DETERMINANTS OF ELECTRIC VEHICLE ADOPTION ININDIA:AN ECONOMETRIC ANALYSIS OF OIL PRICES,AIR QUALITY, AND CHARGING INFRASTRUCTURE

Through econometric analysis, this study investigates the determinants of Electric Vehicle (EV) sales in India from 2019 to 2023. The analysis reveals a significant upward sales trend, with a monthly average of 21,966 units and a peak of 95,126 units in March 2023. The study aims to explore this trend, examine the impact of average oil prices on EV sales, and identify key determinants such as oil prices, public charging stations, and the Air Quality Index (AQI). Findings show a positive correlation between EV sales, oil prices, and AQI, with the latter emerging as a leading factor. These results suggest growing environmental awareness and offer insights for policymakers to promote electromobility in India, supporting economic and environmental goals