<p>Today, the popularity of electric cars, based on the myriad of benefits they<br />
provide, seamlessly projects stiff competition for fuel-oriented vehicles. With<br />
the burgeoning launch of various electric car models, the dream of a world<br />
devoid of petrol cars no longer seems too far-fetched. According to a study<br />
published in the journal &ldquo;Nature Sustainability&rdquo;- &lsquo;In 2050, every second<br />
car on the streets will be electric&rsquo;.<br />
Electric cars function by plugging into a charge point and receiving<br />
electricity from the grid. They store electricity in rechargeable batteries<br />
that power an electric motor, which turns the wheels. These<br />
cars accelerate faster than vehicles with traditional fuel engines &ndash;<br />
making them more convenient to drive. They&rsquo;re emission-free and<br />
environment-friendly. The advent of electric cars also anchors a<br />
revolutionary change in paradigms of petrol usage in future.<br />
According to an &lsquo;All India Study&rsquo; conducted by M/s Nielsen (India) Pvt Ltd for<br />
Petroleum Planning and Analysis Cell (PPAC) of Petroleum Ministry, in case of<br />
petrol, 99.6% is consumed in the transport sector. Of this, majority<br />
consumption of 61.42% is accounted for by two-Wheelers, while cars use<br />
34.33%. Petrol is a non-renewable, exhaustible natural resource. Petrol cars<br />
emit pollutants in the form of harmful smoke, that causes air pollution. It takes<br />
millions of years for this oil to form, and when it is extracted and consumed,<br />
there is no way for us to replace it.<br />
India is the third-biggest oil importer after America and China and its oil<br />
reserves mainly survive on imports. Favourable plans and policies have been<br />
developed by the Indian government like National Electric Mobility Mission<br />
Plan (NEMMP), and Faster Adoption and Manufacturing of (Hybrid)<br />
and Electric Vehicles (FAME) scheme, to drive the transition towards<br />
the EV ambition of India. Campaign- &lsquo;Switch Delhi&rsquo; has been unleashed to</p>

<p>promote and incentivise electric vehicles in Delhi- one of the cities with the<br />
worst air quality.<br />
Crude oil is one of the most precious commodities of the contemporary world.<br />
It is also rated as the most traded resource ever. Known as black gold for the<br />
value it holds, crude oil is processed into petrol, diesel and a range of<br />
petrochemicals with multiple uses, diving deep into daily life. According to<br />
current estimates, 79.4% of the world&#39;s proven oil reserves are located in OPEC<br />
Countries, with the bulk of OPEC (Organization of Petroleum Exporting<br />
Countries) oil reserves in the Middle East, amounting to 64.5% of the OPEC<br />
total.<br />
Race for export and production of oil in the Middle East, in the past, has been<br />
one of the reasons leading to changing economic and geopolitical power<br />
dynamics. Iran&ndash;Iraq War (1980&ndash;1988), Gulf War (1990&ndash;1991), Kuwaiti oil spills,<br />
and Iraq War (2003&ndash;2011)- have all been fought with the rationale in tandem<br />
with control of oil. The course of development and high GDP, drawn by high<br />
returns from oil exports has made countries like- Saudi Arabia economically<br />
powerful. Due to it providing higher financial contribution, Saudi Arabia leads<br />
ahead of India in voting power in the World bank&rsquo;s International Development<br />
Council, which offers concessional loans and grants to the world&#39;s poorest<br />
developing countries. If electric cars upset the demand for petrol, the economy<br />
of middle east countries will hit a staggering limp. Additionally, the low<br />
demand shall lower the cost of oil, which will not bode well for their economy.<br />
The advent of electric cars will also pave the path for technology-rich,<br />
innovation-marked countries like- China and Japan to dominate the<br />
automobile-market on a very large scale. Being a nation of immense potential,<br />
India shall also expect a surge in the upliftment of its contribution in the<br />
manufacturing sector (electric cars).<br />
With reduced usage of petrol in the transport sector, oil reserves of countries<br />
like- America may get shifted for utilisation in other areas, like- agriculture and<br />
aviation.<br />
The chief advantage of petrol cars is -they are generally cheaper to purchase<br />
and maintain than electric or hybrid cars. They also are better when it comes<br />
to speed. Electric cars require to be charged for a fairly long time, sometimes<br />
overnight to get the power, one needs for a journey. In fact, most standard<br />
electric cars only provide a range of 80 to 100 miles, before they need<br />
recharging. Due to their lower costs, petrol cars have increased common<br />
people&rsquo;s access to a self-reliant mode of conveyance.</p>

<p>Overall, electric cars augment in the attainment of sustainability, and to an<br />
extent, will reduce the impact of global warming, however, they require better<br />
technical sophistication for expanding their market base.</p>
