India saw a relatively low rate of EV adoption before the COVID-19 pandemic Demand for electric vehicles for commercial use is estimated to increase 15 times in the next six months Both central and state governments have announced incentives which have made electric vehicles a lot more affordable Before the COVID-19 pandemic, India’s electric vehicles sector was languishing and rates of adoption were petering out. Now, India could be the next major market for electric vehicles, in large part thanks to commercial EV adoption.In fact, the subcontinent’s demand for EVs for commercial use alone is expected to increase a stunning 15-fold in the next six months alone . The sudden spike in uptake is being fuelled by the confluence of a number of factors including rising fuel prices, lower EV prices, government support and incentives, and the electrification of fleets for ecommerce delivery. The Indian economy has seen record […]