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

India's electric vehicle (EV) market is booming, with over 90% of its 2.3 million EVs being two- or three-wheelers. The country has become one of the fastest-growing EV markets in the world, driven by a $1.3 billion federal plan to support EV manufacturing and provide customer discounts. Analysts credit rising fuel costs, consumer awareness of cost benefits, and the need to reduce emissions as key factors. However, ensuring the sustainability of critical mineral supply chains and transitioning to clean electricity generation are crucial for the long-term success of the market.

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