New Survey: Majority Favor Electric Vehicles by 2030

25 Sep 2024 CW Team

Participants expressed a willingness to pay a premium of up to 49% for electric vehicles compared to traditional petrol or diesel options. This positive sentiment is largely attributed to the rapid expansion of the public EV charging network, with over 6,000 charging stations currently operational in major cities and highways. This figure is projected to exceed 100,000 by 2027.

The survey highlights that government initiatives and proactive policies have fostered a conducive environment for EV adoption. However, it also notes that India must harness advanced technologies and production capabilities similar to those established by China in the EV sector. China excels in producing lithium-ion batteries, electric motors, and comprehensive charging infrastructure, essential for the effective deployment of EVs.

To overcome the challenges posed by China's dominance, collaboration with Chinese companies could be crucial for enhancing India's EV infrastructure. The survey suggests that leveraging China's experience in large-scale EV projects, including city-wide electric bus fleets and extensive charging networks, can provide valuable insights and strategies for India. By adopting lessons learned from China's journey, India can effectively navigate potential pitfalls and accelerate its transition to electric mobility.

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