In the last three years alone, India has seen a phenomenal 2000 per cent increase in EV sales, signalling a bright and promising future for this burgeoning industry
India has approximately 5,300 operational public charging stations as of March 2023 and the government has set a target of having one charging station every three kilometre in cities and every 25 kilometre on highways
It is highly unlikely that the fossil fuel-powered ICE vehicles will disappear completely from Indian roads, but their dominance in the market is likely to decline significantly
The burgeoning EV demand is expected to continue in near future. The huge burden on the entire ecosystem of EVB will also continue. To mitigate the impact, embracing I4.0 and adopting circular economy principles are bound to happen