New Delhi, Dec. 5 -- India's electric vehicle (EV) market is expanding, but adoption remains modest across most segments, particularly cars, buses, and two-wheelers. An August report by Niti Aayog noted that while more than half of India's three-wheelers are now electric, other categories continue to lag. Global EV penetration stood at 16.48% in 2024, compared with just 7.66% in India.

The lack of adequate charging facilities, and the range anxiety that stems from it, remains a critical bottleneck for mass adoption.

The government plans to address this with the PM E-Drive scheme, aiming to set up more than 72,000 public chargers by FY28, when the scheme lapses, with a Rs.2,000 crore budget, targeting urban areas and highways.

About 6% ...