Statsguru: India yet to plug EV gap in the race with Asian peers
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India's electric vehicle (EV) ecosystem is lagging behind its Asian peers, with EVs making up only 4.1% of passenger vehicle sales compared to 50% in China and 37.9% in Vietnam. Despite strong policy support and growth in domestic production, infrastructure remains a significant barrier, with 84 EVs per public charger in India versus 10 in China. Additionally, India faces a higher import tariff on EVs at 103.8%. The EV market saw a contraction of 22.22% in FY25, highlighting the challenges ahead for India's EV adoption amid rising fuel prices and global energy concerns.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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