EV retail is poised for growth but these challenges might be holding it back
The global automotive industry is shifting significantly towards electric vehicles (EVs) to combat climate change and reduce carbon emissions. India, too, is steadily moving towards electrification. In 2022, as per Vahan, EV sales in India hit the mark of 10,23,735 units, and until March 2023, the number was already hitting an impressive milestone of 11,65,057 units. This substantial jump in the numbers indicates the readiness of consumers to embrace the EV alternative to high petrol and CNG charges.
