Electric Vehicle (EV) retrofitting stands at a pivotal juncture in the landscape of urban transport, poised to play a substantial role in shaping sustainable city commutes. Amidst intensified global efforts to offset climate change and curb vehicular emissions, retrofitting presents itself as an actionable bridge to a full-fledged EV future. It offers a pragmatic and immediate solution—converting the current fleet of ICE vehicles to electric, thereby reducing emissions in line with India’s climate action commitments outlined in the Paris Agreement. As of 2023, the global retrofit vehicle market is estimated to be valued at $65.94 billion and projected to reach $125.37 billion by 2032 with a noteworthy CAGR of 7.40%.
