Rise of Electronic Vehicles: Opportunities and Challenges

The rise of electronic vehicles (EVs) has ignited a global boom in the automotive industry. The inherent eco-friendly nature of EVs is compelling people to shift their preferences from traditional fuel-burning vehicles to battery-powered alternatives. In line with this global trend, India has set an ambitious target to achieve 100% electric vehicles on its roads by 2030. In India around 1,096 startups are related to EVs. However, a pivotal question surfaces: are Indians truly aware and prepared to embrace this transformative technology? This paper attempts to shed light on the current scenario surrounding EVs, examining the opportunities for adoption rates in the Indian market. Simultaneously, it addresses the formidable challenges that must be navigated for developing nations like India to seamlessly integrate and prosper in the era of electronic vehicles. Keywords: Electric Vehicles (EVs), Start- ups, Awareness, Opportunities, Challenges