Synopsis
The Indian automobile industry after several evolutions is at the threshold of the future of mobility - electric vehicles. For India to reach its vision of 30% EVs by 2030 and to accelerate the transition, factors such as increasing government support, decreasing cost of technology, and distressing pollution levels, would be very important. The switch over to EVs will necessarily create new industries and new job opportunities that can bring about economic prosperity besides the environmental benefits.
Agencies
One of the single biggest roadblocks in the mass-adoption of EVs has been battery technology – i.e., storing large amounts of energy in a small battery economically.