Electric Vehicle Market Outlook Report 2020
India has set a target of 30% electric vehicles on the road by 2030 and given that so far only 32% of states and UTs in the country have formulated policies regarding electric vehicle adoption, this is an ambitious target.
The latest report by DataLabs assesses this booming EV market in India, even as the electric mobility system takes steps towards maturity. Touching on the factors driving the supply and demand side, the report showcases the current challenges, trends and investor confidence in this sector.
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Key Highlights
The Electric Vehicle Market Outlook Report 2020 carries deep analysis of the impact that the electric revolution has had on the world's fourth-largest auto market in the world, with approximately 21 Mn automobiles sold annually.
83%
Negative sentiments towards slow charging by Indian consumers
$601 Mn
Raised by Indian EV startups between 2014 to 2019
70%
70% Market share in commercial vehicles by 2030
Tata Nexon EV
the most popular electric vehicle
Table Of Contents
- Scope Of The Report
- Executive Summary
- Introduction
- India’s Automobile Sector: An Overview
- The Electric Vehicle Market In India
- The Electric Vehicle Startup Landscape
- EV In India: The Consumer Side Of The Story
- Factors Driving Electric Vehicle Market
- Market Electric Vehicles: How Is India Buying?
- Global Comparisons
- The Underlying Problems
- Policy Measures and Recommendations
- Case Studies
- Future Trends In The Electric Vehicle Market
- Methodology
- Glossary
- Bibliography
Summary
Though still in nascent stages in India, electrification of mobility is one of the largest segments within the automobile industry globally. India’s auto industry became the fourth largest in the world with sales increasing 9.5% to 4.02 Mn units in 2017 (excluding two wheelers) and emerged as the seventh largest manufacturer of commercial vehicles the next year.
