How Shared Mobility Can Reinvent India’s Automobile Industry

How Shared Mobility Can Reinvent India’s Automobile Industry

SUMMARY

Despite the Indian automobile industry experiencing a sharp decline in FY19, the electric vehicle market is expected to grow at a CAGR of 43.13% from 2019 to 2030

The key opportunities in adopting EVs in the shared mobility space are that the industry in the Southeast Asia region is flourishing as customers become conscious of the environmental footprint

This article explores the future of mobility through the rise of the shared mobility concept and the increasing adoption of electric vehicles

Asia is one of the most significant contributors to highlighting the importance of decarbonisation within global markets. With more than 56% of the world’s population residing in the region, Asia has the potential for significant economic growth. 

Though, it is quite important for this growth to have a green foundation. This has translated to increased commitment towards achieving zero emissions or shifting to electric vehicles by 2030.

Note: The views and opinions expressed are solely those of the author and does not necessarily reflect the views held by Inc42, its creators or employees. Inc42 is not responsible for the accuracy of any of the information supplied by guest bloggers.

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