• Electric Vehicles Future in India

  • Jun 2 2022
  • Length: 8 mins
  • Podcast

Electric Vehicles Future in India

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  • Summary

  • In this episode of Re Rey Show we talk about the electric vehicles or EV future in India: The electric vehicle industry in India is picking pace with 100% FDI possible, new manufacturing hubs, and an increased push to improve charging infrastructure. The Indian automotive industry is the fifth-largest in the world and is slated to be the third-largest by 2030. What are the advantages of Electric Vehicles? Cleaner environment Lower running costs Renewable electricity tariffs Government funding What is the disadvantage of Electric Vehicles? Their batteries need rare metals They are only as green as their power sources You can’t drive as far in an electric car Super expensive for now The EV industry in India is still in a nascent stage and we have limited options in the mass-market electric car segment, but it is experiencing a tremendous amount of growth.
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