
2020-03-28T03:38:19
Rate of growth in Electric Vehicle market share in the overall market is exponential after crossing 2 – 3 % overall market. If the statistical trends exhibited by markets which have more than 20% Electric Vehicles, replicate themselves in India then Electric Vehicle market share will expand from 2% to 30% plus extremely quickly. Now with good quality EV’s available with range in excess of 250 kms it appears that we are at the verge of seeing this event shortly. Battery cost is also falling aiding this objective. Which implies that the setting up of charging infrastructure is the only thing which is lagging behind. The need of the hour in India is to set up DC Electric Vehicle Fast Charging Stations.
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