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India is experiencing a rapid growth in its electric vehicle (EV) market, with over 90% of the country's 2.3 million EVs consisting of two- or three-wheelers such as motorbikes and rickshaws. This shift to EVs is driven by a $1.3 billion federal plan to promote EV manufacturing and provide customer discounts, as well as rising fuel costs and increased consumer awareness of long-term cost benefits. However, the long-term viability of EVs in India relies on securing sustainable supplies of critical minerals for batteries and transitioning electricity generation away from fossil fuels.
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