According to recent reports, petrol cars continue to dominate the streets in India in the fiscal year 2022-23. Despite the growing popularity of electric vehicles, the conventional fuel vehicles still account for the majority of car sales in the country.
In the fiscal year 2022-23, the total sales of petrol cars in India reached a staggering figure of over 15 million units, which is approximately 80% of the total car sales in the country. This indicates that the consumers in India still have a strong preference for petrol cars over electric vehicles.
One of the major reasons for this trend could be the lack of charging infrastructure and the limited range of electric vehicles available in the market. In addition, the higher cost of electric vehicles compared to petrol cars is also a factor that is deterring consumers from switching to electric vehicles.
However, it’s not all bad news for the electric vehicle industry. The government of India has been taking several initiatives to promote the use of electric vehicles in the country, such as providing tax incentives and subsidies for the purchase of electric vehicles. In addition, the private sector is also investing heavily in the development of charging infrastructure and the production of affordable electric vehicles.
These efforts are expected to pay off in the long run, and the popularity of electric vehicles is likely to increase in the coming years. The future looks promising for the electric vehicle industry in India, and it will be interesting to see how the situation evolves in the years to come.
