Despite EV hype, will India be the last major economy to ditch auto fuels?

There are over 3 million CNG-fuelled vehicles registered in India

On a smog-filled Mond­ay, a colleague hailed a cab. The chirpy, middle-aged driver enquired if she owned a car, and, if so, was it an electric vehicle (EV). On hearing that it was an old vehicle, he suggested that she opt for an EV. The colleague, a slow adopter of new technologies, wondered if EVs would be a smart investment given the lack of infrastructure. But the driver opined that EVs would multiply, led by a proliferation of charging outlets.

The driver’s enthusiasm for alternative-fuelled vehicles is shared by S&P Global’s India unit. Mumbai-based Crisil’s latest report paints a dismal picture