International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Rise of EV as a Emerging and Convenient Market in Automobile Sector in India

Author(s) Harsh Tomar
Country India
Abstract India now ranks fourth among countries that generate greenhouse gases (GHG). Due to a lack of a clear policy or plan, India has been lagging behind other nations in the adoption of electric vehicles (EV). As a measure to reduce air pollution and fossil fuel usage, the USA, China, Norway, and Germany have all provided significant subsidies and incentives to convert to EVs. By examining both the Indian EV market and the overall development of EVs, this paper's primary goal was to analyse the policies, strategies, and technological factors for developing EVs. Also, the research and development status of EVs in India were taken into account in this study. Also, a strength, weakness opportunity and challenges (SWOC) study was conducted on the present EV deployment in India, along with the potential and difficulties that exist within this industry. By coordinating the development and climate change objectives, there are opportunities to reduce GHG emissions and improve the sustainability and climatic compatibility of India's transportation expansion. The National Action Plan for Climate Change (NAPCC) of India acknowledges that GHG emissions from transportation can be decreased by adopting a sustainability approach through a combination of measures, including increased use of public transportation, increased use of biofuels, and improved energy efficiency of transportation vehicles.
In 2018, India overtook Germany as the fourth-largest vehicle market in the world. Two-wheeler sales in India have nearly tripled over the past ten years, and both passenger and commercial vehicle manufacturing have increased by half.
Field Business Administration
Published In Volume 5, Issue 2, March-April 2023
Published On 2023-03-13
DOI https://doi.org/10.36948/ijfmr.2023.v05i02.1864
Short DOI https://doi.org/gr2kqf
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