EV Trends in India

With increasing global awareness and targets to reduce carbon emissions, the government has been supporting the adoption of electric modes of transport in India. Several state-wide measures have been initiated to ensure faster transfer to environment-friendly mobility solutions. The Indian government has also introduced incentivized policies for EV original equipment manufacturers (OEMs) to cut down the costs of manufacturing and in turn, help lower the cost of ownership for consumers. However, lack of appropriate infrastructure and higher dependency on imports pose a challenge for the fast-growing EV market in India.