5% of Indian car buyers may purchase electric cars this year, with preference for models priced ₹8-10 lakh, despite limited charging infrastructure and higher upfront costs.
5% of India's car buyers are likely to purchase electric cars this year, according to a survey by LocalCircles, with over half willing to buy if priced within ₹8-10 lakh. Last year, India registered 72,321 electric four-wheelers despite 4 million overall car sales. The lack of charging stations, limited model choices, and higher upfront costs contribute to low interest in electric cars.
March 31, 2024
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