With the raising prices of the fuel in India, the transportation industry in the nation is looking at alternative options. Central Government is aiming to introduce other types of fuels like Ethanol apart from migrating towards electric.
EV market in India is still in its starting phase and the next decade may see a huge shift towards the renewable side. Most of the western countries are aiming to migrate to electric by 2025 apart from cutting down their energy production for homes and industries through non renewable resources and raising their renewable power.
Electric cars is now a hot topic and a new market all over the world. Stock prices of all the EV companies raised more than double in the recent times. This trend may soon be seen in India. Post pandemic is looking quite optimistic for the nation with lot of futuristic projects which may shape a better India. With foreign investors showing immense interest in India and the companies shifting from China to the nation, the comeback curve of growth and development looks quite promising.