Glitch Solved – The New Age of EVs in India
Bisinfotech Logo

Glitch Solved – The New Age of EVs in India

The Indian government has initiated numerous incentives and also simplified the loan procedure further fostering the Indian EV revolution. From battery swapping policy to PLI schemes, every step has been made to simplify the usage of electric vehicles. A report by the Federation of Automobile Dealers Association says, out of the 2.72 million passenger vehicles retailed in India in FY22, EVs constituted just 17,802 units or 0.65%. However, this represents a 257% jump over FY21. 45,000 to 50,000 EV cars could be sold in India this year. Only the initial 1.5% to 2% EV adoption takes time. EV adoption will pick up when the resale market emerges, says Sanjay Gopalakrishnan of BYD India.
Read More