Abstract

The automotive industry is marching towards cleaner energy in the impending future. The need for cleaner energy is promoted by the government in larger perspectives in global market to reduce pollution. Automobile's contribution is more with regard to pollution level in the environment. For cleaner energy in automobiles the industry needs to be revolutionised in all aspects. The automotive industry is now focusing on electric vehicle and more research spotlight from the vehicle manufacturers to find solutions for the problems faced in the field of electrification. Thereby, to accomplish full electrification, there is a long way to go which also requires change in the existing infrastructure with many innovations in the field of EV infrastructure and grid connectivity; it implies economic impact of the electric vehicle in the society. In this work, an analysis of the electric vehicle market with the economic renewable energy and infrastructure impacts of the electric vehicles is studied.

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