Electric Vehicles – Growth Drivers and Barriers in Indian Four-Wheeler Automobile Market

Abstract

In India, transport sector is one of the rapidly growing sectors. The Indian government has set a target of 100% e-mobility by 2030 and India embarked upon its e-vehicle journey in November 2017 by the deployment of 100 e-vehicle units and installation of four charging stations. Electric vehicles in the current world are causing a disruption in the automobile market an in extension to the Indian automobile market. This paper investigates the growth drivers and barriers for the Indian automobile manufacturers in the four-wheeler electric vehicle segment. In order to understand the proposed objective, the intention is to study in detail the government policy, conduct interviews with stakeholders in the whole electric vehicle value chain including manufacturers, customers, ancillary component manufacturers, electric charging infrastructure owners and other relevant stakeholders. The findings will reveal a holistic report on the future of electric vehicles, understand the intricacies and the impact of government policy and the other external factors driving decisions for the future of electric vehicles in India