The youngest sibling of the country’s top sectors, the electric vehicles industry is catching up to the rest and covering vast strides in India. With plenty of developments from a public policy narrative, a growing market for local players as well as tremendous opportunity for foreign businesses to bring in their expertise in India, EV is the future of automotive in India.
It has been an uphill battle to facilitate pan-Indian adoption for electric vehicles in India. While the millennials have shown relatively more interest in electric vehicles than their Gen-X counterparts, the Government is aiming to leave no stone unturned to achieve complete electric mobility in the country in the future. This has resulted in an increased in investments not only in producing different types of vehicles but also in the provision of modern, consumer-oriented features in them which are equipped with the latest, state-of-the-art technology.
With a pro-active involvement of the public and private sector, range anxiety in electric vehicles has been identified as a target area to overcome and it presents a massive scope of opportunities where India can collaborate with foreign as well as local industry experts in this space.
Electric vehicles (EVs) are a game changer; and not just because they present an engineering alternative to the traditional ICE engines. In their true essence, EVs sit at the core of redefining mobility at large – or in other words, they are central to the advent and development of e-mobility which is the inevitable future of commuting.
The electric vehicles (EV) sector is witnessing a global boom, with various countries making conscious efforts in ensuring civilian adoption of the new-age automobiles. Even more so, the bigger world powers are now in a race to develop cutting-edge technologies to position…