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India is on the cusp of a major transformation in its automotive sector, with electric vehicles (EVs) playing a pivotal role in this shift. The country's EV market is projected to grow at a remarkable compound annual growth rate (CAGR) of 28.52%, reaching an estimated US$18.319 billion by 2029. This growth is driven by government incentives, technological advancements, rising fuel prices, and increasing environmental awareness. The demand for electric two-wheelers and three-wheelers is particularly strong, reflecting a broader shift toward sustainable and cost-effective transportation. However, challenges like high upfront costs, limited charging infrastructure, and range anxiety still remain. In this blog, we explore the key drivers, market segments, and future outlook for India’s electric vehicle market, offering insights into how the country is positioning itself as a global leader in electric mobility.