Electrifying India's Transportation: Economic Perspectives on Electric Vehicle Impact, Opportunities, and Challenges

Abstract

Electric vehicles (EVs) represent a significant advancement in transportation, offering solutions to carbon emissions and air pollution. This research focuses on the impact of EVs on India's transportation sector, examining opportunities, barriers, and financial implications. It analyzes regulatory frameworks, market dynamics, and technological potential, shedding light on EVs' transformative role in mobility and logistics. Despite challenges such as infrastructure gaps and affordability concerns, the paper identifies strategies to overcome these obstacles. Additionally, it discusses the economic viability of EV adoption and provides stakeholders with insights for informed decision-making. Ultimately, this research serves as a guide for policymakers, industry players, and investors to capitalize on the opportunities presented by electric mobility in India