Ateneo Innovation and Entrepreneurship
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From Business Inquirer | March 19, 2013
I heard this on the radio last night as I was driving home last night at about 10:30 pm and a panel of car drivers were discussing a number of things on radio.
This car the E20 which is priced at $11,000.00 (P440,000 ) 596,000 rupees and is 300,000 ruppees than a petrol car. It has a range of 100 km and can be recharged in 5 hours using 15 A power source and top speed of 80 kmh. It is manufactured by M & M(sounds like chocolate candy to me) in Banglore India. Its chairman Anand Mahindra calls it the wave of the clean energy future perhaps referring to the massive air pollution in India that needs to be resolved. The car features 10 on board computers that analyze the way the car performs.
Annual savings for gas consumption is 70,000 rupees or $1,291 or PHP 51,960. Payback period would be 8 years.
MM bought controlling interest in EV manufacturer Reva. Reva known as G Wiz in UK sold only 5,000 evs because of the resistance of buyers to pay premium to the EVs.
Some difficulties in India would include: frequent power outages and lack of recharging network in India.
Would this be bought in RP?
Are the EV converters here (those who make electric jeeps) equal to this?
Would you buy an EV?
What are the advantages of EV?
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