Last year, a report from the World Economic Forum (WEF) highlighted that India is expected to be the world’s largest electric vehicle (EV) market, owing mainly to the measures taken by the central and state governments, which announced a slew of incentives and grants.
The new global lockout and further economic stagnation, however, has de-accelerated the transition in the Indian electric cars. The mobility market, which is a large client base for EV manufacturers, has been heavily impacted. But EV makers aren’t deterred, they’ve set their plans for the post-Covid market.
Indian EV industry has been prepping up from new launches to expansion. German automaker spokesperson Porsche told in March that this year that India’s electric vehicle market has just begun to grow.
Meanwhile, Audi India’s head Balbir Singh Dhillon also clarified that the EVs are the way forward but that the market will not grow overnight. He added that infrastructure plays an important role and concrete policy steps towards e-mobility infrastructure and that adequate funding for electric vehicle imports would be a welcome change.