ISSN2320-2882
Impact Factor9.17
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CrossRefDOI
ESTD2013
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AccessOpen
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Paper Title
Emerging trends shaping the future of the electric vehicle industry
Authors
A. ANITHA BEGUM, , Dr.C. GOMATHY
Keywords
Electric Vehicle, FAME Scheme, Government Incentives, Environmental Concerns, Technological Advancements, Financial Year
Abstract
India's Electric Vehicle (EV) sector is experiencing rapid growth, fuelled by government incentives, rising environmental concerns and technological advancements. With initiatives like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, India aims to significantly increase EV adoption, revolutionizing its transportation landscape towards sustainability and innovation. The country has set an ambitious target to elevate EV sales to 30% of private cars, 70% of commercial vehicles, 40% of buses and 80% of two- and three-wheelers by 2030, translating to approximately 80 million EVs on Indian roads, alongside a focus on complete domestic EV production through the 'Make in India' initiative. According to ICRA, India's auto component industry will get investments of Rs. 25,000-30,000 crore (US$ 2.89-3.46 billion) in FY26 for capacity expansion and EV parts, up from Rs. 15,000-20,000 crore (US$ 1.73-2.31 billion) in FY25.Due to the nearly low to zero carbon emissions, low noise, great efficiency, and flexibility in grid operation and integration, electric vehicles (EVs) are a viable technology for creating a sustainable transportation industry in the future.
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IJCRT — journal style
"Emerging trends shaping the future of the electric vehicle industry", IJCRT - International Journal of Creative Research Thoughts (www.ijcrt.org), ISSN:2320-2882, Vol.14, Issue 3, page no.f954-f961, March 2026, Available :https://ijcrt.org/papers/IJCRT2603714.pdf
APA — 7th edition
A. ANITHA BEGUM, & GOMATHY, D. C. (2026). Emerging trends shaping the future of the electric vehicle industry. International Journal of Creative Research Thoughts, 14(3), f954-f961. https://ijcrt.org/viewpaperforall.php?paper=IJCRT2603714
MLA — 9th edition
A. ANITHA BEGUM, and Dr.C. GOMATHY. "Emerging trends shaping the future of the electric vehicle industry." International Journal of Creative Research Thoughts, vol. 14, no. 3, 2026, pp. f954-f961, https://ijcrt.org/viewpaperforall.php?paper=IJCRT2603714.
Chicago — 17th, bibliography
A. ANITHA BEGUM, and Dr.C. GOMATHY. "Emerging trends shaping the future of the electric vehicle industry." International Journal of Creative Research Thoughts 14, no. 3 (2026): f954-f961. https://ijcrt.org/viewpaperforall.php?paper=IJCRT2603714.
Harvard — author–date
A. ANITHA BEGUM and GOMATHY, D.C. (2026) 'Emerging trends shaping the future of the electric vehicle industry', International Journal of Creative Research Thoughts, 14(3), pp. f954-f961. Available at: https://ijcrt.org/viewpaperforall.php?paper=IJCRT2603714
IEEE — numbered reference
A. ANITHA BEGUM and D. C. GOMATHY, "Emerging trends shaping the future of the electric vehicle industry," IJCRT, vol. 14, no. 3, pp. f954-f961, Mar. 2026.
Vancouver — biomedical
A. ANITHA BEGUM, GOMATHY DC. Emerging trends shaping the future of the electric vehicle industry. IJCRT. 2026 Mar;14(3):f954-f961.
AMA — 11th edition
A. ANITHA BEGUM, GOMATHY DC. Emerging trends shaping the future of the electric vehicle industry. IJCRT. 2026;14(3):f954-f961. Accessed at https://ijcrt.org/viewpaperforall.php?paper=IJCRT2603714
BibTeX — Zotero, Mendeley, LaTeX
@article{IJCRT2603714,
author = {A. ANITHA BEGUM and Dr.C. GOMATHY},
title = {Emerging trends shaping the future of the electric vehicle industry},
journal = {International Journal of Creative Research Thoughts},
volume = {14},
number = {3},
pages = {f954-f961},
year = {2026},
month = {March},
issn = {2320-2882},
url = {https://ijcrt.org/viewpaperforall.php?paper=IJCRT2603714}
}
RIS — EndNote, RefWorks
TY - JOUR
AU - A. ANITHA BEGUM
AU - GOMATHY, Dr.C.
TI - Emerging trends shaping the future of the electric vehicle industry
T2 - International Journal of Creative Research Thoughts
JA - IJCRT
VL - 14
IS - 3
PY - 2026
SN - 2320-2882
UR - https://ijcrt.org/viewpaperforall.php?paper=IJCRT2603714
SP - f954-f961
ER -
Issue
Volume 14 Issue 3,
March-2026
Pages : f954-f961
Article Information
- Pages
- f954-f961
- Published
- March 2026
- Registration ID
- IJCRT_303511
- Published Paper ID
- IJCRT2603714
- Research Area
- Commerce All
- Author Type
- Indian Author
- Location
- India
- Peer Review
- Request Peer Review Report
- Licence
- CC BY 4.0 · Open Access
- ISSN & Impact Factor
- 2320-2882 · IF 9.17
- Downloads
- 150
- Permanent Link
- https://ijcrt.org/viewpaperforall.php?paper=IJCRT2603714
- Published Paper PDF
- https://ijcrt.org/papers/IJCRT2603714.pdf
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