Electric Vehicles drive new business models in India


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Electronic vehicles are expected to drive significant behavioral changes in the Indian market and its increasing adoption will lead to new business models in the mobility value chain going forward, says a report.

According to Feedback Business Consulting Services' Multi-Client Mega Trend Report on the future of Electronic vehicles (EV), the concerns on operating range of EVs are misplaced, as personal cars are increasingly used for point to point travel and for a limited range of kilo ..

As per the report, India, home to one of the largest 2-wheeler population in the world will witness a fast shift to EVs as it has the inherent advantage of easy charging.

Meanwhile, personal cars will have a slow shift in the initial 2-3 years till major Auto Original Equipment Manufacturers (OEMs) come with their range and variety and then the movement will have its momentum.

The report stated EVs will drive new business models in the mobility value chain going forward.

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