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Electric cars driving major market revolution in India | National & World News

India is one of the fastest-growing electric vehicle markets in the world, and more than 90% of India’s 2.3 million EVs are the cheaper and more popular two- or three-wheelers — that’s motorbikes, scooters and rickshaws. Policies to encourage sales, like a $1.3 billion federal government program, plus rising fuel costs over the past decade and consumers awareness of the long-term cost benefits are driving up sales. But for the electric vehicles market to truly be successful, experts say moving electricity generation away from fossil fuels, managing critical mineral supply chains and boosting EV sales across different socioeconomic backgrounds in the country will be key.

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Elizabeth Connolly , Santhosh Kumar , Balaji Premkumar , Akshima Ghate , City Link , New Delhi Based ,

Electric cars driving major market revolution in India

India is one of the fastest-growing electric vehicle markets in the world, and more than 90% of India’s 2.3 million EVs are the cheaper and more popular two- or three-wheelers — that’s motorbikes, scooters and rickshaws. Policies to encourage sales, like a $1.3 billion federal government program, plus rising fuel costs over the past decade and consumers awareness of the long-term cost benefits are driving up sales. But for the electric vehicles market to truly be successful, experts say moving electricity generation away from fossil fuels, managing critical mineral supply chains and boosting EV sales across different socioeconomic backgrounds in the country will be key.

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Balaji Premkumar , Akshima Ghate , Elizabeth Connolly , Santhosh Kumar , City Link , New Delhi Based , Ee National ,