Electric mobility in India will gain from new product launches and govt policy
- EV penetration is expected to be driven by stringent emission norms, incentive schemes, well-defined long-term policies, standardization of charging infrastructure and a structured approach to reduce dependency on imports
Adoption of electric mobility in India will be driven by new products to be launched by automakers and component suppliers in the coming years and the effectiveness of government policies like the production linked incentive scheme and other initiatives, said brokerage firm Emkay Global in a note.
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