Investor Perspectives on Accelerating Growth in the Indian EV Ecosystem

The report examines the Indian EV ecosystem, noting success in incentivizing two- and three-wheel vehicle demand while highlighting the need to scale four-wheel vehicles and buses. It identifies significant growth potential in domestic battery manufacturing to reduce reliance on China, though it warns that insufficient charging infrastructure, consumer financing gaps, supply chain vulnerabilities, and labor skill gaps remain critical obstacles to scaling growth.

• India has successfully driven consumer demand for electrified two-wheel and three-wheel vehicles and is now starting to increase demand for buses and four-wheel electrified vehicles.
• While China currently dominates battery manufacturing, India has introduced policy schemes to encourage domestic production, an area where investors and companies see substantial potential to accelerate EV adoption.
• Scaling the EV sector requires addressing several systemic barriers, including inadequate charging infrastructure, consumer financing difficulties, supply chain shortages, labor skill gaps, and a lack of alignment between state and federal policies.
• Experts suggest that adopting battery swapping, which is already receiving government policy support, could further increase EV demand and adoption.

APA

(ICRIER),, T. M. G. A. A. (. I. R. (2022). Investor Perspectives on Accelerating Growth in the Indian EV Ecosystem. International Institute for Sustainable Development. https://www.iisd.org/publications/report/investor-perspectives-accelerating-growth-indian-ev-ecosystem

Chicago

(ICRIER),, Tom Moerenhout,Siddharth Goel,Dev Ashish Aneja (Invest India),Saon Ray. Investor Perspectives on Accelerating Growth in the Indian EV Ecosystem. International Institute for Sustainable Development, 2022. https://www.iisd.org/publications/report/investor-perspectives-accelerating-growth-indian-ev-ecosystem.

Wikipedia

{{cite report |last1=(ICRIER), |first1=Tom Moerenhout,Siddharth Goel,Dev Ashish Aneja (Invest India),Saon Ray |title=Investor Perspectives on Accelerating Growth in the Indian EV Ecosystem |publisher=International Institute for Sustainable Development |date=2 August 2022 |url=https://www.iisd.org/publications/report/investor-perspectives-accelerating-growth-indian-ev-ecosystem |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{icrier2022investor, author = {(ICRIER),, Tom Moerenhout,Siddharth Goel,Dev Ashish Aneja (Invest India),Saon Ray}, title = {{Investor Perspectives on Accelerating Growth in the Indian EV Ecosystem}}, institution = {International Institute for Sustainable Development}, year = {2022}, month = aug, url = {https://www.iisd.org/publications/report/investor-perspectives-accelerating-growth-indian-ev-ecosystem}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }