Abstract

Electric Vehicles (EV) has recently been gaining increased worldwide interest since they result in far less climate pollution than their gas-powered counterparts. The main challenges in adoption of EV are insufficient charging stations, long charging time, high initial cost and limited range. Making India an all EV market by 2040 also ushers in incentives for the development of EVs like the Faster Adoption & Manufacturing of Electric Vehicles (FAME) Scheme in 2015 to incentivize manufacturing of Eco-friendly vehicles including Hybrid Electric Vehicles (HEV). This paper is focused on providing an overall picture of the modern Electric Vehicle scenario and areas for further growth.

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