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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)
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ISSN Approved Journal No: 2320-2882 | Impact factor: 7.97 | ESTD Year: 2013
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Authors
Dr. Bennet Vyasan B
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Keywords
Electric vehicles, EV market, India, automotive industry, government policies, battery technology, charging infrastructure, consumer preferences
Abstract
The Indian automotive industry has experienced a significant transformation in recent years, marked by the rapid growth and emergence of the electric vehicle (EV) market. This paper explores the key drivers and trends behind this shift, as well as the challenges and opportunities that lie ahead. The analysis underscores the crucial role of government policies and incentives, environmental concerns, and advancements in battery technology in promoting EV adoption in India. Additionally, the paper assesses the impact of the COVID-19 pandemic on the EV market and the industry's strategies to address the resulting disruptions. It also examines the regulatory landscape, charging infrastructure development, and changing consumer preferences that are shaping the future of India's EV market. The findings of this study offer valuable insights for policymakers, industry stakeholders, and researchers interested in understanding the dynamics of the EV revolution in India.
In pursuit of the Indian government's ambitious goal of achieving 30% EV penetration by 2030, this study aims to investigate the factors driving EV adoption in India, understand consumer attitudes and perceptions, and identify key challenges and opportunities in the EV market. A survey of 151 respondents was conducted, and the data was analyzed using the chi-square test to identify significant relationships between variables.
IJCRT's Publication Details
Unique Identification Number - IJCRT2407566
Paper ID - 266088
Author type - Indian Author
Page Number(s) - e898-e908
Pubished in - Volume 12 | Issue 7 | July 2024
DOI (Digital Object Identifier) - http://doi.one/10.1729/Journal.40673
No Of Downloads - 4
Author Country - India, 562114, bengaluru, bengaluru, 562114, Management All
Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882
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Dr. Bennet Vyasan B, "Revolution of EV Automobile Market in India", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.12, Issue 7, pp.e898-e908, July 2024, Available at :http://www.ijcrt.org/papers/IJCRT2407566.pdf
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The International Journal of Creative Research Thoughts (IJCRT) aims to explore advances in research pertaining to applied, theoretical and experimental Technological studies.
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International Journal of Creative Research Thoughts (IJCRT)
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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