India Electric Car Market
August 25, 2023 ⚊ 1 Min read ⚊ Views 33 ⚊ BLOG
The electric vehicle opportunity is a game-changer for India’s car industry. With rapid urbanization, migration, and economic growth causing severe air pollution and traffic congestion, transitioning to EVs is crucial to reduce pollution and lower dependence on expensive oil imports covering 80% of the country’s needs. India’s worst pollution record in 2021, leading to over 2 million deaths annually and significant GDP costs, emphasizes the urgency. Embracing EVs can improve public health, and energy security, and create a domestic EV industry with economic growth potential. However, successful adoption necessitates investment in charging infrastructure and supportive policies for a sustainable future.
Tags: Vehicle Tracking Market, Vehicle Tracking Market si
