India Electric Passenger Car Market - Trends, Share [Latest] & Forecast.
According to TechSci Research report, “ India Electric Passenger Car Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the India Electric Passenger Car Market stood at USD 9.6 Billion in 2023 and is anticipated to grow with a CAGR of 8.09% in the forecast period, 2024-2029. The India Electric Passenger Car Market is experiencing significant growth driven by several key factors. Firstly, the escalating environmental concerns and the need for sustainable transportation have led to a heightened awareness of the numerous benefits of electric vehicles, resulting in an increased demand for them. Additionally, the government's proactive initiatives, such as attractive subsidies on electric vehicles and the establishment of a robust charging infrastructure, have played a significant role in promoting the widespread adoption of electric cars. Furthermore , the market is fueled by the substantial reduction in the total co...