Future of Transport – Rise of Electric Vehicles in India

K Uma
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K Uma: Madurai Kamaraj University

ComFin Research, 2023, vol. 11, issue 4, 34-38

Abstract: The introduction and proliferation of electric vehicles (EVs) in India signify a transformative shift in the country's automotive landscape and its commitment to sustainable transportation. This paper explores the key drivers and dynamics underpinning the rise of EVs in India, highlighting the environmental imperatives, government initiatives, technological advancements, urban challenges, global trends, and economic implications that are shaping this transition. Furthermore, it examines the challenges and opportunities associated with the adoption of EVs, such as the development of charging infrastructure and the coexistence of traditional and electric vehicle ecosystems. The paper underscores the significance of EVs in addressing pressing issues like air pollution and climate change while fostering domestic manufacturing and job creation. As India's electric vehicle market continues to evolve, it is essential to recognize its potential to redefine mobility, reduce emissions, and contribute to a more sustainable future.

Keywords: Electric Vehicles; Environmental Concern; Climate Change & Air Pollution (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:acg:comfin:v:11:y:2023:i:4:p:34-38

DOI: 10.34293/commerce.v11i4.6698

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