A push for cleaner mobility is essential for India’s goal to reduce its oil import bills. This can only be achieved by Green Fuel and Electrical Vehicles (EVs) Why? According to studies, fossil-fuel (diesel and petrol) vehicles contribute 60% PMs (particle pollution) and 20% CO2. On the other hand, EVs are smoke-free. Keeping in mind this bigger objective, the government has identified 12 national highways for conversion into Electric Corridors. Two of them are getting prototyped by Ease of Doing Business Division of ASSAR as a Pilot Project to make Delhi-Agra (Yamuna Expressway) and Delhi-Jaipur Highway India’s first E-Highways.
This project is inspired by the Hybrid Annuity Model (HAM) launched by of Shri Nitin Gadkari in 2015 and under this new hybrid financing model Annuity Hybrid E-Mobility (AHEM) any regular expressway can be converted into a green E-Highway in 90 days with electric cars, electric buses and charging stations. Under this hybrid model, the capital spent on charging reaches break-even in 3 years and Electrical vehicles shutting down on this E-Highway gets tech support in 30 minutes. Bus operators get electric vehicles at 30% lesser upfront cost.
Taking the initiative forward, NHEV (NH for Electric Vehicle) will start its tech-trial run from Delhi to Jaipur via. NH 48 on May 03, 2021. This is going to be the second trial run; first being conducted between November 25 to December 25, 2020 Delhi-Agra via Yamuna Expressway. In this trial run on May 3rd, components of all 4 major ‘Ease of Doing Business’ deliveries will be showcased in exhibitions to bring electrical vehicles on highways.
According to the pilot team on the project, this 30 days trial run will demonstrate Annuity Hybrid E-Mobility (AHEM) on the ground after its financial launch in March 2020 and proven success of Hybrid Annuity Model (HAM) in 2015. The trial run will have the following components of ease of doing business:
(1) 30 minutes backup for Electrical Vehicles: Every EV on India’s first E-Highway will get technical back up within 30 minutes in case of breakdown on this 500 km green E-highway between Jaipur-Delhi-Agra.
(2) 30% rebate on Electrical Vehicles for car/bus operators: NHEV is prototyping ‘Battery Subscription’ in its Jaipur-Delhi-Agra pilot project to provide 30% rebate in upfront price of electrical vehicles to its bus fleet and cab operators after NITI Aayog’s approval to sale EVs and Batteries separately.
(3) 30% utilization of Capital Expenditure (Capex) on chargers: NHEV charging infra utilization is estimated to be 30% on financially pre-meditated fleet trips and frequency compared to 3% utilization in cities.
(4) Three years break even for investors: 36 to 40 months are sufficient for NHEV charging stations to reach their break-even from the existing traffic conversion at 3% adoption ratio of electrical vehicles.
EV manufacturers like Hyundai, TATA, Mahindra, Morris Garages have been shortlisted with their 250 KM plus range Highway Edition and Luxury Segment electric vehicles to showcase their vehicle and perform this intercity TECH-Trial Run between Delhi and Jaipur starting with Flag-Off ceremony at Delhi’s India Gate on May 03, 2021. NHEV is coming up with its first E-Highway and 20 state of art charging stations between Delhi – Agra – Jaipur. This is being offered to Oil and Power PSUs on annuity as 1st preference in this prototype pilot. But private entities or investors shall be given preference in allocation to own these stations in upcoming highways.