About two in every hundred cars sold today are powered by electricity with EV sales for the year 2020 reaching 2.1 million.
The future of mobility is at a critical point of inflection. Every time oil prices spike or climate change is debated and discussed, Electric Vehicles (EVs) are inevitably mentioned as a part of the solution. Yet, despite several new Indian companies entering various parts of the EV value chain, significant capital infused in the space and large-scale execution efforts, EVs are not mainstream yet. It is 2021 and it seems we have hit the inflection point for EVs to take off, finally.
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