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India Electric Vehicle Market Size, Industry Share, Growth & Forecast To 2025
India Electric Vehicle Market Size
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For instance, in 2015, the government of India had adopted the faster adoption and manufacturing of hybrid and EV (FAME) scheme with an outlay of $130 million, to provide subsidies for electric two and three-wheelers, hybrid and e-cars, and buses. In 2019, the project gets scaled up FAME II, with an outlay of $1.4 billion to be used for upfront incentives. The government allocated $1.2 billion for the purchase of EVs and $200 million for supporting the deployment of charging infrastructure. However, the high cost of batteries and the low-range availability of electric vehicles are the key factors to restrain their market growth in the country.
A Full Report of India Electric Vehicle Market is Available at: https://www.omrglobal.com/industry-reports/india-electric-vehicle-market
The market is segmented on the basis of vehicle type, propulsion technology, and battery type. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheeler. Based on propulsion technology the market is sub-segmented into battery electric vehicle, plug-in hybrid electric vehicle.
Market Segmentation
India Electric Vehicle Market by Vehicle Type
Commercial Vehicles
Passenger Cars
Two-Wheelers
India Electric Vehicle Market by Propulsion Technology
Battery Electric Vehicles
Plug-in Hybrid Electric Vehicle
India Electric Vehicle Market by Battery Type
NiMH
Li-Ion
Others
Company Profiles
Ashok Leyland
Ather Energy Pvt. Ltd.
Bajaj Auto Ltd.
Hero Electric
Hyundai Motor Co.
Jangid Motors Pvt. Ltd.
Mahindra & Mahindra Ltd.
Okinawa Autotech
Olectra Greentech Ltd.
Tata Motors
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