The Electric Vehicle (EV) industry in India is experiencing rapid growth, driven by government initiatives, increasing environmental concerns, and advancements in technology. This article explores the current state of the electric vehicle industry in India, its growth potential, challenges, and future prospects.
Overview
India, the world’s fourth-largest automobile market, is witnessing a significant shift towards electric mobility. The government has set an ambitious target of achieving 30% electric vehicle penetration by 2030. This push towards electric vehicles is driven by the need to reduce air pollution, decrease dependence on fossil fuels, and combat climate change.