In a latest research, there is a notable call for new energy vehicles (NEVs) among Indian customers. Up to 83% of interviewees are ready to view a new energy vehicle (NEV) to be their only choice when making a transaction before the end of this decennium. In order to regulate how customers noticed about the adoption of NEVs, 1,000 potential car users were observed by Urban Science and The Harris Poll. It displayed that purchasers are ready to refund to 49% more for an electric car than they would for a similar gas or diesel vehicle.
The survey identified a number of causes for optimism in the industry, including the market for EV chargers‘ quick growth and government initiatives. There are already about 6,000 charging stations in India. This number is expected to rise above 100,000 by 2027.
The study also noted how hard it is for India to still access China’s sophisticated technology and industrial production. It stated that while the sector’s growth is encouraging, China’s dominance still poses a hurdle. When it comes to the manufacturing of lithium-ion batteries, electric motors, and the infrastructure required to charge EVs, China leads the globe.
Growing the market for electric vehicles (EVs) is one of the Center’s major initiatives as it strives to accomplish goals and transform the transportation sector. Transport Minister Nitin Gadkari had predicted that the sector would grow to Rs 20 trillion by 2030. During an event in Delhi, he forecasted that by 2023, EV sales in India would exceed 10 million units annually. Gadkari went on to say that this business may generate 50 million new jobs.
Across the country, two percent of passenger automobiles and six percent of all vehicle types are currently being embraced. Thirty lakh electric automobiles are registered in India.
