Procurement Started –

Tender for 5600 e-buses (approx.) has been floated (which includes 7m, 9m & 12m e-buses). This is the first tender under the National Electric Bus Programme whose aim is to deploy 50,000 e-buses across India. The bidders have been asked to submit quotes on a gross cost contracting basis wherein bidders will have to submit quote for price per Km for operating services over 12 years as well. This will become standard for India.

About CESL –

Convergence focuses on energy solutions that lie at the confluence of renewable energy, electric mobility, and climate change. It builds upon the decentralized solar development experience in under-served rural communities in India, and over time, using battery energy storage will deliver renewable energy solutions to power agricultural pumps, street lighting, domestic lighting, and cooking appliances in villages. CESL will also work to enable battery-powered electric mobility and its infrastructure and design business models to increase the uptake of electric vehicles in India.

Convergence aims to develop solutions to address those most at risk of climate change and create systems to enable reduction of the carbon footprint at scale.

Reasons for failure of batteries in EV

/0 Comments/in /by

Reasons for failure of batteries in EV as per Committee set up by Indian Govt.

On increasing numbers of fire incidents in batteries of two wheelers, the Union Road Transport & Highways Ministry led by Nitin Gadkari informed through a tweet in April,22 that an expert committee/panel has been formed to inquire into these incidents. He also said that “if any company found negligent in their processes, a heavy penalty will be imposed, and a recall order will also be ordered.”a

The center for Fire Explosive & Environment Safety was appointed to investigate the fire incidents in batteries of two wheelers.

Now, this expert committee has completed its investigation & come out with following observations (which was available in newspaper on 29th June, 22)–

  • These batteries even have no ‘basic safety systems’.
  • There was no ‘venting mechanism’ for overheated cells to release energy.
  • The ‘battery management system’ was seriously deficientReasons of failure of batteries in EV

The panel has pointed out that many electric 2 wheelers came with ‘minimum functionality’ only and ‘shortcuts’ were taken in safety during manufacturing of batteries. Final report on this matter will be submitted by the committee/panel within one week time but recommendation has already been shared with EV manufacturers for corrective actions.

Upon investigation of the matter, committee observed that batteries cells have failed certain tests, in some cases venting mechanism not provided which helps in releasing pressure/energy that further helps cells preventing from bursting, cells are catching fires & bursting. In other words, we can say that cells are of poor quality.

Committee also pointed out that 2- wheelers are coming with very basic Battery Management System (BMS). Actually, a particular cell when it gets overheated must be identified & cut off by BMS, but such important feature is not found in this system. An updated BMS system should monitor & regulate current supply of the battery to prevent it from overcharging & overheating.

Govt is very tough with EV manufacturers. They shared committee’s recommendation with EV companies & asked them that why they should not be prosecuted legally for not ensuring safety in the vehicle. Battery of an EV must adhere safety guidelines set by ARAI (Automotive Research Association of India). These safety measures are being ignored by the companies due to increase in production of 2 wheelers to meet the demand of vehicles in the market.

FAME I & II Scheme in India

/0 Comments/in /by

FAME I & II Scheme in India

FAME stands for Faster Adoption of Manufacturing of Electric & Hybrid Vehicles in India.

FAME scheme was launched by Indian Govt on 1st April, 2015 to promote electric vehicles in India with an objective of sustainable growth by reducing the pollution produced by diesel & petrol vehicles.

This scheme was launched by the Ministry of Heavy Industries & Public Enterprises. It has two phases FAME I & FAME II.

 

FAME I :

This is first phase of the scheme which was functional for four years from 1st April, 2015 to 31st March, 2019 with following objectives –

  • Demand creation for electric vehicles,
  • Technology platform required to promote/support electric vehicle manufacturing
  • Setting up of Pilot projects &
  • Develop charging infrastructure

Its an incentive scheme to encourage fast adoption of electric & hybrid vehicles in all segments such as 2 wheelers, 3 wheelers, 4 wheelers light commercial vehicles & buses. Under this scheme, Ministry allocated yearly fund where about 2.78 lakh xEVs were supported with a total demand incentives of Rs. 343 Crore [Approx]. Also, 465 buses were sanctioned to various cities/states under this scheme.

 

FAME II –

The Department of Heavy Industry notified phase-II of FAME scheme on 8th March, 2019 after success/experience of phase I scheme for next three years starting from 1st April, 2019 to 31st March, 2022. (Complete detail is available on department’s website www.dhi.nic.in). Now this scheme has been further extended for next two years i. e. up to 31st March, 24.

Govt has allocated Rs 10,000 Cr in ph-II scheme. Following actions are to be taken in this phase –

  • 86% of the fund has been allocated for demand incentive so as to create demand for EVs in the country.
  • This scheme will be utilized in following verticals –
  1. Demand incentives,
  2. Establishment of network of charging stations
  3. Administration of scheme including Publicity, IEC (Information, Education & communication) activities.
  • The efforts of central govt to promote e-mobility need supplemental support from state govt in the form of non-fiscal incentive which includes waiver/concessional road tax, exemption from permit, waiver/concessional toll tax, waiver/concessional parking fee, concessional registration charges.

 

A brief detail of scheme is given below –

  1. Demand Incentives:

     

The proposed demand incentive is given Rs 10,000/- per KWh (of battery capacity) for all electric vehicles except buses. Incentive for buses is Rs 20,000/- per KWh (of battery capacity). Complete details of vehicles eligible for incentive are given below –

 

Max No. of Vehicle               Approx. size of           Total Approx.         Max Ex-factory price

to be supported                   battery in Kwh              Incentive               to avail incentive 

  1. Registered -e 2 Wheelers:

            10,00,000                           2 Kwh                        Rs 20,000/-                Rs. 1.5 Lacs

 

  1. Registered – e 3 Wheelers (including eRikshaw):

5,00,000                           5 Kwh                        Rs 50,000/-                Rs. 5 Lacs

 

  1. e -4 Wheelers:

35,000                           15 Kwh                       Rs 1,50,000/-            Rs. 15 Lacs

 

  1. 4 W Strong Hybrid Vehicle:

20,000                           1.3 Kwh                       Rs 13,000/-               Rs. 15 Lacs

 

  1. E-Bus:
  •    7090                                250 Kwh                       Rs 50,00,000/-          15 Lacs 

  1. Establishment of network of charging stations: 

  • This scheme will support in setting up of sufficient charging stations with help of all stakeholders such as Govt agencies, PSE (Public Sector Enterprises) & Industries to boost confidence amongst EV users.
  • These charging infrastructures/stations will be established as per Ministry of Power notifications named ““Charging Infrastructure for Electrical Vehicles – Guidelines and Standards”. Notification no is 12/02/2018-EV dated 14th Dec, 2018.
  • It is also proposed to provide one slow charger for each e-bus & 1 fast charger every 10 electric buses to funded under this scheme for charging purpose.

 

  1. Administration of scheme: 

  • Knowledge partners/technical expertise & other logistic support shall be provided for smooth operation and implementation of the scheme.
  • An awareness program which includes Information, Education & communication (IEC) shall be undertaken by Department of Heavy Industry etc through business meets/seminars etc.
  • Projects sanctioned under FAME I shall continue as per terms & conditions issued time to time.
  • The responsibility of implementation of this scheme will be with Department of Heavy Industry.

Reasons of failure of batteries in EV as per Committee set up by Govt

/1 Comment/in /by

Reasons of failure of batteries in EV

On increasing numbers of fire incidents in batteries of two wheelers, the Union Road Transport & Highways Ministry led by Nitin Gadkari informed through a tweet in April,22 that an expert committee/panel has been formed to inquire into these incidents. He also said that “if any company found negligent in their processes, a heavy penalty will be imposed, and a recall order will also be ordered.”

The center for Fire Explosive & Environment Safety was appointed to investigate the fire incidents in batteries of two wheelers.

Now, this expert committee has completed its investigation & come out with following observations (which was available in newspaper on 29th June, 22)–

  • These batteries even have no ‘basic safety systems’.
  • There was no ‘venting mechanism’ for overheated cells to release energy.
  • The ‘battery management system’ was seriously deficient.

The panel has pointed out that many electric 2 wheelers came with ‘minimum functionality’ only and ‘shortcuts’ were taken in safety during manufacturing of batteries. Final report on this matter will be submitted by the committee/panel within one week time but recommendation has already been shared with EV manufacturers for corrective actions.

Upon investigation of the matter, committee observed that batteries cells have failed certain tests, in some cases venting mechanism is not provided which helps in releasing pressure/energy that further helps cells preventing from bursting, catching fires & bursting. In other words, we can say that cells are of poor quality.

Committee also pointed out that 2- wheelers are coming with very basic Battery Management System (BMS).

Actually, a particular cell when it gets overheated must be identified & cut off by BMS, but such important feature is not found in this system. An updated BMS system should monitor & regulate current supply of the battery to prevent it from overcharging & overheating.

Govt is very tough with EV manufacturers. They shared committee’s recommendation with EV companies & asked them that why they should not be prosecuted legally for not ensuring safety in the vehicle. Battery of an EV must adhere safety guidelines set by ARAI (Automotive Research Association of India). These safety measures are being ignored by the companies due to increase in production of 2 wheelers to meet the demand of vehicles in the market.

Difference between EVs & Hybrid Vehicles?

/0 Comments/in /by

Difference between EVs & Hybrid Vehicles

Electric Vehicle Vs Hybrid Vehicle-

Electric Vehicle:

An electric car operates from electrical supply which is fed from batteries installed in the EV. These batteries are of higher capacity & there is no Internal Combustion Engine inside it.

Conventional Vehicle:

On the other hand, a conventional car operates from gasoline/petrol or diesel with the help of Internal Combustion Engine (ICE). The ICE cars have small auxiliary battery which provides supply to accessories of vehicles like lights etc.

Hybrid Vehicle:

Now a hybrid vehicle /car utilize power from both source- ICE & batteries where battery plays additional role of assisting cars in idle start – stop, enhance the torque when required at the time of starting from idle or going uphill. This battery is rechargeable type that recharge itself with regenerative braking. Since battery plays additional role (as mentioned above) in hybrid car, the car becomes fuel efficient & generate less emission as compared to normal fuel car.

Working of Hybrid vehicle

It consists of following main parts –

  1. An auxiliary battery
  2. A traction battery pack
  3. Electric traction motor
  4. Electric generator
  5. Fuel tank
  6. Internal combustion engine

The function of auxiliary battery is to supply power to start the car before traction battery starts its work. It also supplies power to car accessories.

The function of traction battery pack is to store the power which is transferred by the electric generator. Traction battery pack is a rechargeable battery. The electric generator produces electricity during braking of rotating wheels. The function of traction motor is to take power from battery pack & drive the wheels. Initial vehicle movement (from standstill) is done by electric traction motor, after taking some speed internal combustion process takes over the operation of the vehicle.

The function of fuel tank is to store the fuel (gasoline which is petrol/diesel) & is used when it is needed. The function of engine starts when fuel is injected in the engine chamber where it is mixed with air. The mixture of air & fuel is ignited by the spark of spark plug.

The combination of electric system & internal combustion engine makes Hybrid car more fuel economy & ecofriendly than conventional diesel/petrol cars.

What is regenerative braking system 

A hybrid car doesn’t need direct electric charging like an electric vehicle. Rather hybrid batteries are charged through rotating wheels during braking or in other words we can say that when driver applies brake, the motor acts as a generator & it recharges the battery. This process is called regenerative braking system. Smooth switching between two powers electric & gas makes hybrid vehicle efficient

Types of  hybrid vehicles /cars are available in India –

  • Honda City
  • MG Hector
  • Toyota Vellfire
  • Toyota Camry
  • Volvo XC90
  • Volvo XC60
  • BMW 7 Series
  • Lexus ES
  • Lexus RX
  • Lexus NX
  • Lexus LC
  • Porsche Cayenne
  • Porsche Cayenne Coupe
  • Maserati Ghibli

Micro & Mild Hybrid cars are also called semi hybrid. Maruti Suzuki cars use SHVS (Smart Hybrid Technology by Suzuki) technology. Ciaz was the first semi-hybrid vehicle introduced by Maruti Suzuki.  While Mahindra cars use Intelli-Hybrid technology first introduced in Scorpio model.

What is mild hybrid? –

Mild hybrids are the simplest form of hybrid system used in the vehicles. The electric motor installed in the vehicle provides power during hard acceleration. Such vehicles use regenerative energy produced from brakes to charge the batteries which supports the engine. As heavy batteries don’t use in mild hybrid system, such vehicles don’t add additional load on them.

Mild hybrid vehicles are much cheaper than full hybrid vehicle. Maintenance of mild hybrid vehicles is also cheaper.

What is micro-hybrid? –

Micro-Hybrid is also known as Idle -Stop system which shuts off a vehicle when it is idle for a long period and again automatically switched on when clutch /accelerator is used. Generally, micro hybrid system restarts everything when vehicle starts again automatically.

 

Number plates for Electric Vehicles in India

/0 Comments/in /by

Number plates for Electric Vehicles in India

 

Do you know what type of number pate is used for electric vehicles in India? Any idea?

Let me tell you what kind of number plate is used for electric vehicles in India. As per guidelines issued for electric vehicle by the Ministry of Road & Transport of India – Green background   shall be used. (Ref- https://morth.nic.in>green-initiatives).

Complete detail is given below –

For personal/private electric vehicles – Green background with white numbers

For commercial electric vehicles –  Green background with yellow numbers

Note-

First two letters (XX) denote – State where vehicle is registered

Next two numbers (99) denote – District where vehicle is registered

Next six letters + numbers (YY9999) – Unique alpha-numeric combination code

List of Electric Vehicle Companies available in India

/0 Comments/in /by

List of Electric Vehicle Companies available in India

Electric Vehicle Companies in India:

India is gearing up to promote electric vehicles in the market & has issued ev Policy which provides complete strategy /road map to achieve the target of converting fuel-based vehicle into electric vehicle.

In this regard, many companies are there which aggressively working in this direction & manufacturing electric vehicles in all segments like Two-wheelers, Three-wheelers, Four-Wheelers & Buses.

A list of electric vehicle (cars/4-wheeler) manufacturing companies in India, their products along with approximate cost is given below in INR –

  • Tata Motors

Tata Nexon EV (Approx Rs 15.26 Lacs)

Tata Tigor EV (Approx Rs 12.61 Lacs)

Tata Tiago EV (Approx Rs 8.49 Lacs)

  • Mahindra

Mahindra e2oPlus (Approx. Rs 7.57 Lacs)

Mahindra e-Verito (Approx. Rs 10.11 Lacs)

  • Jaguar

Jaguar I – Place (Approx. Rs 1.14 – 1.5 Cr)

  • Hyundai

Hyundai Kona Electric (Approx. Rs 25.21)

  • MG

MG ZS EV (Approx. 22.28 Lacs)

  • Audi

Audi e-tron GT (Approx. Rs 1.8 Cr)

Audi RS e-tron GT (Approx. Rs 2.05 Cr)

Audi e-tron (Approx Rs 1.0 Cr)

  • BMW

BMW iX (Approx. Rs 1.2 Cr)

  • Porche

Porche Taycan (Approx. Rs 1.55 Cr)

  • Mercedes-Benz

Mercedes-Benz EQC (Approx. 1.05 Cr)

  • Nissan

Nissan Leaf EV (Approx. Rs 30 Lacs)

  • Tesla

Tesla Model 3 (Approx Rs 70-90 Lacs) 

  • Mini Cooper

Mini Cooper SE (Approx. Rs 48 Lacs)

  • BYD E6

BYD E6 (Approx. Rs 29 Lacs)

  • Strom Motors

Strom Motors R3 (Approx. Rs 4.5 Lacs)

 

Picture291

Electric Taxi / Electric Cab Service in India

/0 Comments/in /by

Electric Taxi / Electric Cab Service in India

Picture291

Electric vehicles are not only good for environment as they don’t produce Green House Gases (carbon particles) but are generating lot of business opportunities in automobile market.

These business opportunities include manufacturing of electric vehicles, importing/trading of electric vehicles, manufacturing of charging stations, setting up of Public charging stations, manufacturing of Lithium-ion batteries, charging of Lithium -ion batteries etc.

Apart from above opportunities, one more area is there which is helping EV drive in India & that is – usage of electric vehicles as a taxi or cab service. Details of some companies are given below which are aggressively working in this direction specially in metro cities. These companies provide electric vehicles for taxi or cab purpose.

  • Blu-Smart

Contact details – hello@blu-smart.com, 8287000500

Blu-Smart is an Indian company which has office in Gurugram. It is founded by Puneet Singh Jaggi, Anmol Singh Jaggi & Punit Kumar Goyal. At present they operate in Gurugram, South & west Delhi area only with around 685 e -vehicles (according to a leading newspaper). Their operation is just like OLA /Uber where a user can book its ride through an APP. Just we need to download APP from Play store which suitable for Android & Apple mobile phones.

These cabs are booked in a given time slots by the company due to limited numbers of e-vehicles & their charging time also. They have their own charging stations in Gurugram & Delhi.

  • Lithium –

Contact details – info@project-lithium.com, https://project-lithium.com

Address: 158, 1st Floor, Seetharampalya Village, Mahadevpuram, Banglore, 560048

Phone- 080-48519866

Lithium Technologies is an Indian company based out of Bengaluru. It is founded by Sanjay Krishnan. At present they have around 1100 e vehicles which are running on roads in 9 cities of India starting from Bengaluru, Hyderabad, Pune, Delhi, Noida, Gurugram & Jaipur. Lithium technology run their cab service mainly for pick-up drop for corporate employees because of fixed time of movement of employees from office to residence & vice versa. This is due to range limitation of vehicles & lack of charging infrastructure.

Lithium has their own set of charging stations at various locations to run cab business.

  • Evera Cabs & Charging Stations by Prakriti e-mobility Private Limited –

Address – 1226, 12th Floor, DLF Tower B, Jasola, New Delhi, Delhi-110025

Ph: 011- 49540005/06

Email: info@epratriti.com

Prakriti e-mobality provides Evera Cab which is an Indian company, founded by Mr Namish, Mr Vikas & Mr Rajiv . This e-cab/e-taxi service available in Delhi, Gurugram & Noida. It is an App based e-cab/taxi service. User can book its ride through the App. They provide services

  • For individual ride &
  • Corporates for pick-up & drop of employees. They have approx. more than 500 e-vehicles which commute in Delhi-NCR. They have their own charging stations to run the e-taxi service.

  • Eee-taxi by A to Z Universal Solutions Pvt Ltd.

Address: Plot Dhani Ram Piayo, Main Palam Vihar Road, Old Delhi Gurgaon Rd, Gurugram, Haryana 122001

Head Office – 6th Floor, Unit No- 601-602, Vipul Square, Shushant Lok-1, Gurugram-Haryana

This is Indian company & headed by Mr Nishant Saini, Vipul Nanda & Shivkanth Khajuria. They provide E-taxi service in Delhi, Gurugram, Noida, Hyderabad & Bengaluru for various purposes like –

  • Daily commute which can be booked through an App,
  • Business Travel which includes point to point unlimited daily travel,
  • After hours travel which includes weekdays, weekends, holidays or late night.

At present they have more than 150 e-vehicles in their service.

  • Cab – Eez Infra Tech Pvt Ltd.

Address: Ground Floor, 29 Kala Nagar, Bandra East, Mumbai- 400051

contact@cabecars.com, 7208878771

This company is Mumbai based & founded by Mr Kuldip Ghosh, Mr Indraneel Chakravarty & Mr Nitin Sharma. AT present they provide E-taxi service in Mumbai only & provide  following services –

  • City commute – in which office, school, college, pub, movie, salon etc are covered with 24X7 services.
  • Intercity Travel – If user is planning to travel from Mumbai to other city.
  • In-city rentals – business meetings, shopping, city ride etc are covered with flat rate.

 

  • Envi

Address: Bellandur, Outer Ring Road, 216, Sobha Hibiscus Bengaluru east, Karnataka 560103 N.

It’s an App based E taxi service, based out of Bengaluru & started e-taxi services in 2020. At present they provide e-taxi service in Bengaluru only.  Envi E-taxi service has been started by Malbork which is an innovative & clean technology company.

 

Picture11.01

Why does Lithium-ion battery catch fire?

/0 Comments/in /by

Why does Lithium-ion battery catch fire?

Picture11.01

With recent incidents of fire in EV Scooters (two-wheelers) in India, people are worried about the safety of electric vehicles. These incidents happed in these brands of two- wheelers – OLA, Okinawa & Pure EV.

As we know that all electric vehicles get power through Lithium-ion batteries. Lithium ion batters are used these days in many electronic devices like laptops, mobile phones, smart watches etc as well as electric vehicles. The main reason of using these batteries is the higher storage capacity of power per Kg as compared to other batteries so that these devices could run for longer duration in single charge. Generally, the present energy storage capacity of Li-ion batteries is 150 watts-hour per Kg as compared to 25 watts-Hour per Kg for Lead Acid battery.

Design of Lithium-Ion Battery–

The design of battery is slightly different, it consists of an anode, a cathode, separator & electrolyte. The Anode, Cathode & Separator are assembled in a metal case/container where they are submerged in an electrolyte. In this configuration Anode (Lithium-cobalt-oxide) acts as a positive electrode while cathode (carbon) acts as a negative electrode. These two electrodes are separated by a thin sheet of separator which is made up of micro-perforated plastic. Generally, ether is used as an electrolyte.

Working of Lithium-ion Battery –

Working of Lithium-ion battery is different from normal lead acid batteries. In Lithium-ion batteries, ions are transferred between anode & cathode during charging & discharging of batteries while chemical reaction is required in conventional batteries.

During charging of batteries – lithium-ions are transferred from anode (positive electrode) to cathode (negative electrode) & during discharging – Li-ion moves back to anode from cathode & thus complete the cycle of battery. Per cell of Li-ion battery produces 3.5V which higher than any other type of batteries.

BMS of Lithium-ion Batteries –

Because of its usage for commercial purpose, Battery Management System (BMS) is used in all Lithium-ion batteries of electric vehicles for the safety of the batteries. The main function of BMS is to manage the temperature of battery. It also manages current & voltage of the battery. A good health of Li-ion battery depends on BMS which must ensure following things –

  • Protection of battery cell from overcharged / over-discharged,
  • Manage heat levels of the cells,
  • Checks loose connection & short circuits if any,
  • Communicate with vehicle onboard software

Precautions required to avoid fire risk while using Li-ion batteries –

Following points are important to avoid fire in Lithium-ion batteries –

  • Separator plays a very important role in the safety of the battery. As we know that anode & cathode are two different charged electrodes & they should not come in contact with each other. Whenever they will come in contact with each other short circuit will occur which may lead to fire. That is why the designing of separator should be done very carefully. If too much thin separator is designed, then chances of contact of both electrodes will be very high.
  • Avoid external damage to the battery
  • Temperature management of Li-ion battery is very important. Therefore, we need to ensure that BMS software should remain in healthy condition so that temperature management of the battery is done continuously.
  • Thermal Runaway Condition should be avoided because it a condition in which heat is transferred to another cell when one cell fails & creates a chain reaction that results in fire in the battery. Therefore, there should not be any compromised in battery management system during manufacturing.