While India stands third in terms of number of four-wheeled passenger vehicle (PV) sales in the world, electric vehicle (EV) penetration is very low. Higher initial prices and range anxiety are among the key reasons for the low penetration. However, lower ‘total cost of ownership’ compared with their fossil fuel counterparts, development of charging infrastructure and favourable policies are helping improve EV sales in India.
Trends in India’s electric PV market
Published on
June 28, 2024 15:46
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