A STUDY OF IMPACT OF ELECTRIC VEHICLE ON AGRICULTURE ECONOMY OF INDIA

Electric vehicles (EVs) can have both positive and negative impacts on the agricultural economy. On the positive side, the use of EVs in agriculture can help reduce the carbon footprint of the sector. Many farmers rely on diesel-powered machinery, which emits greenhouse gases and contributes to air pollution. By replacing these machines with electric counterparts, farmers can reduce their environmental impact. In addition, the use of EVs in agriculture can lower operating costs for farmers. Electric tractors and other machinery may be more expensive to purchase upfront, but they have lower ongoing costs of operation than diesel-powered machines, due to lower fuel and maintenance costs. On the negative side, the shift to electric vehicles could have a negative impact on the oil and gas industry, which has long been a major source of income for many agricultural communities. Some communities may face job losses and other economic challenges as a result of decreased demand for fossil fuels. There may also be challenges related to the infrastructure required to support widespread use of EVs in rural areas. Electric charging stations may not be as readily available in rural areas as they are in urban areas, which could limit the usefulness of electric farming machinery.

 

Keywords: Electric Vehicles, Agriculture Economy, Infrastructure, Farmers, Economic Challenges.


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