EV Market Trends in India: Forecasting the Growth of EVs in the Coming Decade
India’s Vehicle Market Overview India’s automotive industry is a cornerstone of its economy, known for being one of the largest markets globally. While conventional internal combustion engine (ICE) vehicles dominate the space, the tides are turning towards electric vehicles (EVs) due to rising urbanization, fluctuating fuel prices, and environmental concerns. EVs are no longer just […]
The Electric Revolution: Why 80% of Three-Wheelers Could Be Electric by 2030
Did you know India sold nearly 580,000 EV three-wheelers, including electric rickshaws and cargos, in 2023—almost 65% more than in 2022? This feat earned India the title of ‘the world’s largest electric three-wheeler market’. Industry giants such as Bajaj Auto and Piaggio Vehicles (India) expect 80% of the 3Ws in the country to go electric […]