FUTURE OF ELECTRIC VEHICLES IN INDIA

Abstract

Electric Vehicles are nothing new and we all have heard about how it is the future in recent past but are all these speculations hold enough weight, is the electric Vehicles infrastructure going to be in the scheme of things of our current governments or future governments. In this particular report, I will try to explain what is Electric Vehicle, how did it arrive and what the future hold for EVs in India. The objective of this research paper is to gain a better understanding and evaluate the current scenario of Electronic Vehicles manufacturer in adopting future regulatory measures which would be provided by the government, what are the problems that the Electric Vehicles manufacturer will face, how the government would try to help firms in this direction, such as policies that might be beneficial to the average consumer in buying an EV compared to a traditional gas vehicle. And the policies which might encourage new firms in India as well as International firms to try to create manufacturing plants and other investment in Electric Vehicles in Indian Market. This research paper will also discuss the various problems that the country might face in the transition from traditional vehicles to Electric Vehicles, how the mindset of Indian people is transitioning into becoming more open minded and how it might help them for the adoption of Electric Vehicles in the Future. I conducted a small survey to better understand the various perceptions and attitudes of the possibilities for new technologies in automobiles, especially electric vehicles. It was difficult to forecast future demand for EVs because it demanded assessing consumer preferences for a product that they had never seen before. As a result, we concentrated on evaluating respondents' familiarity with EV technologies, as well as their views on price, model, choice, fueling, connectivity, and maintenance expenses, as well as the consumer's perceived fit of an Electric vehicle in his or her lifestyle depending on a wide number of demographic parameters.