The challenges faced by EV Industry in India: An analysis of consumer perception

India is the one of the largest markets for electric vehicles in the world. Despite Indian Electric Vehicles (EV) industry has been grown at a significant pace in last few years, it would not be able to meet the upcoming demands. In Indian, EV industry is facing many demand and supply related problems, the demand side problems include; range anxiety, affordability, safety concerns, availability of charging and service centers while supply side problems include; lack of investment, huge initial cost of production, expensive research and development, lack of States’ collaboration with private sector for promotion and production etc. The perceived monetary benefits, perceived risks, environment friendly nature of it, availability of service centers and charging points are the factors which influence the demand of electric vehicle in India significantly.