Electric vehicles are considered as future for any economy in general and Indian Economy in particular because only through electric vehicles India can reduce greenhouse gases as well as reduce import bill with special reference to crude oil since India is meeting 85% of its crude oil requirement via import from many countries. It is also observed that major share of India’s import bill is for crude oil and whatever amount of crude oil is imported in the form of petrol and diesel, the major part is being consumed by trucking industry, i.e., Road Freight Transportation Industry as a part of logistic sector in our country. Today, there are more than 10.25 million trucks an Indian roads and given growth in economic activities, especially based on agricultural and industrial sectors along with improvement in road infrastructure in India. The demand for trucks (various categories) also goes up. The increased demand for trucks will also be supported by recent policy announcement by Government of India, i.e., vehicle scrap policy. Hence, it is important now to find out possible way to transform trucking industry and electric truck as one of the possible ways as future of trucking industry in India. Further, the methodology adopted for the study includes data analysis techniques (regression analysis) with secondary data based on the elasticity approach and fitting log–log regression model. Moreover, the findings of the study indicate that given the significant relationship between dependent and independent variables considered for the current study revealed that in our economy using more electric trucks results in reduction in fuel cost and possibility of better viability of operation especially for trucking industry in general and small operators in particular. Thus, the current study attempts to find out economics of scale with reference to operation of the trucking industry through electric truck.

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Electric Trucks: Transforming India’s Trucking Industry for Energy Efficiency

  • Mahendra Parihar

摘要

Electric vehicles are considered as future for any economy in general and Indian Economy in particular because only through electric vehicles India can reduce greenhouse gases as well as reduce import bill with special reference to crude oil since India is meeting 85% of its crude oil requirement via import from many countries. It is also observed that major share of India’s import bill is for crude oil and whatever amount of crude oil is imported in the form of petrol and diesel, the major part is being consumed by trucking industry, i.e., Road Freight Transportation Industry as a part of logistic sector in our country. Today, there are more than 10.25 million trucks an Indian roads and given growth in economic activities, especially based on agricultural and industrial sectors along with improvement in road infrastructure in India. The demand for trucks (various categories) also goes up. The increased demand for trucks will also be supported by recent policy announcement by Government of India, i.e., vehicle scrap policy. Hence, it is important now to find out possible way to transform trucking industry and electric truck as one of the possible ways as future of trucking industry in India. Further, the methodology adopted for the study includes data analysis techniques (regression analysis) with secondary data based on the elasticity approach and fitting log–log regression model. Moreover, the findings of the study indicate that given the significant relationship between dependent and independent variables considered for the current study revealed that in our economy using more electric trucks results in reduction in fuel cost and possibility of better viability of operation especially for trucking industry in general and small operators in particular. Thus, the current study attempts to find out economics of scale with reference to operation of the trucking industry through electric truck.