Frugal Innovation Recipes – Part 3

Shivkumar Kalyanaraman, who is Program Director, Special Initiatives, IBM Research – India has written an excellent article on how to realise the rapid adoption of Electric Vehicles in India.

He has a highly informative article on ownership vs sharing and how circular economy (products as a service) can play a role in markets like India.

In his article titled “Understanding Shared EV Transportation for India: Electric Cabs vs Electric Buses (& RBT) and Metro Rail” he has this to say:
Conventional wisdom is that electric vehicles are VERY VERY costly for India… Or are they really? How quickly can we see meaningful penetration in India? To first approximation solar was expensive in 2009, but has achieved grid parity now, similarly energy storage and EVs are expensive now, but will be where solar is today by 2020 (i.e. 4-5 year lag w.r.t solar).

Shivkumar goes on to list that since the Indian government has stated that they want to have an aggressive policy of 2030 as a deadline year to have All-Electric Vehicle sales in the automotive space. He talks about how to achieve this via three major areas:
– EVs as Electric Cabs
– Electric Buses and Rapid Bus Transit (RBT)
– (Electric) Metro Transport Systems

The key contributor to the EV affordability case is the dropping price of LiIon batteries, the major cost component of EVs. The recent BNEF forecast indicates a EV learning rate of 20-25% to continue through 2030.

Author: Venkata Gandikota

Venkata has more than 13 years of technical engineering, research, ideation, strategy and business modeling experience. Based on his experience with the Indian market and realizing also the need for affordable & sustainable solutions for Finland and other European markets, he started The Nordic Frugal Innovation Society in late 2013 with 2 colleagues. By organizing ideation workshops and 2 major conferences involving Cities, Universities, and businesses he started to mainstream the concept in Finland and the Nordics. Gandikota has also written several articles focusing on frugal innovations in the Finnish media. He has also been helping Finnish businesses in India as CEO of Indianeer Consulting and gives guest lectures at JAMK University of Applied Sciences in Jyväskylä. He has a Bachelors in Chemical Engineering from India and a Masters in Environmental Engineering from USA.