India’s mobility transition is advancing, as electric vehicle (EV) sales exceeded one million units in 2022. E-2W and e-3W are primarily leading the transition. In contrast, e-4W volumes lagged for several reasons, including the lack of variety in models.
The launch of new varieties of e-4W models by top automakers featuring various seating capacities and driving ranges should provide the e-4W segment with a much-needed boost.
Installing additional charging infrastructure and introducing consumer finance alternatives for reasonably priced EVs will be crucial next steps.
Can more EV models be made available to the public to encourage the growth of the EV ecosystem as a whole?