Future-ready: India has huge, untapped demand for electric mobility

The sector faces a raft of challenges straddling funding, uneven growth, and differences in demand projection between automakers and other industry players

There is a vast, untapped demand potential in India for electric vehicles (EVs), which can be realised with the help of an ambitious approach by automotive (auto) players, innovation to reduce costs, and a focus on commercial vehicles, experts and industry leaders pointed out at the Business Standard EV Dialogues held on Tuesday.

What will also help is an increased awareness of the total cost of ownership (TCO) instead of the cost of acquisition, which, at present, can be much higher for EVs than for comparable models of vehicles running on the traditional internal combustion engine (ICE).

Kartikey Hariyani, managing