According to the report by the International Energy Agency (IEA), the electric car market will evolve into mass market adoption in the next 10 to 20 years. The IEA has projected that the electric car stock may range between nine million and 20 million by 2020 and between 40 million and 70 million by 2025.
India has a huge potential to become one of the world’s largest automobile markets, it only needs to frame stricter policies, better incentives, and quality infrastructure on its way ahead.
Being a young, dynamic, impulsive, and ambitious country, it has already started making goals to electrify the county’s transportation. But, in reality, how ready we are for this transformation. Let’s have a look at Divya Mittal, Associate Sales Director, ABB India Ltd on this.