54% Indians Consumers Concerned about Quality of Electric Vehicle, Not Range: Report
IANS 07 November 2022
About 50% of Indian consumers are now open to buying electric vehicles (EVs), albeit with a caveat, while 54% of consumers are still concerned about EV quality, a report showed on Monday, adding that EV range anxiety now appears to be a misperception.
As per the report by CyberMedia Research (CMR), the consumers are not shying away from EVs owing to 'EV range anxiety' or 'upfront costs', or 'limited EV charging infrastructure'.
"For long, limited EV charging infrastructure and range anxiety have been construed as barriers for EV adoption. However, automotive OEMs have already designed EVs with a sufficient range of up to 200 kms or more," said John Martin, analyst, smart mobility practice, CMR.
"The potential consumer for EVs is more concerned by the overall EV quality. EV quality includes not just external build quality but refers to the overall quality of internal components used - including battery and others," Mr Martin added.
With a strong government policy push, including its flagship EV scheme, faster adoption and manufacturing of electric vehicles (FAME), and more automotive OEMs prioritising EVs, India's EV momentum is gaining momentum.
India's EV charging infrastructure is accelerating, with more public EV charging stations coming up.
Alongside, cross-industry collaborations in the EV ecosystem will also contribute to the ramping-up of charging infrastructure.
"Driven by ongoing policy thrust at the central and state levels for EV infrastructure development, alongwith upstream R&D in battery development will ensure a significant uptick in ramping-up e-mobility. For OEMs, the focus should be on continuous awareness generation around the quality and potential of EVs," Mr John noted.
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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