Future of EVs in India

20 JUN,2022 | MEDC


Future of EVs in India: By 2030, over 30% of the vehicles sold in India will be electric, as per a recent study by Arthur D Little, a global management consulting firm. It ranked India 11th among 15 nations in the Global Electric Mobility Readiness Index. While Norway is the world’s first fully ready EV economy, India has the potential to be the dark horse in this race. Although current EV infrastructure in India remains inadequate, big bets have been placed by both local and global players to rectify the situation. International standards will also need to be kept in mind, as India is one of the largest markets for EVs in Asia, only behind China. Policy needs to build on this position by providing additional incentives for product innovation and startups involved in the battery R&D, as well ascreating supporting infrastructure.

 

Picture Credit: Google

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