A glimpse of the current Electric Vehicle market in India
The electric vehicle industry of India is in its nascent stage but growing fast. Both central and the state governments are launching different schemes to incentivize the adoption of electric vehicles in India. According to Auto News published in the Economic Times on April 4th, 2022, the number of registered electric vehicles running on Indian roads is 10,95,746. According to the same report, India has registered a growth of 162 percent in the sale of electric vehicles. The type of electric vehicle registering the most increase was buses with 1,250 percent. Then two-wheelers’ with a rise of 423 percent, followed by four-wheelers by 238 percent, and lastly, three-wheelers by 75 percent. However, India's number of electric vehicle charging stations in India is remarkably low at around 1,700, which is roughly one charging station for every 588 electric vehicles. To bridge this gap between the electric vehicles and electric charging stations in India, independent companies