Consumer interest in electric vehicles (EVs) has hit the right notes, with the segment looking to have reached an inflection point.
From just a couple of products across segments five years ago, the bouquet has grown to more than 50 EV models, as of today. Scooters, motorcycles, passenger three-wheelers, cargo three-wheelers, 4-wheeler vans, cars, SUVs and buses are powered by batteries.
Through greater localisation efforts and constant slide in price of batteries, some of these EVs are priced on par or even lower than their petrol-powered counterparts.
Let’s take a look at where some of the biggest automotive brands are in the EV space and what their future looks like.