Government incentives and cost-conscious customers lead to electric vehicle boom in India ...Middle East

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By SIBI ARASU Associated Press BENGALURU, India (AP) — India is one of the fastest growing electric vehicle markets in the world, and more than 90% of India’s 2.3 million EVs are the cheaper and more popular two- or three-wheelers — that’s motorbikes, scooters and rickshaws. Policies to encourage sales, like a $1.3 billion federal government program, plus rising fuel costs over the past decade and consumers’ awareness of the long-term cost benefits are driving up sales. But for the electric vehicles market to truly be successful, experts say moving electricity generation away from fossil fuels, managing critical mineral supply chains and boosting EV sales across different socioeconomic ba

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Last updated : 31 August 2023 clock 05:37 AM

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Government incentives and cost-conscious customers lead to electric vehicle boom in India ...Middle East

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