Business
September 11, 2023
3 min

Why are electric vehicles growing in popularity in India? - Euronews

India has emerged as a rapidly growing market for electric vehicles (EVs) with millions of EV owners, particularly in the motorbike, scooter, and rickshaw segments. The government's $1.3 billion scheme and increasing fuel costs have contributed to the market's growth. However, to effectively reduce carbon emissions, experts emphasize the need to transition electricity generation away from fossil fuels and ensure sustainable supply chains for critical minerals. Despite challenges, EVs are gaining popularity due to their lower operating costs and increased charging infrastructure.

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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