EV Special Features

The India electric vehicle market size was valued at USD 1.45 billion in 2021 and is projected to grow from USD 3.21 billion in 2022 to USD 113.99 billion by 2029, exhibiting a CAGR of 66.52% during the forecast period. According to reports in public domain, India electric vehicle market exhibited a rise of 11.34% in 2020 as compared to 2019. Post the COVID 19 pandemic, the India Electric Vehicle market in India has rebounded with the cumulative sales crossing the 1 million mark for the first time in Y2022. The total units sold across all the segments reached 10, 90,641 units. Uttar Pradesh with 26.92% share dominated the EV market with maximum share in EV sales in 2022, followed by Delhi with 12.82%, Karnataka with 7.85% and Maharashtra with 7.21% market share. Among the cumulative EV...

Many countries are aggressively pursuing electric vehicles (EVs) as one of the many ways of addressing climate change. The objective is to replace the more polluting internal combustion engine (ICE) with electric motor and battery–enabled vehicles that can reduce the carbon footprint associated with transportation. Technological innovations over the years, especially in battery technology, are driving the transition to EVs, though their adoption is still at a nascent stage. Major challenges include relatively high upfront costs, range anxiety, inadequate charging infrastructure, and considerable waiting time for recharging batteries. While upfront costs are expected to reduce in the coming years due to technological improvements and economies of scale, the planning of adequate charging in...

Shifting Gears: Analysis of the Electric Vehicle (EV) Industry in India

Solar Energy Based EV Charging for Achieving Greener and Sustainable Mode of Transportation