Chennai: The Indian electric vehicle (EV) sector would continue to face regulatory, technology and market headwinds in 2024, said industry officials. As to the tailwinds that would push the sector forward, the officials said growing popularity, reducing battery prices which in turn would reduce the price gap between oil-powered vehicles and EVs. The industry is also taking note of the traditional two-wheeler makers like TVS Motor and Bajaj Auto gaining market share against the pure play EV players. The year 2024 may also see the US-based Tesla promoted by Elon Musk setting up base in India and India’s own EV two-wheeler maker Ola Electric hitting the markets with its initial public offering
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