A Statistical Approach on Opportunities and Challenges in the EV-Mobility for India

Electrical Vehicles are being made mandatory in many countries and India hopes to accomplish this feat by 2030. Out of the many problems like charging infrastructure, range anxiety, cost, the main hurdle to be considered is the raw materials required for the battery. The 2W segment looks promising in India compared to other markets owing to a lot of reasons. Few major players have introduced electric models in the 4W segment and many are expected to release new ones in the coming months. It is also seen that incentives from the Government have boosted the sales in many countries and the same is being done in India. This paper focuses on the supply chain of the batteries, Energy required for the complete transition to EV and also discusses cyclic economy in the EV industry which could churn out a lot of opportunities and reduce the cost of the vehicles. The paper also specifies the challenges being faced currently and also emphasizes ways in which the problem becomes an opportunity in a side-by-side basis.