India is learning to love electric vehicles — but they're not cars

TL;DR

- Unlike in the United States and China, India's electric vehicle market is dominated by two-wheel vehicles instead of four-wheel passenger cars.- EVs make up only about 2% of total automobile sales in India, but the Indian government has targets to increase EV adoption in the next decade, focusing on raising purchases of two-wheel vehicles.EVs make up only around 2% of total automobile sales, but the Indian government has ambitious targets to increase EV adoption in the next decade, focusing on raising purchases of two-wheel vehicles.Growth of India's four-wheel EV segment is expected to be smaller because the cars are mostly owned only by drivers who travel out of the city on longer routes, said Arun Agarwal, deputy vice president of equity research at Kotak Securities.Including taxes, owners of two-wheel internal combustion engine vehicles in India typically pay 3,000 rupees a month for their vehicle, Kumar said."

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