KEY POINTS
- India's vision includes increasing the share of EV sales to 30% in private cars and 70% in commercial vehicles
- Electric vehicle sales for the first 11 months of 2023 have reached a record 1.4 million units
- The country still needs to address challenges like infrastructure limitations and high dependency on imports for components
The switch to electric mobility and the de-carbonizing of the transport sector are absolutely essential for India, as it moves at full-throttle to go from the fifth to the third-largest economy.
