Shift from Manual Ain’t Automatic for Most Indians as High Prices Keep Buyers in First Gear

Despite a surge in electric vehicle (EV) launches in India, high upfront costs and limited charging infrastructure hinder adoption. In 2025, EV penetration is expected to double to 4%, driven by government incentives and new models. However, affordability remains a challenge, with battery costs keeping prices high. Efforts like local battery production and expanded charging networks aim to address these barriers. Industry experts emphasize the need for consistent policies and reduced GST on batteries to accelerate EV adoption and align with India’s sustainability goals.

 

Source: Business Standard, Economic Times, CarDekho