Surge in EVs Seen in India Fueled by Government Incentives and Cost Sensitivity

  • India displays a rapidly growing electric vehicle (EV) market, particularly leaning towards cheaper two- or three-wheelers, say reports.
  • A $1.3 billion federal plan, higher fuel prices, and long-term cost benefits have accelerated EV sales.
  • Experts stress the need for cleaner electricity sources, secure mineral supply chains, and improved EV affordability for effective carbon reduction.
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