Pranav Sharma, Pradeep Kumar Singh, Akash Verma
Pranav Sharma1, Pradeep Kumar Singh2, Akash Verma3
1University of Allahabad, Prayagraj.
2Assistant Professor, University of Allahabad, Prayagraj.
3Research Scholar, Department of Economics, University of Allahabad, Prayagraj.
Volume - 13,
Issue - 3,
Year - 2022
India is the one of the largest markets for electric vehicles in the world. Despite Indian Electric Vehicles (EV) industry has been grown at a significant pace in last few years, it would not be able to meet the upcoming demands. In Indian, EV industry is facing many demand and supply related problems, the demand side problems include; range anxiety, affordability, safety concerns, availability of charging and service centers while supply side problems include; lack of investment, huge initial cost of production, expensive research and development, lack of States' collaboration with private sector for promotion and production etc. The perceived monetary benefits, perceived risks, environment friendly nature of it, availability of service centers and charging points are the factors which influence the demand of electric vehicle in India significantly.
Cite this article:
Pranav Sharma, Pradeep Kumar Singh, Akash Verma. The Challenges faced by EV Industry in India: An Analysis of Consumer Perception. Research Journal of Humanities and Social Sciences. 2022;13(3):162-8. doi: 10.52711/2321-5828.2022.00027
Pranav Sharma, Pradeep Kumar Singh, Akash Verma. The Challenges faced by EV Industry in India: An Analysis of Consumer Perception. Research Journal of Humanities and Social Sciences. 2022;13(3):162-8. doi: 10.52711/2321-5828.2022.00027 Available on: https://www.rjhssonline.com/AbstractView.aspx?PID=2022-13-3-7
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