In its bid to cut back tailpipe emissions and promote the usage of cleaner mobility options, the last-mile mobility business has put the pedal to the metallic that has enabled India to see an exponential rise within the share of electrical automobiles (EVs) being offered available in the market these days.
In an interplay with the Financial Express, Prateek Rao, CEO & Founder, Zyngo EV Mobility, shares that the logistics area has benefited rather a lot from adopting the inexperienced automobiles.
Last-mile deliveries have been transitioning to EVs from Internal Combustion Engine (ICE) automobiles these days. Talking about how the overall price of possession has modified relying on the technological and regional components, Rao mentioned, “Given that TCO entails the upfront capital cost as well as the operational cost of a vehicle alongside optimal vehicle usage, EVs have an inherent advantage as they offer lesser operational and maintenance costs as compared to ICE vehicles. Leveraging the latest technology and integrated ‘tech-first’ fleet operations system has reduced TCO as well as range anxiety and inefficiencies within the ecosystem.”
Rao talked about that fleet electrification goes to be a key answer to cater in direction of the rising logistics demand of companies in India. “Last-mile logistics is going to grow exponentially, becoming a $5 billion (Rs 38,785 crore) market in India by 2024. It is crystal-clear that businesses – especially e-commerce, online-commerce, FMCG, retail, grocery delivery, among other types of companies – are taking a note of these facts and figures and are now increasingly looking to transition to EV fleets. As with EVs the operational costs are lesser, and it is possible to increase profitability along with efficiency and productivity.”
When requested if the arrival of FCEVs will additional improve the associated fee effectivity of the last-mile supply fleets, he replied, “From PHEV to FCEV to hydrogen vehicles, the commercial vehicle market is nowadays ever-evolving with many new alternate fuel options and technologies coming to the fore. However, these technological innovations will take time (maybe upto a few years or decade) to shape up and become commercially viable fully. In the meanwhile, lithium-ion based EVs have already proven their effectiveness and viability in the logistics and last-mile delivery space in India.”
It is worthy to notice that the last-mile supply fleets have been majorly adopting EVs and therefore boosting the gross sales of electrical automobiles in India, significantly within the two- and three-wheeler section. He expressed his views on 3PLs position within the EV share on the Indian roads saying “The Central government’s and various state government’s push towards electrifying upto 30-50 per cent of delivery fleets are the steps in the right direction in paving the EV revolution in India. In addition, consumer behaviour is also changing towards environmental-friendly mobility, and more so after the pandemic-led digital and tech proliferation. Today, quick commerce and e-commerce is booming with innovative business models like 10-minute, 20-minute or 1-hour deliveries coming to the fore, and EV fleet and logistics players must take note of the same and adopt and evolve their operations in accordance.”
Source: www.financialexpress.com”