What are the electric vehicle adoption hurdles in India and other countries ?
The adoption of electric vehicles (EVs) faces several hurdles globally, including India, due to various technological, economic, infrastructural, and policy challenges. Below is an overview of the key barriers: 1. Infrastructure Challenges Insufficient Charging Network : Limited availability of charging stations hinders EV adoption, especially in rural and semi-urban areas. Grid Capacity and Reliability : In countries like India, grid infrastructure is often inadequate to support large-scale EV charging. Slow Charging Speed : Longer charging times compared to refueling traditional vehicles discourage users. 2. High Initial Costs Expensive EVs : High upfront costs of EVs compared to internal combustion engine (ICE) vehicles are a major barrier. Battery Costs : Batteries make up a significant portion of the EV cost, and while prices are declining, they remain a challenge for affordability in developing nations. 3. Limited Battery Technology and Supply Chain Range Anxiety : Limited r...