For people in India unable to buy electric cars because of the premium pricing, there is good news. The increasing competition in the electric vehicle (EV) market might lead to a price drop making it more affordable.
The reason for such anticipations is because Tata Motors has launched its Tiago EV at prices lower than the current market prices. This has led to speculations that other carmakers will be forced to bring their prices down to beat Tata, The Economic Times reported.
The starting price for Tata Motors’ Tiago EV is Rs 8.49 lakh. This price has pulled down the gap between an internal combustion engine car and its electric version in India.
