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
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