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E-Vehicles Plug Into Indian Automotive Grid For The Long-Term
March 2018
|Auto Components India
Kaushik Madhavan, Director, Mobility (Automotive & Transportation) Practice, Frost & Sullivan
The 2018 edition of the Auto Expo in New Delhi has marked the beginning of electric mobility as a mainstream offering in India. Buyers are more aware now of the various options available. Frost & Sullivan estimates EVs to account for about 30-35% of the new vehicles market by 2030, translating to about 2.0-2.5 million new passenger vehicles annually.
The Auto Expo-Motor Show 2018 saw the highest number of EV showcases by OEMs across vehicle segments, including two and three-wheelers apart from passenger and commercial vehicles. The message is very clear – all the mainstream OEMs are ready with their EV models should the Indian market demand a diverse range of electric mobility offerings.
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