What is your thoughts on Electric vehicles in India?

India is certainly witnessing a major boom in electric vehicles, be it a four-wheeler or two-wheeler in the last half a decade. India aims to acquire a major space in the global electric vehicle market. Several startups and automakers in the country have emerged working on electric vehicles buzzing with new advancements, innovations and trends alongside the conventional automobile manufacturers.

Image source: EVreporter

What is even more interesting is that the mindset of the Indian population is gradually evolving, with many now willing to make a switch to EVs soon. A recent study has highlighted that by 2022, most consumers in India would consider buying an electric vehicle. This in itself is a key trend that is likely to trigger the growth of the EV segment in the country.

Experts Say about Electric vehicles:

Experts suggest that the biggest and the lucrative market in the EV segment is that of two-wheelers, as they play a significant role in the country’s overall mobility. In India, more than 25% of people commute to work on two-wheelers as they are an affordable and reliable means of transport for people across the Urban and rural areas of the country. The total number of electric vehicles sold in 2019 was 1.56 Lakh of which 1.52 Lakh were two-wheelers, 3400 were electric cars, and 600 were electric buses, clearly, the two-wheeler market for EVs is likely to catch greater momentum in the times to come. (As per the report of ET)