Business
September 11, 2023
3 min

Government incentives and cost-conscious customers lead to ... - Spectrum News NY1

India's electric vehicle (EV) market is rapidly growing, with millions of EV owners and over 90% of vehicles being two- or three-wheelers. A $1.3 billion federal plan and rising fuel costs are driving up sales. However, experts stress the need to shift electricity generation away from fossil fuels and ensure sustainable mining practices for critical minerals. EVs are seen as a solution to reduce emissions and improve air quality, but India's electricity generation still heavily relies on fossil fuels.

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Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry