Indian EV industry may surpass traditional medium of transport: Report

Almost 66% of Indians believe that electric vehicles will surpass diesel and petrol cars by 2030, a survey on private consumer expectations showed on Monday. 

The survey conducted by YouGov and ACKO also read that 57 % of Indian users want to invest in EVs. Meanwhile, 56 % want to purchase an EV to benefit the environment. 

The study further showed that 60 % of Indians believed that India’s public infrastructure is not well equipped yet. Hence the framework needs to be more developed to support EV culture. However, 89% of the survey takers agree that India will be ready on EV infrastructure terms for EVs by 2030. 

Over the last few years, experts have revealed that the poor infrastructure for EVs has been the primary barrier to the EV Industry.  

The survey reads, "Among the intenders, 62% are concerned about rising fuel prices, and 57% are interested in the latest technology. 51% said using an EV has lower running costs than petrol and diesel cars. 48% of the owners said EVs are more cost-efficient per mile than traditional cars."

The statements further revealed that 48 % of the EV owners said EVs are more cost-effective per mile than petrol or diesel cars.

Questioning EV fire, 63% of the survey’s respondents weren't aware that sand is the best option to put out an EV fire. Citing a report, Economics Time reported, “For example, 66% assume that battery life only lasts between 2 to 5 years. The good news is that 8 in 10 correctly recognize that charging behavior has a role in the EVs battery life."

The survey underlined the need to spread awareness about EVs and their different aspects.  

 According to automobile dealers’

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The survey sample size was around 1018 respondents from households of the

New Consumer Classification System (NCCS)