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EVs are more economical in India, but they are facing big hurdles

By Economic Times - 4 months ago
Electric vehicles in India offer lower lifetime costs. Small passenger EVs are cost-effective. Electric buses have economic advantage. High-speed segment of electric three-wheelers require support. Heavy trucking sector's shift towards EVs is viable post-2030. EV adoption faces barriers like resale value, charging infrastructure, financing, consumer hesitations, and accessible financing.

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