India
ELECTRIC TWO-WHEELERS TO DRIVE EV GROWTH, BATTERY LOCALISATION KEY TO PROFITS
Electric two-wheelers will continue to anchor electric vehicle (EV) adoption in India, while passenger cars are set to emerge as the fastest-growing segment from 2026, according to a recent assessment by Capgemini. The consulting firm said strong total cost of ownership benefits, improving charging access and rapid digitisation of vehicles will drive the next phase of EV growth across regions and city tiers. “Globally, passenger cars will still dominate EV volumes, but in markets like India the deepest penetration will come from two- and three-wheelers and last-mile commercial vehicles,” said Anuraag Bharadwaj, Industry Platform Leader for Automotive – India at Capgemini. “These segments are best suited for electrification because of their economics, limited charging needs and alignment with urban mobility patterns.” In India, electric two-wheelers will remain the backbone of EV adoption due to their affordability and daily-use economics. At the same time, passenger EVs are expected to see sharp year-on-year growth as charging infrastructure expands and product options widen across cities. (ICE NEW DELHI)
Fonte notizia: Financial Express
