Business
September 11, 2023
3 min

India is one of the world's fastest-growing EV markets. This is why - Quartz

India is experiencing a rapid surge in its electric vehicle (EV) market, with millions of EV owners and a growing number of tech startups focused on electric transport. Over 90% of India's electric vehicles are two- or three-wheelers, such as motorbikes, scooters, and rickshaws. The country's $1.3 billion federal plan, rising fuel costs, and consumer awareness of long-term cost benefits are driving up EV sales. However, to effectively reduce emissions, experts emphasize the need for clean electricity generation, sustainable mining practices, and increased EV sales across different socioeconomic backgrounds.

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Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry