Posts

Showing posts from September, 2022
Image
Electric vehicle in India & future outlook There are many stakeholders involved in the electric vehicle market, which has a multidimensional scope. For an automotive market that is 5th largest and slated to become 3rd largest, electric vehicle adoption is imperative at the mass level and fast. According to this, over 3,30,000 electric vehicles will be sold in 2021, a growth of 168 percent from 2020. It is predicted that this number will exceed 90 lakh by 2027, according to a report released by IVCA-EY-IndusLaw. However, this rise in sales is overwhelmingly driven by two- and three-wheelers. Several factors must be considered for the Indian electric vehicle ecosystem to become wholesome. A small number of electric passenger cars and buses are registered. There is also the task of providing viable charging infrastructure for the country. Can you tell me what the dynamics of the Indian electric vehicle market are shortly and what the government is doing in this area? According to th