ANNOUNCEMENTS
The clean energy initiatives have led to many breakthroughs in technology like electric vehicles, solar rooftops, and lithium-ion batteries. The rising GHG emissions have made it necessary for countries to move towards sustainable modes of transportation. India also plans to be net zero by 2070 to do that India is placing its bet on the electric vehicle by taking up the initiative EV 30@2030 which means 30% of new registration will be an electric vehicle by the year 2030.
Herein, it becomes essential for the stakeholders to have a model which predicts the feasibility of the solar charging model at the household as well as fleet operation level. It is also essential to have a cost-competitive model with conventionally powered ICE vehicles like petrol or a CNG vehicle. The studies reported in the literature review have given insights and tools and methodologies to work on the objectives. The data that has been collected for the study is from primary as well as secondary sources. Some values are assumed due to the limitation of data.
A Homer model is being designed for solar rooftop charging model at the household level the LCOE for solar and grid came out to be 1.331/KWh and payback for the system was around 8.2 years for a 3 KW system optimized by Homer. A similar Homer model was designed for a fleet services company where the LCOE for a solar grid model was 7.335/KWh and the payback period of the system was around 6.3 years for a 15 KW system optimized by Homer.
The third objective which is the comparison of the electric vehicle with the CNG and petrol vehicle drives the relationship between the average usage of the car and its dependence on the distance traveled to breakeven with the total cost of ownership and the emissions from the battery during the manufacturing phase.
Keywords: Electric Vehicles (EVs), Total cost of ownership, CO2 emissions, Household charging, Fleet charging, levelized cost of electricity (LCOE).
