GROWTH OF EV INDUSTRY IN INDIA

Abstract

In India, the market for affordable, less-polluting electronic vehicles is growing. Automobile associations are transforming the industry by developing innovative new variations of vehicles. The EV market is expanding rapidly, and greater developments are anticipated for upcoming models. Existing vehicle manufacturers are looking for new electric vehicle models now that they are aware of the shift. Developed countries like the UK and France have been pushing to ban the sale of gasoline and petroleum-powered vehicles completely by 2040. Experts predict that within five years, all new car sales in Europe will likely be electric. Within the automotive industry, driving vehicle manufacturers and organizations are facing growing responsibilities and competition. Energy experts predict that the economies of developing nations such as India will spur demand for vehicles, and that since there will be fewer problems with the waste products of fossil fuels, these countries’ legislative agendas will prioritize EV development. As the EV industry develops, many groups plan to offer EV charging stations.