Spurring rapid adoption of EVs in India
Although, India is witnessing notable growth in Electric Vehicles ( EV) segment, the growth could have been much faster. The EV growth offers multiple benefits ranging from environmental to fiscal health of the economy with less reliance on imported crude oil.
There are multiple reasons for slower than possible adoption rates. However, range anxiety comes out at the top . Range anxiety arises from the fear and concern that vehicle's battery will not last enough. This phenomenon is one of the significant reasons impacting the wider adoption of EVs. The problem is more acute in a country like India.
Therefore, this article delves only into the various facets of range anxiety, exploring its root causes. It also examines few approaches to mitigate this issue & provides key suggestion especially the extent and kind of government support .
The article discusses a case study of Norway, which has achieved a leading position in global EV adoption, with a remarkable sales penetration rate of 90% plus. The case study offers valuable lessons and insights for other nations especially India aiming to enhance their own EV infrastructure and adoption rates.